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bankruptcy creditor questions
I am owed over $20,000 in wages by a former employer (one man operation) in Virginia that is electing Chapter 7. There are no assets to distribute. I'm going to the meeting of the creditors on February 28, but don't know what I can do when I get there. Are there specific questions I should ask? Anything I should do to prepare? Also, the notice I received was to the business name that I used when I changed from an employee to an independent contractor for this guy, Hagema...

Bankruptcy, Chapter 13: selling a house.
I try to buy a house from a seller who filed chapter 13 bankruptcy last year here in NY. (Unfortunately I discovered this fact just recently). His plan is set up for 60 months and he made payments for less than one year. Everything is prepared to close except the title company which requires a letter by the seller's trustee with his written permission to sell the house. The trustee only agrees to do this if the seller will pay off 100% of his original debts. The seller only ...

Oregon law: Back child-support
My sister has been divorced now for 2 1\2 yrs. She has 2 children ages 3 and 8. Her ex had several affairs which eventually broke up the marriage. Since the divorce he has made no effort to take part in his children's lives. I never thought he would do that to them. He fought for joint custody but I believe only to have continued control over my sister's life. He is behind in CS, has filed bankruptcy which has the creditors knocking at her door and has never paid his part of...

Help with debt and credit card consolidation What is the name of the consolidation company ?
-I'm seeking help on managing my credit card debt. Currently, I owe about 12,000 on 8 credit cards and paying interest rates between 18-29%. I'm thinking about consolidating this amount to a lower interest rate. About a week ago, I received a-$12,000 isn't all that much, in the scheme of things - less debt than you'd take on, most likely, if you bought a new car. But those interest rates are a killer. You don't give us much to go on, but you're asking for advice, so here's ...

Question about filing bankruptcy.
My husband is part owner in a general partnership company (construction). We are (personally) at a point that we need to file chapter 7 bankruptcy. He wants to incorporate his business to protect his business assets from being included in the bankruptcy. Is this possible or would it be pointless since when they got all of these assets they were just a partnership and are both personally on the contracts/notes for the equipment? He refuses to file if any of his business asset...

Is it possible for someone with a bankruptcy seven years ago to get home financing?
Is it possible for someone with a bankruptcy seven years ago to get home financing?After 7 years most bankruptcies are off your credit reports, but every circumstance is different. If I were you I wouldn't take any answer to such a serious question from a newsgroup, (with quacks like us) contact a lawyer or a credit professional. Each situation is unique. After 6-7 years the bankcrupty is not as important as what happend to your credit during the time after the bankru...

Recovering about rebuilding credit after Bankruptcy.
Looking for advice -- currently in bankruptcy. We both have good solid long term jobs, just had way too much debt to manage. What I am wondering -- has anyone out there post-bankruptcy recovered and rebuilt their credit? How? I'm despairing that we'll never again own a home or buy a car. Is it possible?To the author, as far as rebuilding a credit rating goes, first of all I would say you have to put in place whatever controls are needed to ensure you don't spiral into debt agai...

How can I buy a house a couple years after bankruptcy?
We are renting from a friendly owner who is really happy with us. She may offer to sell us the house. Can't afford it right now but maybe after intensive saving for two years, which may be do-able. What possibilitites are there if I go through bankruptcy this year? If I don't do bankruptcy, I may not be able to save any kind of down-payment. As it stands right now, this is the perfect house for us. It is a unique house in a little-known area that is a little under-valued. Th...

Debt Consolidation HOME LOANS
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Tn Bankruptcy-can it help us?
I live in TN, and want to know if bankruptcy can help us. I had a van repoed back in Jan of 2003, they sold it for $5800 less than the payoff amount, and they are now threatening a judgment against me. Several questions: 1. Can a judgment force me to pay them? 2. Can bankruptcy protect me from the judgment? 3. Will bankruptcy require that I sell my personal possessions to pay off bills? 4. Can I "give" all of my assets to my wife or kids to protect them? I rea...

The information Bankruptcy Law Credit Card
Is Congress considering any legislation to curb the greed of the credit card companies? Has it considered that the outrageous interest rates charged by credit card companies are a built-in, more-than-adequate cushion to alleviate any loss caused by discharges? Could this be another government legislative bail-out for the fat-cat credit and banking industry? Has Congress considered that the high interest rates and easy approval are probably the common cor...

Land Home loan with bankruptcy?
How difficult is it to get a decent rate on a land home deal when a bankruptcy is involved? We've been "pre-approved" for a loan through a mortgage broker, but was told that we need to get a construction loan to buy the land and get it improved before the dealer can set the home and before the permanent loan will go through. The interest rate listed on the pre-approval is 11.65% with 5 points. Is there a better deal somewhere or is that about average with a recent (about ...

Ohio law wrt marriage/debts/bankruptcy
I have a relative (not very responsible at that) who lives in Ohio. She bought a house about 2 years ago. She just got married. She is not able to sell the house due to major repairs that are needed and insufficient funds. She has declared bankruptcy once already. If she just walks away from the house what recourse does the mortgage holder have to recover costs of repair? 1. Can they go after "current assets" of the marriage; that is assets brought to the marriage by the ...

Client made off w/o paying for service
A client of mine filed bankruptcy and closed his store. He currently owes me $125.00 plus about $4.00 interest for services I rendered to him. I've emailed and called him but no contact. The only way I found out about his bankruptcy was from a person that use to work with him. Now I can't even get in touch with that person. Do I have any options for retrieving payment from this person?Upon filing bankruptcy, there is an automatic "stay" on all collection activity wi...

More problems with the Bankruptcy trustee
Isn't there anyone out there who could give me any kind of advice at all in this situation? I see people in here sharing all kinds of advice and secrets etc but I have written in here a few times now and each time I have written in here it has fallen on deaf ears? WHY? Could you at least tell me if the Trustee has the right to go to this length to hold up a refinancing? If he has the right to not fill out and sign this form when all of the other trustees here are and have...

Tax Refund After Filing Bankruptcy???
I filed for CH-7 earlier this year and I am getting ready to file my tax return. How would a refund effect my pending case if at the time I filed BK I did not know if I would get a refund?Has the BK been discharged yet?...

Any Teachers in Here From Los Angeles Unified School District .
I am a student from Los Angeles, I know you all heard that LAUSD teachers are going on strike February 27, 2001. They have a good reason which is not enough pay or something but I think they ae being kind of selfish. The more time they are out of school the more days it takes out of our summer break and the seniors graduation is postponed and people who are going into the military have to wait. I think that teachers should handle it in a more peacful way. I thought they wer...

Chapter 13 Bankruptcy .
I have done some research into bankruptcy and feel that Chapter 13 would be the way to go. While I may not be able to pay everything in full, I would pay some portion. We do not own a home, so that is not a consideration here. Now, the questions... 1. We have a number of assets that would most likely be non-exempt (such as a piano that was given to our daughter for her birthday a number of years ago, a couple of collections of items) but we would rather not sell. My understa...

Bankruptcy Lawyer: Your Final Solution When Running Out Of Options.
What is the best way to find a bussiness bankruptcy lawyer?In which exactly cases for?Before rushing to a lawyer to assist you in filing for bankruptcy, you have to make sure what is bankruptcy and what is not. Only then will you have to find a bankruptcy lawyer that you can work with in filing your case. Many people rush to file for bankruptcy thinking that it will solve their financial problems. The opposite is often true. Declaring your business to be legally bankrupt, only mea...

Impact of bad credit on obtaining Home Loans Bankruptcy?
I'm hoping some of may be able to share some of your knowledge and experiences pertaining to bad credit and obtaining home loans. First, a bit of background: In 1995, before we were married, my wife enrolled in a debt management program at Consumer Credit Counseling Services (CCCS) in San Francisco to consolidate her overwhelming debt payments at the time (she was still in college and had racked up $15k in plastic debt over the years). She was on track to pay off all balance...

Should I buy a diamond in NYC or local?Is it called "diamond district"?
I live about 2 hours from New York City and am wondering if it is better to buy a diamond from the "diamond district" or should I stay local? If the city is a good place to go, are there any recommendations? Should I pay cash or credit card? How can I know that the dealer is reputable?I read that the NY Diamond District is the worst place to buy a diamond. I recently read Fred Cuellar's book, "How to Buy a Diamond: Insider Secrets for Getting Your Money's Worth", that has a gui...

I just attempted (again!) to access the state's income tax web site. Now if you consider the intellectual level of the average Iowan as compared to that of the people in the rest of the country, and the intellectual level of the average government e
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States that use Sandardized Income Tax Calculation?
California uses a computer program to figure actual income taxes, which are then subtracted off the gross income to yield net income, after which the CS guideline formula is applied. In Delaware, they dispense with the computer and just use single with one exemption to compute the taxes, regardless of actual status. So you can look it up on a simple tax table. I don't have the time now to explain why this might be more fair, but it should be clear that the standardized calcu...

