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In a chapter 7 bankruptcy how many years do you have to wait before filing if you have made any transfers of titles to cars or boats if they are assets to your case?
You can file at any time...the BK will be interested in transactions you may have had for some time prior to the filing.
2 years is a good rule of thumb as a look back period on things.....and of course that depends on what/how much...etc. You should be prepared to show what you did with the funds you received.
But there won't be a problem at any time (before or after)...if the transaction is actually done between uninvolved parties and without any preference...meaning not to advantage one creditor (or yourself) in favor of another. If you knew the one you paid or sold to well, had other business relations with them (which simply makes it suspect), or it was your son or something...it would be questioned (as well as what you did with the funds) fairly vigorously. And you can understand why.
What else can I help you with?
Would our judgment awarded by courts prior to defendants chapter 13 bankruptcy take precedent to the assets before the assets are taken in the bankruptcy?
No.
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).
Can you change a joint bank account with a parent before chapter 7 bankruptcy in ny state?
Yes you can change a joint bank account before a Chapter 7 bankruptcy. You should have your finances in order before you file a bankruptcy.
Is it possible for me to file for Chapter 7 bankruptcy before the 8-year waiting period has passed?
No, you cannot file for Chapter 7 bankruptcy before the 8-year waiting period has passed.
Does income count AFTER you file chapter 7?
A person's income does not count after filing chapter 7 bankruptcy. All that counts is what you had before filing bankruptcy.
What account is used to record the transfers of assets from a business to its stockholders is?
The dividend account is used to record transfers of assets from a business to its stockholders. It is a temporary account that closes before the end of the accounting year.
Can you file a chapter 7 bankruptcy before your divorce is finalized ca?
Yes.
Can you file a chapter 7 bankruptcy and a chapter 13 bankruptcy?
not at the same time, and you'll have to wait a certain period of time after being dismissed/discharged from one before filing the other.
How long after you have a chapter 13 bankruptcy dismissed do you have to wait before refiling?
It is 180 days before you can refile
If You Filed chapter 7 in 2002 can i refile?
Under the new Bankruptcy laws you must now wait 8 years before filing another Chapter & or Total Bankruptcy as it is better know. You may be eligible to file if eligible a Chapter 13 to structure repayment to those creditors.
How long do you have to wait to file bankruptcy again in Georgia?
If it is a Chapter 7 Bankruptcy, you have to wait 8 years before you can file it again.
What does bankruptcy do to you?
Personal bankruptcy can do two things. 1) Chapter 13 Bankruptcy, or reorganization Bankruptcy lets an individual work with their creditors to pay back debts without the threat of foreclosure or harassment. This lets someone do the right thing and pay people back. 2) Chapter 7 Bankruptcy is a more extreme step. During Chapter 7 one continues to make essential payments while paying nothing to other creditors. Next, all assets are liquidated and distributed to creditors. Bankruptcy is the really last resort and only you know whether you go to this route. I have filed bankruptcy and it worked well because of the help from the financial advices. http://freshstartsolutions.com.au/bankruptcy/ It is really important to seek an advice before making decisions.
