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If you own a rental property in one state that you are upside down on and is currently vacant and unable to rent out but live in another how does that effect your ability to file bankruptcy?
Goingdownhard
Bankruptcy is a Federal court procedure and law. The location of the things you own make no difference to your ability to file. BK includes ALL your assets and ALL your debts.
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∙ 15y ago
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If you file a bankruptcy will your holdings in another country be protected?
In a US bankruptcy, you will have to turn over all property of the estate. Out of country assets are property of this estate.
When you are in bankruptcy should you continue to pay for your homes hazard insurance?
Bankruptcy and Homeowners InsuranceYes, You should continue your homeowners Policy until such time the the property has been transferred back to the lender or to another owner.So long as the property is in your name, whether your in bankruptcy or not, you are still liable for any damages.
Is ability to combine with another substance physical or chemical?
The ability to combine chemically through the formation of chemical bonds with another substance is a chemical property.
What is a bankruptcy trustee?
The court appointed person (usually another lawyer) that takes all non-exempt property from the debtor, liquidates the property, and pays the creditors (according to a specific formula)
Is the ability to combine with another substance physical?
The ability to combine with another substance is a chemical change. This is because once the substance is made it can not be taken out.
Dissolving salt in water demonstrates what physical property?
solubility - the ability for a substance to dissolve into another substance
What is the ability to transfer thermal energy from one area to another and is a physical property of matter?
thermal conductivity
If you are divorced with joint property and she is filing bankruptcy in another state will they take your property?
It depends upon how the property is titled and the type of property. If it is a home that is used as the primary residence it will probably be protected by the state homestead exemption. Other real property is at risk if it is Joint Tenancy a lesser risk if it is Tenancy-in-Common.
I own a boat slip in intercostal waters. Does it fall under the jurisdiction of maritime or civil law in case of bankruptcy and can it be sold to help satisfy debts?
Bankruptcy is a set of Federal laws. YOU (not your boat, not your car, not your house) are using the Federal law by declaring bankruptcy. Your boat is personal (or perhaps business personal) property in those matters. Your house is another type of property or assset. Your savings account, yet another. Each has many sets of laws they are subject to. Even if it was a huge freighter on the high seas, in the Bankruptcy court, it is the rules of that court that hold.
Who is responsible for property taxes and upkeep of home if the mortgage was discharged in chapter 7 bankruptcy and the foreclosure process has not begun in Florida?
The owner of record is responsible for taxes and upkeep until a deed conveys the property into another name. The owner will be responsible from the Bankruptcy file date until the date of Trustee's Sale- even if the original sale date is postponed.
Does having a bankruptcy dismissed restart the statute of limitation?
Having a bankruptcy dismissed does restart the statute of limitation on a bankruptcy. You will have to wait eight years to file another bankruptcy.
What is the ability of a substance to combine chemically with another substance called?
The ability to combine chemically through the formation of chemical bonds with another substance is a chemical property.