Personal income tax rates for various brackets in BC?
Personal income tax rates for various brackets in BC? Where can I find a table of current rates for all brackets, online?- this link :http://www.ey.com/GLOBAL/gcr.nsf/Canada/Tax_Welcome_Calculators_taxcalc -http://www.deloitte.ca/en/pubs/tax/QuickTax/individuals.asp http://www.bcbudget.gov.bc.ca/2000/reports/bgt2000_table_c02.htm gives rates for 2001 http://ww...

A person are renting the condo from Colorado asking about his/her landlord law.
I am renting a condo from a person in Colorado. I have recently signed a 1 year extension on my lease. The condo owner has informed me that he is selling the property and will declare bankruptcy. The landlord said that he will sell the condo I am renting as rental property, but I am concerned about how the lease terms transfer over to the new owner (when sold) and whether the new owner could evict me because he/she does not want to rent the property. I have examined the leas...

United Bankruptcy. Affect my Flight?
I have a United issued ticket for a flight on their partner, Lufthansa, from JFK-MUC in October. It is an award ticket. If the bankruptcy is announced, will I be affected in any way? What do you think? Thanks for all responses.-US Air insists that it is flying a full schedule, and that all code shares are being honored, so perhaps United will do the same. Filing Chapter 11 is not the same as being bankrupt, it's to keep you from going bankrupt, and to piss off everybod...

Removing a collection agency account from a credit report
I have two collection accounts on my credit report and they are wrecking my credit. Both are under $150 and both have been paid. However, I understand i went about paying them the incorrect way. I got no guarantee that they would remove the listings from the CR. So here I have two aacounts paid but still staying with me for 7 years. Anyone have any techniques for removing them? The original debts were because of lost mail when I moved. Is it worht just writing to the collect...

NY Bankruptcy law-keeping house
Does anyone know what the New York provisions are for keeping a house in the event of bankruptcy? Specifically, I am told that as long as payments are kept up to any mortgagees, the house can be kept by the bankrupt. But this can't be right, because otherwise one could shield untold hundreds of thousands or even millions of dollars simply by bying a house and having a small or no mortgage. There must be a maximum amount. Does anyone know it?I didn't feel like paying $500 f...

Bankruptcy Help Advice
Who can refer Bankruptcy Help Advice?I've taken over a number of cases where a debtor prepared and filed the various bankruptcy documents without the help of an attorney. Apart from the fact that the schedules generally have to be completely redone (the exemptions are usually wrong, debts are not listed, assets are not listed or are listed or valued incorrectly, the Statement of Financial Affairs is incorrect, and the budget is generally wrong), a number of these people lost th...

Bankruptcy Law Changes
Could the 'Bankruptcy Law' changes have more to do with the decline in the averages than is commonly discussed?I doubt it, Bruno, although perfectly willing to listen to your explanation of the mechanism by which you think such a result could occur. The way I see it, the rapacious procriminal anti human modifications of the Bankruptcy Law are quite positive for the criminal gangs who bought the politicians necessary to assure passage for their slavery imposing structural chang...

Debt Consolidation or Loan?
I am looking to get rid of my credit cards, I have seen many adverts for debt consolidation services, but surely these places make a profit on you, and It must do real harm to your credit rating? I was wondering if anyone could advise me whether it would be wiser to get a low interest loan (7.1% is the best I found) or go through a debt consolidator? The amount on all cards combined is about £10,000.Well, "thrill-seeker", the first step is to start spending less than your in...

Home equity loan Bankruptcy default!
I sold a home on which I had a home equity loan. The lender must not have filed the proper paperwork because it did not show up as a lien during a title search at the time of sale. Question now is since I no longer own the property, is it now considered an unsecured debt which could be discharged through bankruptcy? Or, could they do something like file a lien against my current home (did not own my current home at the time of the loan).Filed lien or not, you may have bigger ...

Question about personal loan after bankruptcy
-I live in Vancouver, BC, Canada. I have a question about a loan AFTER bankruptcy. I try to keep the person I lent money to confidential. Let's call him Alpha. So, I know Alpha for some time. On Feb 7, he asked me for money for his printing compa-I certainly can't give you legal advice (I'm not a lawyer after all), or perhaps not even sound advice, but it sounds like you are about to be screwed.... Was the loan given close to September 2005? If so, you could possibly try to ...

Chapter 13 question and having a judgement filed .
Here's the story: A few months ago, I had met with an attorney to discuss filing for Chapter 13 and it was determined that I was a definite candidate. I decided to put it on hold because I was currently paying 12% interest on my second mortgage and I ws going to attempt to get a lower rate - this was when the interest rates were dropping rapidly. While I was waiting to hear back from the bank, one of my credit card companies called me and said that they would lower my monthl...

Loan For People With Bankruptcy And Bad Credit
Over 80 Little-known Banks & Companies that offer Bad Credit Loans, Bad Credit Home Loans, Bad Credit Auto Loans, and Bad Credit Personal loans to people with Bad Credit or even a Bankruptcy. Many require absolutely NO COLLATERAL & NO CO-SIGNERS. Home ownership is not required. Over 50 Banks & Companies that offer Bad Credit Unsecured Credit Cards and Merchant Cards to people with good credit, no credit, bad credit, or even a bankruptcy. - NO SECURITY DEPOSIT. Apply Online. ...

Any information will abt Income Tax?
I am retired and I work part time writing, teaching, acting.My total income for 1996 with my deductions was not enough for me to pay any tax, but I made money from acting, teaching, writing. One place I teach gave me a W2 form and that amount went into total income,but th other places gave me a 1099 - MISC FORM and money here is immediately subject to a self employment tax. I had to pay the self employment even though my total income would not have been taxable. Are there wri...

We are actively seeking a new place to live. We have never been late on any mortgage payments except the "allegedly" crooked "equity line of credit", "secondary mortgage loan", "personal mortgage loan" (all phrases used by these #$%^&*), which befo
need some suggestions on this subject but please NO marketing attempts, just advice. As some of you may know, we want to convert our Chap. 13 to a 7. We are actively seeking a new place to live. We have never been late on any mortgage payments except the "allegedly" crooked "equity line of credit", "secondary mortgage loan", "personal mortgage loan" (all phrases used by these #$%^&*), which before we decided to file bankruptcy to strip them down we were going to sue them and o...

Receiving letters from bankruptcy Attorneys about being sued....
This past week we've rec'd several letters from bankruptcy attorneys claiming that one of our cc banks has filed suit. This is news to us, we have not yet been notified in any way by them concerning a filed lawsuit. We had stopped making payments on the account since they would not work with us on a payment schedule that fit our budget. They also were harassing us by phone at all hours. The balance is over $12K on the account and we weren't able to meet the monthly minimum w...

Bankruptcy Fees ?
I've thought hard and I want to declare myself bankrupt. The problem is that I don't have the £300 court fee to do so . I am unemployed and claiming JSA. Would I be able to get these fees waived ?How do you know he has one? He could be posting from a mates computer or a library. It seems crazy that those who truly don't have so much as a pot to piss in cannot declare themselves bankrupt because to do so costs £300 that they obviously don't have. So bankruptcy is an opti...

Bankruptcy Foreclosure
I anticipate having to foreclose on property worth between $50K and $75K. The mortgagee has said that if I foreclose he may just have to file for bankruptcy to protect his interests. He owes me $41500 and he owes overdue real estate taxes of $7K. If I go ahead and start foreclosure and he files for bankruptcy, how will that affect the foreclosure proceedings. Will I get the property returned to me if I want it, or will some installment payment plan be foisted on me and he keeps the...

Is she required to pay income taxes to the IRS on her income earned in Canada? What about Canadian income taxes?
My friend's daughter was born in the US and is now living with her family in Canada. I believe she's a Canadian citizen and will likely start working here soon (she's in her teens). Is she required to pay income taxes to the IRS on her income earned in Canada? What about Canadian income taxes?Is she required to pay income taxes to the IRS on her income earned in Canada? What about Canadian income taxes? Canada imposes income taxes on residents, so if she is working in Canada, t...

Chapter 7 bankruptcy question.
I am in a civil suit and expect to settle out of court with a large financial settlement against me. I will not be able to pay the settlment amount. Will Chapter 7 relieve me from this debt? I read somewhere that CRIMINAL debts are not relieved. However this is in CIVIL court and I am trying to settle out of court.It may become important for you to note that (and how) your statement above conflates two different kinds of obligation -- namely, whatever it was that plaintiff c...

Bankruptcy: 401k protected in Texas?
I probably will file bankruptcy in Texas after my divorce is finalized, probably mid year 2000. Right now, I have zero 401k or any other type of savings or pension. I am 41 years old, have no kids and no assets, earn $35k a year, and have $100,000 plus in credit card, car loans, and one or two judgements, each judgement over $10,000. I have an opportunity to enroll in my employer's 401k plan by the end of this week, and can contribute 0 to 16% of my pay. My employer will ...

