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why my property it's not elegible for exemptions Do I have any option?
Wiki User
∙ 14y ago
Ask the County of Orange Personal Property Tax office Orlando, FL - (407) 836-2700
Wiki User
∙ 14y ago
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Are there any personal exemptions of property in a bankruptcy action?
If you mean exemptions of personal property, as opposed to real estate, yes, but they depend on state exemptions or federal exemptions in states that allow a choice of state or federal exemptions. Consult a local bankruptcy lawyer for specifics for your state.
Can you use tenancy by the entirety to protect property during bankruptcy when using federal exemptions or can it only be applied when state exemptions are used?
Any interest in property, no matter how you hold title, has to be disclosed for possible payment to creditors.
Do you get to keep to keep your property if you file bankruptcy?
You get to keep any property that you can exempt, which may depend on state laws. Some states let you choose between the federal exemptions or the state exemptions. Any property worth more than the exemption has to be redeemed (the trustee is paid the difference between the value of the property and the exemption) or given to the trustee. (Technically, the trustee owns everything in a chapter 7 until the 341 meeting or the first meeting of creditors.)
What does this option shall run with the property and shall be binding upon any subsequent purchaser of the property mean?
This is a line from a purchase or lease agreement fora piece of property. It implies that whatever option is being specified will remain with the property for subsequent purchasers and cannot be stricken from the agreement.
If you live in Texas can you be sued for a credit card debt of nine thousand dollars?
A person can be sued in any state for any amount. Texas does however have quite liberal exemptions for protecting personal and real property.
Are there any exemptions for the computer misuse act?
NO.
What are properties that can be robbed?
I believe that the Robbing option has been disabled so you cannot rob any property any more.
Do governments buy or lease intellectual property?
There do tend to be exemptions in copyright law for certain specific government uses, but for the most part, governments license intellectual property, which makes them pretty much like any other content user.
Which of these can be claimed for individuals or any eligible dependents?
Exemptions!!
Are there any personal exemptions of porperty in a bankruptcy action?
yes
How does New York State determine estate tax?
New York State determines estate tax by multiplying the property's taxable assessment minus any exemptions by the tax rates for school districts and municipality.
Can a credit card company that has placed the amount owed to collections place a lien against your house and then can the house be forcibly sold?
Maybe. There are several factors that enter into whether property can be sold to pay debts. There are state and/or Federal exemptions that may protect property from being seized and sold by creditors. The amount of protection, and the property that is protected differs from state to state. In some states only Federal exemptions are used, in others only state exemptions are legal, and yet others a combination of both. On top of that, there are non-bankruptcy exemptions that any consumer can use. Some states have constitutional laws, preventing the forced sale of a homestead. Therefore it is difficult to speculate on this situation without knowing the state of residency. Consult the laws of your state concerning Bankruptcy exemptions (lawsuit judgments are treated the same). Please feel free to email me if you feel I can help with further info.
