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If you receive a large sum of money before your chapter 7 bankruptcy discharge does it need to be reported?
Wiki User
∙ 15y ago
Yes, even for 6 months after discharge. Depending on the source of the money, the trustee may have no way to take it, but not reporting it will leave you open to challenge later on. Ask your lawyer or get an experienced bankruptcy lawyer.
Wiki User
∙ 15y ago
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If you had bankruptcy in 2004 can you file for bankruptcy again?
Some strict limitations have been set by the new bankruptcy law. Debtors will not be able to file Chapter 7 bankruptcy if they've been through a Chapter 7 within eight years of the new filing. If they want to file for Chapter 13, they will not receive a discharge within two years of a previous Chapter 13 discharge and within four years if they were discharged from a Chapter 7, 11 or 12 bankruptcy.
Who will notify me of the court's decision regarding my chapter 7 bankruptcy case?
You will receive a letter from the court notifying you that you have received a discharge.
How many times can you file bankruptcy in New Mexico?
You can receive a chapter seven discharge once every eight years.
At what point in a Chapter 7 bankruptcy is it considered final with no new debts eligible for discharge?
When you file for Chapter 7 bankruptcy, you are responsible for listing all of your debts. Some debts are generally not dischargable (i.e. child support, most taxes, student loans, secured debts, etc.). When you receive a discharge for dischargeable debts, the discharge generally applies to debts listed in your bankruptcy filing and any subsequent amendments. The discharge does not apply to date incurred after you filed bankruptcy and generally does not apply to debts that you failed to list in the bankruptcy.
Can you file chapter 13 bankruptcy in June 2010 after filing chapter 7 bankruptcy in June 2006?
You can file Chapter 13, but you would need to pay all creditors in full because you are not eligible to receive a discharge. If you want file Chapter 13 and receive a discharge, you must wait to file until 6 years have passed since your Chapter 7 case. You would to wait 7 years if you want to file another Chapter 7 case.
Can you file for bankruptcy when your husband did before you were married?
Yes you can, he may on the other hand will not be able to receive a discharge under the same chapter for 6 years.
Can a non-profit file bankruptcy?
If it is a corporation, it can. Like all corporations, it cannot receive a discharge under Chapter 7. Most bankruptcy lawyers, if the corporation will not benefit from a Chapter 11, would probably not recommend bankruptcy for the corporation, but the organization should discuss this with an experienced local bankruptcy attorney.
How do you know when your chapter 13 bankruptcy is over?
You will receive a letter that your bankruptcy is discharged. You can also call the bankruptcy court or the trustee and find out if it is final.
Can you receive a lump sum pension after a chapter 7 bankruptcy?
If you exempted it in full, yes. If you did not exempt it, and you knew before you filed that you would be getting it, you have committed a fraud on the court and perjury. If you were entitled to receive it before or within 180 days after the bankruptcy (chapter 7) was closed or you got your discharge, it goes to the trustee. If you did not know you were entitled to or going to receive this money before or during or within 180 days after the discharge, and you got it more than 180 days after discharge, yes, you can. Some pensions are exempt under state or federal law, so consult a local attorney if you are not sure.
Are accounts after bankruptcy included in bankruptcy?
Any debt that you accumulate before your bankruptcy filing and have listed on your petition will be eliminated when you receive your discharge as long as your creditors do not file an injunction against you. After you receive your discharge you are welcome and able to open new credit accounts but any debt you accumulate will not be considered a part of the bankruptcy you filed before opening the account.
Bankruptcy discharged 7 years ago can you file again?
The consumer is eligible to file for a chapter 7, six years after the discharge of a previous one. Although bankruptcy courts are begining to be reluctant about it. It's becoming more common that,if a debtor can pay as little as $100 a month the court will only accept a chap. 13 filing.
How do you buy a house while in a chapter 13 bankruptcy?
The chapter 13 petitioner/participant must receive the approval of the bankruptcy trustee for all major financial transactions.