Bankruptcy Personal Story
I have over 10,000 in credit card debt, and i have no way to pay it off. I am considering bankruptcy but I have heard horrible things about it. How fast can I start to re-build my credit. I am looking forward going to harvard, but I would like to know if a backrupcty will have any effect in me getting a student loan. (By the way most of the 10,000 is fees and interests) I would like to know of anybody who has gone through this and how hard life becomes after bankruptcy. I h...

NJ Income Tax?
I am employed in NYS but I live in NJ. Last year after calculating my returns there was an underpayment to NJ even after the credit they gave me for paying income tax to another jurisdiction. How can I deduct this amount on my 1040? It was $285 that I paid in April of 1997 for the tax year 1996. NJ does not send any forms that I would be able to attach to my 1040. I am afraid to add it to the line labeled "State and Local taxes paid" because it won't match my W2 form. Any sug...

Tax/Bankruptcy question for any lurking CPA's
I was the "proud" owner of "safe" bonds with Conseco. They then declared bankruptcy and the bonds were no more... sort of. After many months I received Conseco stock, worth, about 40% of the redemption value of the bonds. My question: I still have the stock. From a tax viewpoint, 1. can I write off the bonds as worthless, or 2. do I take the "selling" value of the bonds as the initial price of the stock, or 3, do I do nothing until I actually sell some of the stock and use t...

Debt consolidation UK
I'm looking for some advice please regarding consolidating credit card debts... I have a "few" cards with a significant amount of cash outstanding on them (circa 17k)... problem is, I've been a lil 'naughty' with the repayments of late as I've not had sufficient disposable income to settle all monthly statements as they arrive... I'm sure you know the score here, rob Peter to pay Paul one month, next month swap over, that kinda thing... Anyway, my predicament is this, I need t...

When can a federal district court filing fee be waived?
You'd think In Forma Pauperis is for prisoners only by reading 28USC Sec. 1915 Proceedings in forma pauperis ( http://www4.law.cornell.edu/uscode/html/uscode28/usc_sec_28_00001915-... ), but there's both an "In Forma Pauperis - General" and an "In Forma Pauperis - Prisoner" form under "Pro Se Forms" at http://www.nyed.uscourts.gov/General_Information/Court_Forms/ . Is there a statutory basis for waiving the filing fee for poor non-prisoners? I may "REQUEST TO PROCEED IN F...

Purchasing claims from bankruptcy estate .
Could anyone direct me to some caselaw on the effect of purchasing claims in bankruptcy, particularly the following two aspects: A and B have a contract. A breaches contract, and breach forces B into bankruptcy. C purchases B's breach claim against A for $50K. Assuming A has some counterclaims against B, may A 1) assert them against C, 2) assert them against C only by way of set-off, or 3) only assert them against B. B is in bankruptcy. B has a 1983 claim against A. Can the ...

Filing bankruptcy need help
Well The wife and I have really been thinking about it and avoiding it. But The credit card companies are hounding us and our income went from 19,000 a year to who knows how low this year.We are just paying the rent and mortgage (manufactured house) We used the cards to buy little things we always did without. it was too easy. Now of course we cannot pay them. Hell We have not really been able to pay them for 2 years. and the payments we did make did not even pay off the fee...

Federal Income Tax Question - HELP
My wife and I both claim "1" exemption on our respective W-4's. We file our return jointly. This year the % of salary which was withheld for federal income taxes was to approx. 13%. We both are in the 50-60K salary range. Last year, with similar salaries and the same W-4 exemptions, the % was closer to 20-23% withheld. We work for separate companies. It was explained to me that the reduction was due to the "Tax Break" passed earlier in the year by Congress and the Preside...

Student Loan Bankruptcy. Anybody Succeed?
Student Loan Bankruptcy. Anybody Succeed?Even if (as I am sure is so) inadvertently, and even if (as I also do not question) the present poster was able to achieve a bankruptcy discharge of a student loan in default, this -- especially the unqualified "can" and "very easily" part -- is a potentially seriously misleading statement. While it is not uncommon in some places in the country for collectors of such loans to back off if a timely and credibly factually-compelling a...

Employee moves to state with income tax.. question
Our state does not have an income tax, our company does our payroll and business taxes thru ADP. One of our employees is contemplating moving over the state line to a state with income tax. Will we have to make adjustments with ADP to withhold tax from his check or is the employee responsible for claiming taxes on his own.-If the state in which the employee is working has a withholding requirement, then you as the employer must withhold unless you receive the requisite state...

10 year averaging, Federal income tax
Can you give general rules for when 10 year averaging of a lump-sum retirement distribution is advantageous? For example, when other income is small (say $20K) and the lump-sum is large (say $500k), or when other income is large (say $100K) and the lump-sum is smaller (say $50k). I tried to use TurboTax to do "what-ifs", but for some unknown reason I can not get it to transfer information from Form 1099-R to Form 4972.-First I have to ask, are you actually eligible to use 10 year ...

Filing Bankruptcy in Virginia Chap 13 step plan
The form provided by the bankruptcy court doesn't provide for showing a planned increase in payments over the life of the plan. How does one do this and how can it be summarized? In filing a summary plan does one compute the average of payments over the life of the plan, then when the actual plan is filed, lay out detail year-by-year? I know that this is a question for my bankruptcy attorney but don't have one.I've taken over a number of cases where a debtor prepared and filed ...

Bankruptcy Law Proposed
I talked to one of creditors on the phone. He was collecting for a medical debt. He said that under the new bankruptcy law passed by congress I could no longer discharge this debt because it was involved needed medical services. He sounded convincing. However I doubt this for several reasons. For one thing what I think he is referring to the new law passed in March. That is not even signed into law yet. Even if it were signed into law most provisions of it would take six months...

I filed an incomplete financial disclosure with consumer credit counseling online about six days ago. I had too much debt.
I filed an incomplete financial disclosure with consumer credit counseling online about six days ago. I had too much debt. They never called. But I got a call back from a 'shark' consolidation firm that wanted to take me on as their project for a fee of $1,000. With no reduction in monthly payments but the interest rate would be cut in half. Looks like CCC brushed off my crummy application and gave it to someone else who wanted to nab the business. Did I miss anythi...

Question about Personal Bankruptcy In Texas
If you and your wife own a free and clear rural Texas homestead of 25 acres and a house (that a Designation of Homestead has been filed), and the county tax records show the 25 acres and house as your homestead, and you ALSO own a free and clear 50 acre track of raw timberland in another Texas county 200 miles away that is used only for growing pine timber - can you file Chapter 7 Bankruptcy & keep the entire 75 acres as exempt property after filing? Please refer to a specif...

Bankruptcy Debtor ?
How bankruptcy law benefits children ? While bipartisan bankruptcy reform legislation was being considered by Congress for nearly eight years, women and children patiently awaited long-overdue critical reforms to prevent deadbeat parents from abusing bankruptcy. Under the guise of helping Hurricane Katrina victims, however, the new law's long-time opponents opportunistically claim it is "harsh" or "mean-spirited" and seek -- as a last resort -- to delay its going into effect...

The information Bankruptcy in Kansas
How is Bankruptcy Kansas apply?While you are correct that bankruptcy is a federal practice, different states have different exemption schemes and different treatment of Chapter 13 Plans. In Maryland, for example, there is no homestead exemption and a Chapter 13 Plan must pay unsecured creditors at least 10%. Compare that with Kansas, with an unlimited homestead exemption and 0% Plans. Additionally, depending on the issue, the Courts in one circuit may treat that issue dif...

Bankruptcy information
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A few infomations about bankruptcy California Home Loan .
A few infomations about bankruptcy California Home Loan . How to find ?- I have a hunch that the problem is that you have too much equity in your house to be able to do a Chapter 7 bankruptcy and still keep the house. I you filed, the bankruptcy trustee would say you have to sell the house and use the proceeds to pa...

Bankruptcy Consolidate Loan Student Question .
I am currently in Chapter 13 and making payments to the trustee. I have scads of students loans from multiple lenders and a percentage of them are being paid through the trustee. I just applied to consolidate all my student loans with a single lender and lock in the lowest student loan interest rate ever. Question: AM I able to consolidate my student loans while in Chapter 13 or will I have to wait until I am discharged? As I said, I already applied to consolidate them but now ...

mortgage and debt consolidation loans
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Filing Backruptcy laes in ohio.
Hi, I'm in dire straits and need info on filing chapter 13 in ohio. I especially need info on what is excempt and where do you begin.At The Beach Water Park last Saturday we saw a few interesting 'planes pass overhead; it's not far from Dayton, so I do hope you didn't miss it! Maybe they were just rehearsing. Have you tried telephoning the AFB and asking? Ohio has nothing to do w/ bankruptcy... or county courts. Federal law over rules them... Bankruptcy is governed by Fed...

