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Do government veterans disability compensation payments for injuries sustained while in the military have to be disclosed when filing bankruptcy?
All sources of income/assets have to be reported. Any disability award is exempted from creditors execution. Howevcr, disability, pension, SSI, SSD, income, etc. must be on the exemption schedule to insure there will not be any confusion on not being attached by the creditor(s).
What else can I help you with?
Can the bankruptcy trustee take money for debt repayment in the six month period after bankruptcy disbursement if they receive a large Social Security Disability payment?
Typically no. There are no absolutes here. If you disclosed to the Court that you were in the process of obtaining Disability, you should have nothing to worry about. However, if you kept this info from them, I would ask the lawyer who handled your case. * No. All Social Security benefits whether disability, SSI, or regular pension benefits are exempt from bankruptcy action.
Why should an inheritance be disclosed to a trustee after the tax year has passed but before the bankruptcy is discharged?
Absolutely.
Is product liability lawsuit exempt from chapter 7 bankruptcy asset?
No, it is an asset and must be disclosed.
If your loan was approved by chapter 7 bankruptcy can the bank still deduct from your checking account?
Not enough information is disclosed about the situation in order to answer. If you have an attorney assisting you in your bankruptcy ask them.
Can you cosign for a car if you are filing for bankruptcy in the future?
If you are filing for bankruptcy, and you try to cosign -- two things can happen. 1. the lender will turn you down. 2. If the court finds out you have applied for credit the bankruptcy can be stopped. If you mean that the car and loan will be for you during or after the bankruptcy, this still has to be disclosed and again the bankruptcy can be stopped.
I filed for bankruptcy 9-2009 It was discharged in 2009 and my refund for tax year 2008 was disclosed and not touched will I get my 2009 refund?
Yes
How do you use the word disclosed in a sentence?
He disclosed the value of the antique.These matters will be disclosed.
Can i sue someone if i am in the prossess of a chapter 7 bankruptcy?
Not as a rule. If the claim was something that arose after the filing, it will depend on the nature of the claim. If the claim arose prior to filing, you must have disclosed the claim in the bankruptcy documents and the trustee may take over the claim. Consult a lawyer knowledgeable in bankruptcy.
Can you file your taxes right after you file bankruptcy?
Certainly. You should have disclosed what you expect from your tax refund in the Statement of Financial Affairs, and you have to turn the refund over to the trustee whether you disclosed it or not. Failing to disclose and failing to turn the funds over to the trustee could get you in serious trouble.
How much does tlc pay gypsy sisters?
It's not publicly disclosed how much TLC pays the cast of "Gypsy Sisters." Compensation can vary based on individual contracts and the show's success.
How are lottery or casino winnings affected after filing chapter 7 bankruptcy?
In Chapter 7 bankruptcy, any lottery or casino winnings that are received after the filing date are considered part of your post-bankruptcy estate and can be claimed by the bankruptcy trustee to pay off creditors. However, if the winnings are received before filing, they must be disclosed and could be used to settle debts. Additionally, certain exemptions may apply depending on state laws, potentially allowing you to keep a portion of the winnings. Always consult a bankruptcy attorney for personalized advice.
How do you reopen bankruptcy a Chapter 7?
To reopen a Chapter 7 bankruptcy, you must file a motion with the bankruptcy court that originally handled your case. This typically involves completing the necessary forms, paying any required fees, and providing a valid reason for reopening, such as discovering assets that were not disclosed or resolving issues related to the discharge. After filing, the court will review your request and may schedule a hearing. It's advisable to consult with a bankruptcy attorney for guidance throughout the process.
