Today I attended my bankruptcy hearing and was in awe to say the least... after sitting and watching several cases before I was called, I realized that I had indeed made the right choice in L.A.W.
Once again thanks for a job well done
Eugene S.
Client, Legal Action Workshop
Can I file for a Bankruptcy if I am about to inherit money?
An inheritance cannot be protected by a bankruptcy. The court trustee will investigate and may disqualify the bankruptcy for reasons of inheritance. The best option is to speak with a bankruptcy attorney about the need for a bankruptcy and a recent inheritance or the possibility of an inheritance. The attorney will advise as to the best way to proceed.
Can I put back property taxes in a Bankruptcy?
Property taxes can be part of a Chapter 13 Bankruptcy. In this type of bankruptcy, the property taxes that are in arrears would become part of a payment plan that would be paid out over 3 to 5 years. This would be a good solution for someone who could afford to pay the existing taxes along with a smaller fee each month for the taxes in arrears.
If I’m in arrears for the 2nd mortgage, can a Bankruptcy help me?
A Chapter 13 Bankruptcy can help with a 1st or 2nd mortgage that is in arrears. A Chapter 13 is a payment plan that distributes the arrearages over a 3 or 5 year period. This makes the repayment of arrearages much easier. Once it is determined that the client would be able to make all the necessary payments (the 1st and 2nd mortgage as well as the arrearages monthly payment) then a Chapter 13 would be a good solution. In this case, a Chapter 13 would allow the client to keep the house and not go into foreclosure.
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