Can someone point me to some place on the web - or elsewhere - that explains these concepts of Income Tax Expense and calculations?
I have not been able to fully follow the calculations behind "Income Tax Expense" in the Operating Statement and "Provision for Deferred Tax Liability" in the Statement of Financial Position in my SMSF's end-of-year reports. My accountant says it is too complex for him to explain. The Income Tax Expense calculation involves concepts like tax effect accounting, permanent differences, etc. Can someone point me to some place on the web - or elsewhere - that explains these co...

Why do people use secured credit cards?
You have to tie up a minimum deposit, pay an activation charge and high yearly fee to use your own money.Pay late and there is an interest charge for using your money. Even with bad credit you can open a bank account and get a Visa check card where you are in control and there are no bills or fees. The only instance I can think of is someone who bounced so many checks that they can not even get a checking account.-I believe these show up on a credit report like a regular credit...

2002 income tax filing extension deadline?
2002 income tax filing extension deadline? I filed for an extension on my income tax this year, but nowhere did I see a deadline for filing my 2002 tax return. What is the deadline date? Can I file for another extension?- You extended the due date for your tax return for the year ended December 31, 2001, from April 15, 2002, to Aug. 15, 2002. Your return for this year, the year that will end Dec. 31, 2002, will be due Tuesday, April 15, 2003. Once the 2003 f...

Credit Score After Bancruptcy - Chapter 13.
I've checked my credit score recently, and it is 625. It will be 7 years in 6 months after I filed chapter 13 in 1997. I wonder if my credit score will be at least 700 after my bankruptcy will be erased from my credit report?While a bankruptcy listing can fall off of a credit report in as little as 7 years, in reality, they often stay on until you challenge the credit agencies. Even then, it can take reappear for 2 or 3 years as old information is re-reported to the agencies. E...

Maryland double taxation ?Income Tax
Just wanted to run this by everyone to see if I've got it right. Taxpayer is domiciled in Colorado (maintained a domicile in Colorado and returned to it after working in MD) but was a statutory resident of Maryland in 2005 (maintained a residence > 183 days). So, it appears they are residents of both states and both states will tax their entire income since they are not part-year residents of either state. However, Maryland does not allow a credit for taxes paid to...

Question regarding joint credit card/secured or unsecured Card Bankruptcy
I have a quick question. I signed on with my wife for an ATV from yamaha card. She was the main signer. I co signed. I declared bankruptcy 2 years ago. If she declares it now,can they come after me for payment? If so,will I have to pay it? I am out of work now. Also,they are calling it a secured credit card. The ATV title was in our name and had no lienholders,so we sold it 2 years ago after it was crashed and demolished. Will that go away with bankruptcy or can ...

Small Business Bankruptcy/Fraud Question
If a small corporation or propriatorship has filed for and/or received bankruptcy, then an agent of that company conducts business and collects money under the business name, is that a crime?It could be, but you would have to give more details, such as the type of bankruptcy that was granted and whether there were misrepresntations made. If a company was under CH11, for example, a company can still continue to conduct business in accordance with court orders....

What's the best way to find a bankruptcy attorney?and more details for a bankruptcy attorney.
What's the best way to find a bankruptcy attorney?Speak with a bankruptcy attorney for more details.If an attorney isn't paid in full before the Chapter 7 case is filed, any unpaid fees are considered a general unsecured debt and are discharged. Attempts to collect them could be considered a violation of the automatic stay; an attorney in Florida was fined about $40,000 for doing just this. if it's a debt to your bankruptcy attorney (which I doubt it would be because your bankrupt...

How can I buy a house a couple years after bankruptcy? More options
We are renting from a friendly owner who is really happy with us. She may offer to sell us the house. Can't afford it right now but maybe after intensive saving for two years, which may be do-able. What possibilitites are there if I go through bankruptcy this year? If I don't do bankruptcy, I may not be able to save any kind of down-payment. As it stands right now, this is the perfect house for us. It is a unique house in a little-known area that is a little under-valued...

I recieved my W-2 form this month and I noticed the part-time job did not withhold any federal income tax, although state and local income tax was withheld.
I have a full time job. I also have worked as on-call at another job throughout the last year. I recieved my W-2 form this month and I noticed the part-time job did not withhold any federal income tax, although state and local income tax was withheld. I ask why and my response was "I did not make enough to have federal income tax withheld". I have not been in this position before and I do not know if this business is telling the truth or if the business is trying to pull ...

Life After Bankruptcy - Without paying high intrest
Two years ago I went bankrupt due to a divorce. I live in the detroit, michigan metro area. I've seen in papers around my town advertizing loans for bankruptcy and re-gaining your credit status back. Now, what should I look out for and are there any hidden clauses behind these organizations? Are there banks, credit unions out there that will supply loans without paying high interest rates. Any information or leads will be appreciated. My objective is to eventually sell my cu...

Filing Chapter 13 Bankruptcy
Can an individual file a chapter 13, if he filed a chapter 7 14 months ago?I'm sure someone will correct me, but I believe that the six year bar only applies to 7 and 11 discharges. It is my understanding (perhaps mistaken) that there is no limit on the number of 13's you file (of course they each take five years to complete the plan). It is common practice to file a Chapter 7, follwed shortly thereafter by a Chapter 12 or 13 which allow for discharge of a wider variety of ...

Bankruptcy Get Mortgage
Knowledge for Bankruptcy Get Mortgage?I need some suggestions on this subject but please NO marketing attempts, just advice. As some of you may know, we want to convert our Chap. 13 to a 7. We are actively seeking a new place to live. We have never been late on any mortgage payments except the "allegedly" crooked "equity line of credit", "secondary mortgage loan", "personal mortgage loan" (all phrases used by these #$%^&*), which before we decided to file bankruptcy to strip...

Can you explain why a 'taxpayer' and a 'person' are DIFFERENT as they pertain to the Income Tax Regulations?
Can you explain why a 'taxpayer' and a 'person' are DIFFERENT as they pertain to the Income Tax Regulations? ...There is no document entitled the "Income Tax Regulations," so it would make little sense for me to try to explain anything about a document you made up. If you want to make up explanations regarding your "Income Tax Regulations," feel free..."- You mistake a desire for a purposeful argument with stupidity. As you can see no one cares to play this word parsing...

I filed for bankruptcy in California (now living in Nevada), I have a Bankruptcy Question after Debtor already Discharged
I filed for bankruptcy in California (now living in Nevada), it was heard and discharged a couple of months ago. I have a secured creditor who has now sent me a letter asking what I plan to do with the merchandise, i.e., return it or pay for it. My question is, can they legally do this after the hearing has been done, the trustee has discharged the case, and I have the discharge papers?If indeed the creditor has a secured claim, the security has survived the (Ch. 7 presumably)...

Filing Income taxes after filing for social security disability
I filed for social security disability in May of 2006 and it is currently in appeals so I have not been approved. I have not worked at all since 2005 and had no wages in 2006. How do I go about filing income tax for 2006 since I do not have any income. Please advise me if anyone can be of assistance.-I guess the appropriate question would be: How much tax do you think you'll owe on $0.00? The answer to that question should answer your question. No need to file. Providing you...

Credit Card Fraud - Please help!
I am between a rock and a hard place! An old buddy of mine who has his own independent record label asked if I could help him out with his business. He asked if I would be his CFO "Sure!" I said. I would deposit checks into a checking account and write checks to pay for studio equipment, balance the checking account, etc. To make a long story short, he told me that he would be getting corporate credit cards for the company and that he wanted for his officer of the company to...

Ask EU: Local income tax ?
There has been a lot of fuss about local income tax round these parts recently (after all, Devon is the home of the militant pensioner.....one of the reasons the house prices are so high). Does anyrat know (and I guess I am looking at the lib-demrats here) what the proposals for local income tax actually *are* (apart from, presumably, that Sylvia Hardy (the enfant terrible of council tax refusniks) won't have to pay it)? Hopefully this thread won't get too party political, because as...

Is filing IRS income tax Form 1040 voluntary?
Is filing IRS income tax Form 1040 voluntary? It's so confusing. So many web sites nowadays say income tax is voluntary like www.AllAboutFreedom.net ? Even former IRS agents are saying that it is voluntary: http://www.allaboutfreedom.net/proof_internal_revenue_service.html#USA Then there are other people saying it's not voluntary: http://evans-legal.com/dan/tpfaq.html#voluntary But then a congressional report says Filing IRS Income Tax Form 1040 is voluntary: http://www...

Finding My Bankruptcy Records
I filed bankruptcy about 20 years ago. I received a call from a collection agency for Chemical Bank today telling me I owe a huge amount of money on a visa card from about 20 years ago. This is the first I have heard from them in all that time. They said they had been sending me bills for all that time even though the address they had was about 20 years old. PROBLEM: I cannot find my records for my bankruptcy. I am sure these are a matter of public record. This bankruptcy was...

