Taxes and Tax Preparation
You filed bankruptcy in the end of 2005 your case was discharged Feb 2006 closed April 2006 Trustee returned your 2005 tax refunds to you saying they have no interest in them you were wondering if yo?
Can you keep your car when you file a chapter 7 bankruptcy?
In the event of chapter 7 bankruptcy, you may retain possession of secured property only in the event you reaffirm with the lender. In the event no reaffirmation is signed for each piece of property, the property that has not been reaffirmed must be returned to the lender. If non-reaffirmed property is not returned to the lien holder (lender), that party may seek or continue with repossession of that property and any unpaid balance that is not forgiven by the chapter 7...
How can creditors size a tax refund check one year after filing chapter 7 bankruptcy?
The answer depends on who the creditor is and the status of the debt. If the debt was a student loan or other non-dischargable debt, then your tax refund can be taken. If the debt WAS discharged, ANY collection action of any kind on a discharged debt is a violation of the permanent injunction of the discharge and therefore illegal. If the creditor was not included on the creditor matrix, then informing them of the bankruptcy and discharge of the debt may...
Why do you have to repay for a car that was voluntarily given back and sold at auction and you will receive nothing in return?
Because when you took out the loan you agreed to repay the entire amount, the interest and any amount the lender had to spend on collection on the loan (late charges, reposession fees, auction fees, etc). Just because you gave the car back doesn't mean you don't owe the money. Find out what car dealers don't want you to know at www.dealertricks.com If the lender took the car, and sold it at auction, file bankruptcy. The remaining loan amount will be discharged...
Should a currently financed car be returned to the finance company before or after bankruptcy is discharged?
If you didnt reinstate the loan, you SHOULD return it promptly or call them to come get it.It will be cheaper on you to return it. The lender will sit on it until they get ready to come get it so they can add late fees ,ect. to your bill. ...
How did the Navajo Code Talkers effect the four corners area after they returned from the war?
They didn't since they were sworn to secrecy when they were discharged.
Asked in Bankruptcy Law
Is there a minimum for garnished funds to be returned when a bankruptcy is filed?
Garnished funds will NOT be returned to you. If it was a significant amount, the bk Trustee can claw back that money and use it to pay your creditors. Otherwise, that money is gone. ...
Can you get your car back if you file a chapter 7 bankruptcy before it is auctioned off?
If the lender is willing to reaffirm the loan with the borrower then the vehicle can be returned. A vehicle is a secured debt and is not subject to chapter 7 bankruptcy laws. ...
How much interest if you borrow 2000 at a rate of 6 percent for 2 years?
if its simple interest: I = prt = 240 the total money to be returned is 2240 ...
Asked in Debt and Bankruptcy, Bankruptcy Law
When do you have to be out of a house after it has been discharged in Chapter 7?
Because the house has been returned to the lender. It is not "yours" in any sense and you have not arranged to reclaim the house by making payments. ...
Asked in Relationships, Dating, Teen Dating
What could be keeping a guy that showed interest in you from calling you?
He may have just lost interest if you have not returned or offered any interest in him or found a new interest. He could also just be busy and have no time to call you lately or is waiting for you to contact him. ...
Is a person responsible for the remaining balance of a reaffirmed car loan when it is voluntarily returned to the dealer after a bankruptcy?
Yes. When you reaffirm you agree to continue the debt and it is removed from the bankruptcy estate. Also, the debt in this case is post-peition.. as in it came about after the date of filing. ...
Once Ch 7 is discharged and the auto is returned to lender is there an obligation to pay the difference between the sale price and the loan amount?
I presume that you purchased the vehicle and sometime after that you filed the Chapter 7 Bankruptcy. If that is the case and you included the Finance company on your list of included creditors, then the discharge does just that. It discharges the debt forever and you do not have to pay any difference. Yes, as this is usually one of the terms of the contract. ...
If you repo'd a car and after the fact the customer's attorney called and notified you that the customer had filed for bankruptcy and you were required to return the vehicle do you have to return it?
Absolutely. Any creditor action including repossession cannot be taken after the filing of a BK and/or before the BK is completed and discharged. The vehicle will have to be returned to the borrower to await action by the lender such as requesting the BK stay be lifted or a reaffirmation agreement made between the lender and borrower. ...
Asked in Debt and Bankruptcy, Banking, Bank of America
Can the bank seize assets in the bank during a bankruptcy?
If creditors believe the person is trying to remove funds from accounts to keep them from bankruptcy proceedings; creditors can petition the court to freeze all accounts/assets. A bank cannot arbitraily seize account funds unless the depositer has a loan with the bank which includes a set off provision. Even then the bankruptcy trustee can request the funds be returned and included as assets in the bankruptcy. ...
If your wages are being garnished after you filed for bankruptcy in Ohio can the collection agency keep what they've taken and how can you stop the garnishment?
Once the bankruptcy is filed the automatic stay will halt the garnishment action. However, monies taken before the bankrupcy was filed will not be returned to the debtor. ...
Will you draw interest from paying in additional taxes yearly?
An overpayment of tax is treated as an interest-free loan from you to the government. One must file an income tax return to have this money returned to them. ...
If your bank account has been frozen because your ex-husband filed for bankruptcy how can you get your funds out?
A bank account can usually only be held for thirty days from the time it is secured. The joint account holder should contact the bankruptcy trustee to learn what is necessary to have their percentage of the funds returned. ...
When a bankruptcy case is dismissed for missed payments what happens to the money already paid into the plans?
If the court has already confirmed the chapter 13 plan then the money already paid is distributed to the creditors. Basically, since the case was not discharged, you still owe the debt, so you made payments towards the debt while in bankruptcy. If the plan was not yet confirmed by the court, the money is returned to the debtor by the trustee save for a small amount for the trustee's expenses (trustee would ask for this in his motion to dismiss)....
Is a loan the same thing as rent?
Of course not. A loan is not a payment, but rather an entrusting of another person with your property (or money), expecting it to be returned. Rent is simply a payment in exchange for possession of something for some defined period, and it will not be returned. Similarly, a security deposit for renting property is not a loan and is not rent: it remains the property of the tenant, but is held by the landlord until the tenancy is discharged. ...
Can the parents of a 17-year-old have him re-admitted after he has been discharged from the Missouri Division of Youth Services?
They can request the court to take that action but they cannot take it upon themselves to have the minor returned to DYS custody. ...
Asked in Repossession, Loans
Are you responsible for loan balances after repossession?
In MOST cases, you are responsible for the BALANCE DUE. Read the contract you signed to find out more on it. It is NOT something you want to forget about. lenders do get judgments for the balance and do collect them. Your responsible to pay back the loan, plus all accumulated interest, fees, costs of collection, etc., as that was all provided to you as terms of your getting the credit and loan you asked for. If the property is recovered, after...
Asked in Debt and Bankruptcy, Bankruptcy Law
If property has been seized before filing bankruptcy does stay apply to said property?
It depends on the nature of the seizure. A repossessed vehicle has to be returned i it has not been auction to a 3d party. If money was seized by a tax agency, maybe. ...
Asked in Charles Darwin
When did Charles Darwin come up with his evolution theory?
Darwin was in the Galapagos Islands August to September 1834. It was there that he began wondering about evolution. He returned to England in 1836, and in 1837 Darwin started his first notebook on evolution, secretly. ...
Asked in US Civil War
Where did the army go after the civil war?
The majority of the Army returned to their homes. There was a period of several months as they moved troops back to appropriate areas and discharged the soldiers. Since most of them were recruited from the same area, so they held regular reunions to relive their experiences. ...