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Perhaps. If the filing party is on a deed for real property or joint bank account with the others that property might be "frozen" until the amount each party is entitled to is proven. It will depend on what the property is and how it is titled. If this is the issue it would be advisable to consult a bankruptcy attorney.
What else can I help you with?
What assets can be seized if you are sued?
Assets that can be seized if you are sued include money in bank accounts, real estate, vehicles, investments, and valuable personal property.
If you are not paying your creditors will you lose the money in your bank accounts in the bankruptcy?
Yes, once the bankruptcy is filed checking and savings accounts become part of the debtor's assets and the accounts will be "frozen" until the trustee determines the amount of funds that are not exempt under BK law and can be seized to pay creditors.
Can you receive a tax refund this year if you filed bankruptcy last year?
You need to discuss this with your attorney. Once you receive your tax refund, it's part of your personal assets that could be seized to pay creditors. If you file bankruptcy before you get your taxes then the government will keep your tax refund and put it towards your debt. The bankruptcy court has 1 year to go back and open your case even after your bankruptcy has been discharged. If you can prove that the money is needed/used for catching up rent or other nessacery bills they will not take it.
Who bough over crossland savings bank?
FDIC seized the bank and gave the assets to HSBC and WAMU. But I'm sure there are more banks that have some more accounts.
Can you lose your 403b from banruptcy?
In most cases, funds in a 403(b) retirement plan are protected from creditors in the event of bankruptcy, meaning they cannot be seized to pay off debts. However, this protection can vary by state and individual circumstances, so it's essential to consult a financial advisor or bankruptcy attorney for specific advice. Additionally, if you withdraw funds from your 403(b) prior to bankruptcy, those funds may no longer have the same protection.
If you have assets in your home can you be force to sell it if you file bankruptcy?
If the value of the assets greatly exceed the allowable exemptions, then yes they can be seized.
Can my assets be seized after 7 years of bankruptcy?
Yes, your assets can potentially be seized after 7 years of bankruptcy if you incur new debts or if there are any creditors with valid claims against you that arise after the bankruptcy discharge. However, assets that were protected during the bankruptcy process typically remain protected. It's important to consult with a legal professional to understand your specific situation and any applicable laws in your jurisdiction.
where can i get a small business loan, that i do not have to repay?
You can take a small business loan, but you will have to repay it or face bankruptcy and having your assets seized. Instead you can pursue a grant, which you do not have to repay.
Is your home seized when you file bankruptcy?
No
Are longterm care health insurance policies assets that can be seized in a bankruptcy?
No...they have no liquadation value. Actually, it's not an asset...but rather an expense or liability (for the amount of the contract payment).
What assets can be seized in a civil judgement?
In a civil judgement, assets that can be seized typically include bank accounts, real estate, vehicles, and personal property.
What assets can be seized if you are sued?
Assets that can be seized if you are sued include money in bank accounts, real estate, vehicles, investments, and valuable personal property.
If you are not paying your creditors will you lose the money in your bank accounts in the bankruptcy?
Yes, once the bankruptcy is filed checking and savings accounts become part of the debtor's assets and the accounts will be "frozen" until the trustee determines the amount of funds that are not exempt under BK law and can be seized to pay creditors.
What is a sentence with the word seize?
Police Seized my truck. Illegal assets must be Seized.
If a spouse files for bankruptcy will assets such as property that are in the name of the of the other spouse only be seized?
Property belonging to the bankruptcy petitioner is subject to seizure and liquidation in a chapter 7 bankruptcy unless it is designated exempt under federal or state law. Jointly owned marital property is subject to seizure depending upon the state in which the bankruptcy is filed and status of the property in question. Property only in the name of the non filing spouse cannot be seized by the bankruptcy court or attached by creditor action unless the married couple reside in a community property state (and that can sometimes be subject to appeal. Chapter 13 is a consolidation bankruptcy in which the petitioner retains all their property as long as the terms of the 13 are followed.
Does it pay to become a Florida resident when buying a home?
Yes, it could be worthwhile (assuming the home is your primary residence) you can qualify for a "homestead exemption" allowable by state law. This will reduce your property taxes considerably. In addition, Florida is one of few states which protects your primary residence from being seized in bankruptcy proceedings. In the event that you must declare bankruptcy Florida law prevents your home from being seized as an asset, thus putting you in danger of losing it.
Quick claim deeded your home in Arizona now you cannot file for bankruptcy?
Question isn't very clear -BUT- if you "quit claimed" your home prior to filing for bankruptcy, they might consider that you voluntarily divested yourself of any assets so that it couldn't be seized for satisfying your debt(s). Because of that move, they might be able to prevent your filing.