Oregon state income tax?
I work in the state of Washington and live in Oregon; therefore, I'm subject to Oregon state income tax. (There's no state inc. tax in WA) I just found out that if one lives in Washington and works in Oregon, he/she would still have to pay Oregon taxes. Does anyone know how this works or what statutes apply? What if one lived in CA and worked in OR - would this mean double state tax, or is there a special relation OR-WA?Common occurence. Most states will tax you if (1) your...

Declared bankruptcy in the US and returning to Canada
Unfortunately I had to do this and will probably be returning to Canada in the near future. Will this show up in Canada since I have a SIN number and the bankruptcy is tied to my US SSN number? Does anyone have experience in dealing with this?I do. I've worked for TD Visa, MBNA Master Card, American Express Canada and Rogers Wireless, among others. You can go bankrupt in the USA and have a perfect credit history in Canada. Isn't life great. However, if you owed money in the USA...

Bank fails to file a claim in bankruptcyIn Ohio.
I recently filed for chapter 13 bankruptcy in Ohio. I had 2 motorcycles financed with the same bank. One of them was to be surrendered and the other one paid through bankruptcy. It has been over ninety days since the meeting of the creditors and the bank hasn't filed a claim for either of them. My bankruptcy handbook states that creditors only ninety days to file a claim. Out of $34,000 I listed in bankruptcy, the total of the claims filed was $11,000, go figure. I'm i...

Can anyone recommend an intensive training course (online or offline) that will cover the ins and outs of tax preparation??
Can anyone recommend an intensive training course (online or offline) that will cover the ins and outs of tax preparation?? Hoping to start my own tax advisory service and I'm only interested in material that teaches me the practicalities and nuances of filing returns - as opposed to high level explanations of tax law and theory. I live in NY so anything relevant to local state taxes is also a plus.H&R Block offers a very good. comprehensive "basic tax" course. It runs 66 class...

Bankruptcy Record Online
Are Bankruptcy records available online?"B"'s Claims are false. In the future you should use more reliable sources then a tripod website. I will now point out some of the reasons why I believe that High Priest Gilmore did not file for bankruptcy and why these claims are complete lies. 1. There is no 54685 Roundtree PL in Concord, CA. The numbers on that street do not go that high. (Source:Yahoo! Maps, Mapquest.com) 2. Bankruptcy records are available online. a service pr...

Bankruptcy:To file or not to file
With the new Bankruptcy reforms around the corner which will be more difficult to declare bankruptcy if they pass the laws:Question:1)Do you think is a good idea not to file and have a fresh start in a different country like Australia for example?Thanks ST.That's a very personal decision. I think that most of my clients would prefer to file than to become an expatriate. And these days, there's no guarantee that creditors won't find you in Australia. I've filed for people in Eng...

Oregon income tax question regarding refunds ?
Oregon income tax question regarding refunds ? This is an Oregon state income tax question: In Oregon, for tax puposes, ones income is computed by using the amount from the Federal 1040, line 33. To this certain amounts are added or deducted according to Oregon's various tax rules. One problem with this is that the federal amount includes ones state income tax refund (for those who itemize). So, Oregon essentially imposes a tax on its own refund. Is there a way to deduct t...

Seeking advice on personal bankruptcy?
I would like some advice & info from someone who has experienced personal bankruptcy in New york city. Specificly regarding the choice of a lawyer. What happens to your IRA & Pension Fund can they seize that? But any kind of information will be grately appreciated. Thank you very much to whom ever can help.don't have a referral for you, and I can't say whether your pension fund or IRA are exempt because it depends on state law and on the details of the pension/IRA. What I ca...

Question about Filing Bankruptcy NY?
My wife in mulling a bankruptcy filing in NY ( total of $45,000 in credit card and car loan debt). She racked up these balances prior to our wedding last year. My credit is excellent, and the house is in my name. We do not have any joint financial accounts (although we do file a joint tax return). In the event of a bankruptcy, can her creditors come after me? Also, she has a lawsuit stemming from an earlier car accident pending in the legal system. Assuming she files bankrup...

Can anyone give share experiences with credit counseling vs bankruptcy .
Can anyone give share experiences with credit counseling vs bankruptcy ?-In general, credit counseling firms can reduce the total of your payments by an average 5-10%. For most people, this is not enough to have a significant impact on their finances. And we have seen negative amortization in some cases. I have never...

50% of Houston scientologist file bankruptcy More options
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somequestions about bankruptcy & Student Loans in uk
had student loan's approx 5 Years ago. Once leaving Uni I was unemployed, then I worked round the country, I have now settled & registered on the Electoral Register. The Debt collectors are now demanding stupid amounts of cash from me, I cant afford it. (heads in the sand - I know this does'nt help) I live with my partner whom owns the house we live in, the only thing in my name is my car (which it aint worth much) & my bank account (not much in it). If I claim bankruptcy...

mortgage and debt consolidation loans ?
Looking for mortgage and debt consolidation loans ?I just joined PeoplesLoan.com, a second generation online financial services, that offers the best mortgage and debt consolidation loans through its eFranchise members. The eFranchise program gives me my own e-business site to offer their low cost loans to people I know. I joined their eFranchise program to save my friends money and get paid for it too. You can search and apply for loans from thousands of the programs that m...

Finding My Bankruptcy Records
I filed bankruptcy about 20 years ago. I received a call from a collection agency for Chemical Bank today telling me I owe a huge amount of money on a visa card from about 20 years ago. This is the first I have heard from them in all that time. They said they had been sending me bills for all that time even though the address they had was about 20 years old. PROBLEM: I cannot find my records for my bankruptcy. I am sure these are a matter of public record. This bankrup...

Deducting sales tax to reduce state income taxes
I've seen the following idea bandied about. TaxCut even suggested it: Let's say you live in NY state. You're doing your federal return, and you're deciding if you want to deduct 15k of state & local income tax or 5k of state and local sales tax. Well, normally you'd deduct the income tax (since it's a greater number), but let's say that you're subject to the AMT. So the argument for deducting *sales* tax instead goes like this: 1. Since neither deduction matters for th...

NJ state tax not deducted from wages. ?
My employer is based in NH. He did not deduct any State tax from my wages for 2005. In W2 box 15 (employer state) is empty box 16 (wages and tips) is also empty I reside in NJ How do I handle this? How do I calculate state tax for NJ? 1. Do I consider federal wages for calculating NJ tax? 2. Is my W2 incorrect in showing box 15 and 16 empty? 3. Can I ask my employer start deducting NJ taxes although he is based in NH. 4. What about NJ SDI (State Disability Insurance) a...

Bankruptcy Exemption question
18 months ago I accepted a job here in Kentucky and moved from San Diego. About 6 months ago I ran into some legal problems and due to the stipulations in my contract I was terminated from the company. Due to losing my job, I went from an income of about 50k to my retirement income (from the Military) of about 12k. Because of ongoing legal entanglements I have been unable to secure another job (and may not be able to until the legal problems are resolved). I currently owe about...

How To File Bankruptcy with new laws?
I have 15,000 in credit card debt with new laws, I have a personal loan mother cosign i have no problem paying on that. education loan of 8,000 i will pay for life but the montly payment doesn't kill me. The credit cards do my minimum payments are around 350 a month just on my cards. I have been making minimums but am getting nowhere, only to have them jack my interest rates and minimum payments. The c.c. are killing me and with bankruptcy reform am i able? Shoul...

Will they actually put people in prison for their debts under this new bankruptcy law?
I heard the law change was basically bringing back debtor's prison. Will they actually put people in prison for their debts under this new bankruptcy law?- The new law comes very close to effectively repealing former bankruptcy laws protections for individual debtors. As such and on its own terms, its a pretty terrible give-away to credit card industry and related financial debt providers who most...

new bankruptcy law: when take effect?
The bill you're referring to was *not* passed into law (thank heavens). Different versions were passed by the House and Senate, and the Conference bill was passed by the House but not be the Senate. The credit card companies (which paid $40 million in "contributions" and lobbying expenses for the bill) got too greedy and the bill didn't make it to the Senate floor for a vote. It was reintroduced in this session, and should be considered again. It's one of the worst anti-cons...

Tax estimator problem - M99?
Tax estimator problem - M99? I am looking over my tax situation in the "Tax Estimator" using Money 99 and it seems one of the numbers in particular doesn't match what I expect. The line in question is "Real Estate and Other Tax" on the "deductions" tab. It shows a value in excess (by over $1,000) of the transactions for the previous year in the categories: - property tax - excise tax - car registration - state income tax Does anybody ...

