0
What else can I help you with?
Can a piece of property be purchased after a bankruptcy discharge in July?
add on to question, buying piece of land with cash only, can it be done after being discharged of bankruptcy in July
Can you file bankruptcy on cash advance in Illinois?
One cannot file bankruptcy on a cash advance in Illinois. A cash advance totaling more than $750 taken on within 70 days of your bankruptcy filing, can't be discharge. The reasoning behind this would be an individual would have to prove intention to paying back an advance.
How do you compel a BK trustee to take a full cash payment and discharge the BK?
You can compel the BK trustee to take full cash payment and discharge the bankruptcy by going to his/her office in person or setting a court date. Your attorney can advise you the best path to take.
How long do you have to wait after a bankruptcy discharge to inherit land?
The way this question is worded implies you want to manipulate the inheritance to avoid including it in your bankruptcy. If you become an heir to land or any property (cash, motor vehicle, etc.) prior to filing or while you are in bankruptcy, or within 180 days after discharge, you must disclose the inheritance to the trustee and the court, even if you have not actually received the property. There is no "waiting."
Can you get a cash advance if you in bankruptcy?
No.
Can you purchase a vehicle when filed bankruptcy?
Not usually in a c. 7, but with court approval, you can in a c. 13. The new debt will have to fit within the plan and your expenses. After discharge, you can try, but the current credit market makes it unlikely. Look for a cheap car you can pay cash for until credit is unfrozen under Obama.
Is it safe to do credit card cash advances before file bankruptcy?
Not really. Cash advances can and will be scrutinized by the bankruptcy Trustee for up to ONE YEAR prior to your bankruptcy filing date. If you take a cash advance and then file bankruptcy, that portion of your debt may not be discharged, on top of having to account for why you took it and what you spent the money on.
When filing bankruptcy in Calif is it possible to keep a small savings account for emergencies?
ALL money, including CASH HAS to be reported to the bankruptcy court. If you are dishonest in anyway, it can compromise your ability to receive a discharge. It's fraud. AFTER you file bankruptcy, you certainly can start a small savings account; but, not prior. Any money prior would probably be taken to pay creditors by the trustee.
How much cash can you keep in bankruptcy?
10000 dollars
How long after chapter 7 discharge can you cash out your 401K?
After a Chapter 7 bankruptcy discharge, you can typically cash out your 401(k) as soon as your plan allows, since bankruptcy laws generally protect retirement accounts from creditors. However, it's important to check the specific terms of your 401(k) plan, as some plans may have restrictions on withdrawals or require you to be separated from employment. Additionally, cashing out a 401(k) can result in taxes and penalties, so it's advisable to consult with a financial advisor before proceeding.
Does cashing out my 401k effect my chapter 7 bankruptcy?
Cashing out your 401(k) can impact your Chapter 7 bankruptcy proceedings. While retirement accounts are generally exempt from bankruptcy, cashing them out converts those funds into liquid assets, which could be subject to liquidation to pay creditors. Additionally, the cash withdrawal may increase your income or assets, potentially affecting your eligibility for bankruptcy or the amount you can discharge. It's advisable to consult with a bankruptcy attorney before making any decisions regarding your 401(k).
Should a lawyer ask you how mileage on your car if you under bankruptcy?
The lawyer must ask for that information, since it is required to determine the cash value of your car