Debt Consolidation, Good or Evil?
Debt Consolidation, Good or Evil? Nobody is ever alone. Thousands are caught in the debt trap each year. Many approach debt consolidation companies, but such companies should be handled with care. Statistics show that the average American currently has thousands of dollars of unsecured debt. Credit cards and loans are abundant, losses with few or no assets to show for it are frequent. To read the full text of this article, go to: http://www.contactomagazine.com/debtconsolid...

bankruptcy / credit report
I declared bankruptcy in 2002. I kept one vehicle loan for a car that I had bought prior to the bankruptcy, without any official re-affirmation (as advised by my attorney) and I paid off the loan in full a year ago. However, all the credit reporting agencies are reporting this loan as "included in bankruptcy" and puts a nice ding in my otherwise recovering credit. I've disputed it and it was confirmed. I called the bank and they said it should NOT be listed that way, but the credit ...

To invite Bankruptcy Law Firm....Good Idea or not?
Where can i find Bankruptcy Law?There are two Board-certified consumer bankruptcy attorneys in Phoenix. Either should be knowledgable, though I don't know them personally. Madeleine C. Wanslee Gust Rosenfeld, P.L.C. (39, 3) 201 East Washington Suite 800 Phoenix, AZ 85004-2327 (602) 257-7422; Fax: (602) 254-4878 mwans...@gustlaw.com J.D., Gonzaga University School of Law - 1988 Bar Licenses: Arizona 1989 Date Initially Certified in Consumer Bankruptcy Law: O...

Filing Bankruptcy questions (florida) need some serious help
I am planning on visiting a local bankruptcy lawyer in a few days to discuss filing for bankruptcy, but beforehand I have some concerns on what I should say and not say... My current debt is as follows: MBNA = 2600 Providian = 3200 Amex (blue) = 1500 ITT (school loan) = 1200 Capital One = 600 Apartment = not sure, haven't received any documents.. but I'm sure at least a grand (I couldn't pay the last month I lived there so I quietly moved out) I was technically evicted...

Credit card after bankruptcy .
Is this a normal thing. I took bankruptcy over a year ago. It was on 14 credit cards and was over $60,000.00. One of them was Capital One. Before I had my meeting, Capital one sent my lawyer a letter saying they would reduce my balance to $500.00 and I could keep my unsecured card at 12%. I didn't take them up on the offer and their card was discharged in my bankruptcy. After the bankruptcy, Capital one started sending me applications with a $59.00 annual fee and other charg...

Federal Income Tax Laws -- Is Dale a scammer ???
Federal Income Tax Laws -- Is Dale a scammer ??? I have information I'd like to test upon your statement.- 1. Well, then Dale you can show how you have not paid any taxes because they are wrong and you are right, 2. but I suspect you pay your taxes and file your return every year before April 15th. 3. You would not have the balls to tak...

A few bankruptcy Cons Personal Pro informations.
Can anyone here explain to me a little more about the combination bankruptcy filing called chapter 20? I know the basis of the idea, file a ch 13, then follow up w/ a ch 7, but what does this acheive, is it a legal loophole, and what are the pro's & cons of it? I am in the process of filing a ch13, and asked my attorney about it & she looked at me funny & didnt really want to get into it.Just the opposite--it's a Chapter 7 followed by a Chapter 13. The Chapter 7 discharges t...

Schedule A Income Tax or Sales Tax Florida ?
My parents live in Florida and, accordingly, paid no state income tax since there is no such tax. They do pay the Florida Intangible Tax on much of their investment assets. Can I deduct BOTH the sales tax amount (as per the table since they didn't keep records and made no big-ticket purchases with big sales taxes) AND the Intangible Tax? Or does the Intangible Tax count as an "income tax"? I could put the Intangible Tax on Schedule A, Line 8 and still put the sales tax on L...

Bankuptcy Filings
Did the new bankruptcy law pass yet? There was talk of accelerating filing, because the new law is stricter about qualifying for full discharge.As I remember it passed but hasn't gone into effect yet; there's a reference to it in the url that blash posted in response to my query for a source. They noted that some filing is doubtless a response to the new law. Still, people in healthy financial situations don't file personal bankruptcy just because it's on sale....

I am going to visit Lake District in the UK for the first time - I am wondering where is the best place to stay for its beauty?
I am going to visit Lake District in the UK for the first time - I am wondering where is the best place to stay for its beauty? Is Lake Windermere too "touristy"? I'm trying to stay in a place where it is good for its value and yet with fantastic scenery!-Glenridding at the foot of Kirkstone Pass at the southern end of Ullswater is ine of my favourite spots. http://www.bbc.co.uk/cumbria/webcams/glenridding.shtml -this must depend on how you intend to travel a) to get there ...

Help! Which is best BANKRUPTCY form book?
I wish to shift my Houston practice to Bankruptcy cases. Any advice for a good, inexpensive, form book or computer program? Which texts or guides are must have? Any advice would be greatly appreciated.There is some stuff in the Compuserve LAWSIG Forum library, including some bankruptcy form-makers that work with various word processors; some free and some not so free (i.e. shareware). Texas is a good state for bankruptcy practice (I write on cross-border bankruptcy matters), bu...

Bankruptcy card credit debt free - a high stand of information
How to find bankruptcy Card Credit Debt Free informations ?When you're seeking information about bankruptcy card credit debt free the results can seem extremely overwhelming. But relax, because we've sifted through all the bankruptcy card credit debt free web sites we could find and have discovered the finest ones that will produce the results you want, and how you want them. We know how crucial good results are when you're searching for bankruptcy card credit debt free. Some Internet sites a...

Estimated U.S. Income Tax Payment Jumped $2000 in 2004 Deluxe
When I upgraded to Microsoft Money 2004 Deluxe from 2003 Deluxe, the estimated amount I will owe in 2004 U.S. Income Tax jumped over $2000. In the Tax-deferred Retirement Plan Contributions category of the Adjustments section, pre-tax transfers to retirement accounts are to longer being estimated correctly, but are instead now being arbitrarly set to zero. Also, Section 125 Health contributions are no longer accounded for. This all worked in the 2003 version of Money. Are there...

Easy walks in Peak District ?
Hope this is appropriate for this NG. I am spending this weekend in Stockport and had a vague notion that I could do some walking in the Peak District. Anybody able to recommend a nice short walk out with preferably a pub lunch on route ? Am more of an ambler than a serious walker so nothing too strenuous please! Thanks for any help. Ideas for day out in any other nearby area also considered. Have previously been to Haworth, any nice walks around there ?-You could always try th...

The informations bankruptcy in NC
Who can say about Bankruptcy In NC?I do bankruptcy law, but am registered in Massachusetts and the Eastern District of Tennessee. The federal law is the same everywhere, but local stylistic changes and state property protection statutes vary. Most sole proprietors can file under Chapter 13 as well as chapter 11, but Chapter 13 is frequently more favorable to individuals. If you have a more specific question, I'll take a shot at it. I will be in Chattanooga most of this we...

Pennsylvania law question,Please let me know
A friend was a victim of police brutality some years ago, he would like to know what the statute of limitations would be for a case such as this? Please let me know- It varies from state to state. If you indicate in which state these events happened in, someone may be able to give you the appropriate limitation time - The statute of limitations in Pennsylvania for civil rights violations is two years....

Service by first-class mail legal in Ohio? Lakewood contracts with the Regional Income Tax Agency to administer its municipal tax
In 2000 I moved from Lakewood, Ohio, to New York; by 2001 I had no more financial affairs in Ohio. Lakewood contracts with the Regional Income Tax Agency to administer its municipal tax. Because RITA ignored my letters of explanation, I received a subpoena duces tecum from Lakewood, via ordinary first-class mail, ordering me to bring all records of my 2001 income subject to municipal income tax. (Yes, I filed my 2000 municipal tax return on time.) This is really a hypothetical, b...

Overseas assets safe after US bankruptcy ?
Overseas assets safe after US bankruptcy ? Hi, I've gotten over my head with credit card debt in the US after living here for many years. I am a permanent resident, originally from the UK and I am thinking of filing bankrupt in the US and afterwards returning back to the family home in the UK for a few years. I'm worried if filing bankrupt in the US would expose my UK home to the US creditors and further complicate life. They don't know about the home, but are they likely to...

New Bankruptcy law?
I talked to one of creditors on the phone. He was collecting for a medical debt. He said that under the new bankruptcy law passed by congress I could no longer discharge this debt because it was involved needed medical services. He sounded convincing. However I doubt this for several reasons. For one thing what I think he is referring to the new law passed in March. That is not even signed into law yet. Even if it were signed into law most provisions of it would take six months...

EFC, grants, and loans?
I recently got married (may 2000). My college told me to wait and file my FAFSA until after i was married, so i could be considered an independent student. I did. So today, i get my loan approval from my college, for a mere $5900 a year. This is almost the exact same amount i got while considered a dependent student of my parents. Their income on my FAFSA was almost 90K. However, my spouse and i gross a mere 35K. So how the heck does PHEAA, and the Federal government come up w/...

Bankruptcy Law Changes
Could the 'Bankruptcy Law' changes have more to do with the decline in the averages than is commonly discussed?I doubt it, Bruno, although perfectly willing to listen to your explanation of the mechanism by which you think such a result could occur. The way I see it, the rapacious procriminal anti human modifications of the Bankruptcy Law are quite positive for the criminal gangs who bought the politicians necessary to assure passage for their slavery imposing structural chang...

Cancellation of debt/bankruptcy .
Taxpayer has basis in equipment of $6000. Debt owed on the equipment is $32,000. November of 2001 the bank takes the equipment (FMV of $50,000) for the loan, issues a 1099 cancellation of debt for the year 2001. In March of 2002 taxpayer declares bankruptcy. I know cancellation of debt is not income when a taxpayer is insolvent or bankrupt, but how do I report this on the return? Is the $6,000 basis a loss without recognizing the $32,000, thus resulting in loss of tax att...

The different between The United States District Court and United States court?
How about the different between The United States District Court and United States court?The United States District Court is not a true United States court established under Article III of the Constitution to administer the judicial power of the United States therein conveyed. It is created by virtue of the sovereign congressional faculty, granted under Article IV, Section 3, of that instrument, of making all needful rules and regulations r...

looking into bankruptcy is to get the latest version of the Nolo Press book on personal bankruptcy.
I have put off for almost 3 years from going bankrupt. I live about 75 miles north of Sacramento, and want to do this a cheap as possible. I know that it is stealing,and that is what I put it off so long. It isn't that much maybe 13,000 dollars, but we don't have it and probably won't have it. Can anybody make suggestions, even mistakes that you have made?If you decide to declare, it's very important to waste no time. Bankruptcy law is soon to change and when it does, your credito...

marginal state income tax rate for part-year residents?
marginal state income tax rate for part-year residents? My wife lived in New York for about half of 2004 and earned about $25 K. She lived in another state for the rest of the year, and I did not reside in NY or work in NY during the year. Her marginal income tax rate in NY would be low, based on only her NY income, but it would be much higher if based on our joint income for the whole year. What determines one's marginal state income tax rate -- the income in that state,...

How to find Bankruptcy Business Reorganization Small infomation ?
Here is a legal question(regarding the Bankruptcy) need your suggestion. Company AA is in Chapter 11 reorganization right now, because it cannot pay back to the creditors, Company AA plan to apply bankruptcy and close. But the company AA's major secured creditor will get all AA's Asset (Technology, Patent, Contract), and start another new company BB. BB will come back to hire some of the AA's key people, and continue to the the same business as AA's, certainly under the name...

Are companies like the one listed below a trustful and good alternative to Bankruptcy?
Are companies like the one listed below a trustful and good alternative to Bankruptcy?You pay money for their services and you get your unsecured debts settled. However, the bankruptcy courts are filled with people who went with options like these only to end up paying these people and the creditors for, essentially, nothing as the bankruptcy discharges the debt. I would suggest looking at your financial situation and then deciding if it's worth it. If you are deeply in debt, b...

Bankruptcy nuances in Oklahoma
I was asked a question the other day I didn't know how to answer, hoping you can assist. In Oklahoma, if someone has ZERO assets aside from a 12 yr old car with 200K miles (!), how does one know if that property is "exempt" from a chapter 7 bankruptcy? I noted a whole lot of discrepancy regarding websites listing "blue book" value vs "actual likely selling price" value, on top of that.- not being a lawyer, I can't provide this information with 100% accuracy. I had a friend file...

Has the new Bankruptcy law for consumers kicked in yet?
I just finished paying all my bills for July and it will be difficult to have enough for food this month, unless I hit the lottery. LOL! I don't want to file bankruptcy, but it may be my only choice- as I am on disability retirement. Does anyone know when the new bill is scheduled to become law? Trying to hold on--as long as possible!For some people to hold off anticipating legislation is not the best idea. If people are in dire straits, now is the time to file. Both version...

Saying about Bankruptcy Mortgage Loan
As some of you may know, we want to convert our Chap. 13 to a 7. We are actively seeking a new place to live. We have never been late on any mortgage payments except the "allegedly" crooked "equity line of credit", "secondary mortgage loan", "personal mortgage loan" (all phrases used by these #$%^&*), which before we decided to file bankruptcy to strip them down we were going to sue them and our lawyer at the time told us to stop all payments to these "alleged" #$^&*. Even...

REFINANCING A HOME AFTER BANKRUPTCY?
I puchased a new mobile home last year. With all the debt i had i could only get a variable rate mortgage. Bankruptcy should be discharged in another month. Could i be able to refinance in the future for a lower rate with all my debt gone? I know im probably dreaming.you can refinance. The interest rate you will get depends on a host of factors, including the lender, how much time has passed since your discharge, and what your credit is after the discharge. You may want to spea...

What if there had never been income tax witholding in the US?
What if there had never been income tax witholding in the US?-Perhaps they may have passed an income tax without some level of withholding that could have proceeded to the 1950s. Or at least until WWII. Under those scenarios, you would have had a much more widespread level at which people would have mis...

Should Corporate Bankruptcy Law Be Changed?
Specifically, should shareholders be left holding the bag in a corporate bankruptcy filing, as it appears Worldcom's current shareholders will be. That company's current bondholders want to take "possession" of what the current shareholder's have now. Any long-term observer of the market, in this newsgroup, cannot deny what will occur shortly - a pre-packaged bankruptcy filing, a "Thanks for the Memories" ballad, sung in unison by the current bondholding group to the current shar...

the Question about Mass Bankruptcy Law?
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Southern New York Cast?
Is there anyone out there who'd be willing to help start a Southern New York Rocky Cast (Rockland/Westchester County)? I've been in a couple casts in Rhode Island and New England and unfortunately can't make the drive every week to get to either the Madison or New York City shows. I'm willing to shoulder a lot of the grunt work of getting a theater up and running, advertising and organizing the shows, but I need to know if they are people around who'd help out and want to join....

How would a person go about repairing their credit rating after bankruptcy?
How would a person go about repairing their credit rating after bankruptcy? A friend of mine went bankrupt in Nov 2003, and was discharged June 2004. S/He wants to know what steps to take to repair his/her rating. S/He's not interested in things like mortgages, but would like things such as a mobile telephone contract. S/He's got their credit report, what else do they need to do?Get a Capital One credit card and make payments on time each month It's a FAQ, see http://group...

Unearned income as sole income - tax rate?
Unearned income as sole income - tax rate? I am planning to quit my present job when I am forty (I am thirty-five now) to take up writing full-time. I will be living in my (paid-off) house and will only have the income from an index fund investment until the writing brings some money in (which it might never do.) I estimate that I will be getting about seven thousand dollars a year in income from the investments. Possibly a little less, not likely for it to be much more. ...

Bush to sign bankruptcy legislation
I worked in collections for 7 years. The debtors who filed bankruptcy back then had *no way* to pay back the debts. What makes Bush think it is any different today?Supposedly the credit card companies were the ones pushing for this legislation, claiming that a lot of people were filing bankruptcy after running up massive bills intentionally. In all the years I was in collections, I only had one (maybe two) cases like this. It was a situation of two people getting divorced and t...

Refinancing Mortgage after discharge
I had my 341 meeting on July 8. Just like Brett keeps saying, no one showed up. The trustee found my Chapter 7 case to be an "Asset" case because I have some equity in a couple of properties. He has offered to let me keep my house if I can come up with $21,000. My attorney is trying to negotiate this down a little and the Trustee has actually offered "terms" allowing me to pay 1/2 up front and the rest over the next 12 months. My question is this - Are there lenders that will c...

Bankruptcy Debt Personal information.
I am a partner of a small company and due to a down turn in business I was forced to file bankruptcy. At the time of my discharge the company had 3 partners and 180K in debt. Since 60K of that debt was only personally guaranteed by me it was forgiven. Is that the same as far as the partnership is concerned as paying my share? The reason is I have left the company but remain a stock holder(33.3%) and they are using 100% of the profit to pay down the remaining 120K, shouldn't I g...

Free Interactive Federal Bankruptcy Forms--Northern District of California. ?
Does anyone know a website that has free interactive PDF forms for Fed. Bankruptcy Court, Northern District of Cally?-The Northern District's website links to the Official forms, but they are not fillable. http://www.uscourts.gov/bkforms/bankruptcy_forms.html#official The two suggestions I can think of are either cut and past the official forms into your wor...

I need some advice to help us get out of credit card debt.
I need some advice to help us get out of credit card debt. We took out a large loan last year to do some work on our house. And we are able to pay over the minimum amount but the interest eats up most of that, and we can not put more that a few dollars in savings. Would it be a good idea to take out a bill consolidation loan?-First thing is to put the credit cards away or cut them up till you get out of debt. A bill consolidation load would then be a good idea as long as the in...

i need some information about Jordan School District. Who can help me?
i need some information about Jordan School District. Who can help me?> 1. Name/Location/Size of school district? Jordan School District is the largest of Utah's 40 school districts with a 1999-2000 fall enrollment of 73,093. The district covers approximately 250 square miles in the southern half of Salt Lake County extending from the Wasatch Mountain range on the east to the Oquirrh range on the west. The District's borders encompass eight municipalities and unincorporated areas...

Looking for Chapter 7 forms that can be completed online filed and printed .
-Is there anyplace on the internet where Chapter 7 Bankruptcy forms can be found and "completed" and then printed. I am aware of http://www.uscourts.gov/bkforms/bankruptcy_forms.html but these forms cannot be filled out online. Better yet, any-A lot of the Southern District's forms are available in fillable .pdf and WordPerfect. I'm not sure if the petition package is, though. But it's in a .zip file so you'll have to experiment At that point it's uploading .pdfs to the CM...

The helping form Bankruptcy Lawyer Illinois
Question: very new to this so in need to some advise, my parents are up to their necks in CC bills, over 75g's. they own a house worth 120-130 and still owe about 30 thousand, will they be able to file c7 or not cause they have too much in the house.I Am Not A Lawyer... but... 1. Convince them to see a lawyer if they're contemplating bankruptcy. Having said that 2. Unless they live in a state with a GENEROUS homestead exemption (which I believe Illinoi...

Continuing bad credit report after bankruptcy - legit?
Our chapter 7 bankruptcy was discharged last March. As of January of this year one of the discharged accounts is still currently being reported as over 120 days late, which appears to be negatively impacting our attempts to rebuild our credit. On a different part of the credit report it appears that this lender marked the debt as a charge off through bankruptcy, but it's still showing a new update from January from that lender stating the "over 120 days late" and the amount ...

US-Canada bankruptcy Law.
I am a Canadian citizen. I was a temporary (TN1) worker in the U.S. (New Jersey) for the past couple of years. I left the U.S. in May 2002 to return to Canada, but my apartment lease expires in January 2003. There's a growing debt there (over $12k USD) that I don't have the funds to pay. I'm interested in what's the worst case scenario here, if the landlord and I can't come to a compromise. - Can they (the landlord's corporation) enforce a judgement against me in Canada? ...

Federal income tax what is a dependant? Who can be a considered a dependant on the federal tax form?
Federal income tax what is a dependant? Who can be a considered a dependant on the federal tax form? Is there a URL that explains it all? Also even if someone qualifies for that status and the person that is their provider does not use them on their tax form as a dependent does that mean that that dependant cannot take the standard deduction?Question: Federal income tax what is a dependant? Who can be a considered a dependant on the federal tax form? Is there a URL that exp...

Low Income Housing Tax Credit
Low Income Housing Tax Credit ? Is their merit in investing in low income housing in order to benefit from the tax credits? A $10,000 investment can yeild a $1300 tax credit per year for 10 years. I'm told not to count on seeing my principal back after the holding period because the properties will probably be worthless. Any advice?-Many of these properties have rent controls. One desirable aspect to rental property is that the investor can hike rents to offset inflation. But ...

Home Loan For People After Bankruptcy...Need Advise!
Just to give you a little detail about myself. I am 25 years old. I accumlated some debt while I was in school and couldn't handle the payment anymore so I filed for bankruptcy back in June of 2002. It has been almost 3 years now. Since then, I have been in a stable job making around 60k a year. I am single with no kids. Here are my expensive that I have which isn't much. 1. rent with utilites is 700 2. 10k student loan with a 180/month plan. 3. Insurance 150/month Tha...

NC Income Tax ?
NC Income Tax ? My information is that only the first $5,000 of a pension from a "foreign" govt entity is not taxable. These types of details should be checked by everyone individually.-Recently talked with a military retiree who said his entire pension was exempt from NC income tax. My understanding that this is true of all government pension income. But you have the best suggestion. If exempt status is an important fact...

Somw infomations about Bankruptcy Law in Kansas?
Names we know all too well. These are just a few of the biggie companies that have slid into bankruptcy over the past 12 months. And I'll bet you your last dollar that between the time I write this article and the time you read it, we can add another big name to the list...says Ray Warner, a professor at the University of Missouri at Kansas City Law School. "You're now seeing some very large examples, which is different than in the past. What we're really seeing is bankruptcies...

What should I do about my credit card debt?? help!
My wife and I are considering buying a new home, but we have about $19,000 in credit card debt right now. We have a yearly income of around $90,000, and consequently could afford to pay off this debt. We also have about $10,000 that we could immediately put toward bringing this debt down. My question is, what would make more sense...getting a debt consolidation loan, taking the 10k and paying off half the bills and making regular payments from then on, getting a "home improv...

Need Help with personal loan AFTER bankruptcy
I live in Vancouver, BC, Canada. I have a question about a loan AFTER bankruptcy. I try to keep the person I lent money to confidential. Let's call him Alpha. So, I know Alpha for some time. On Feb 7, he asked me for money for his printing company. He said he needs to put up some money for his printing project. I said "I personally don't know you very well" and "Have you tried the bank?". He replied "I have my line of credit max out". He promised a high return on investment. He...

Calculating monthly income after taxes?
I'm trying to figure out what my annual income would have to be to net a certain monthly income. I know that it's difficult to be exact but is this correct? anticipated total income - anticipated ded. and exemption = taxable income $3,600 paid in taxes on first $24,000 28% paid on any income between $25,000 and $58,000 = taxes salary - taxes/12 = approximate monthly income Am I forgetting something?You really need to get a copy of the 1040. If you want to use 1997 figures...

New bankruptcy law imposes more burdens in Mississippi. Can you help me?
New bankruptcy law imposes more burdens in Mississippi. Can you help me?- WASHINGTON - Hurricane Katrina survivors whose finances are in shambles may not qualify for federal bankruptcy protection once a new law with tough eligibility restrictions takes effect Oct. 17. And anyone who intends to file before the new sta...

Consolidate your debts without a credit check
...

Really Bad Credit and Personal Loans
Ok so i am a college student with really bad credit. I filed bankruptcy last year, (will be 1 yr on July 13th), and i have one credit card that is open, in goodstanding, and current. My problem is this. I got an offer to go down to a fair to meet a rep for a job interview. It has been my dream to work with this company but i dont have the money to make it down to the interview. I live in NY and the interview is in NC. I really need to take out a loan so that i can get down t...

If i have no assets, do those "do it yourself" bankruptcy kits for chapter 7 work OK?
If i have no assets, do those "do it yourself" bankruptcy kits for chapter 7 work OK? If not what mistakes are/can commonly be made when using them. what are their flaws? If they work, any suggestions on which ones are the best?I've taken over a number of cases where a debtor prepared and filed the various bankruptcy documents without the help of an attorney. Apart from the fact that the schedules generally have to be completely redone (the exemptions are usually wrong, deb...

The matter Bankruptcy Home Loan
Financial problems? Bankruptcy?Assuming the $100,000 includes their home mortgage, the figure seems low, if anything, to me. My guess is that the bankruptcy has something to do with their restaurant which, I believe, they sold two or three years ago. I doubt most secured creditors would be too concerned about something like that on a credit history. IIRC, Scott is a big golfer, which certainly explains part of the interest in a country club membership. But I would think he coul...

CAN I FILE BANKRUPTCY ONLINE ?
can i file a Chapter 7 Bankruptcy Online ? How much will it cost me? I Live in Pensylvaina . -Can an individual file a chapter 7 bankruptcy online. Is there any requirement to submit anything in hardcopy with a signature.-Usually online attorneys can file online. i would recommend talking to an atttorney and not a bankruptcy mill. -For an attorney to file bankruptcy for you, he or she must be admitted to practice in your state's courts. I seriously doubt that "go...

I need your advice about Oregon law
I've been reading this group for a few weeks now for advice for my sister. She has been divorced now for 2 1\2 yrs. She has 2 children ages 3 and 8. Her ex had several affairs which eventually broke up the marriage. Since the divorce he has made no effort to take part in his children's lives. I never thought he would do that to them. He fought for joint custody but I believe only to have continued control over my sister's life. He is behind in CS, has filed bankruptcy which...

Clark County School District's Carlos Garcia is a Crook.
What is Clark County School District?Clark County School District purchases of books and other products from Superintendent Carlos Garcia's future employer have multiplied in recent years. Between 2003 and 2004, textbook district purchases from the McGraw-Hill Cos. jumped almost 39 percent, from $2.2 million to $3.1 million, according to district records. The value of other products the company provides the district increased at an even faster pace during that period, rising...

Is filing IRS income tax Form 1040 voluntary?
Is filing IRS income tax Form 1040 voluntary? Is filing IRS income tax Form 1040 voluntary? It's so confusing. So many web sites nowadays say income tax is voluntary like www.AllAboutFreedom.net ? Even former IRS agents are saying that it is voluntary: http://www.allaboutfreedom.net/proof_internal_revenue_service.html#USA Then there are other people saying it's not voluntary: http://evans-legal.com/dan/tpfaq.html#voluntary But then a congressional report says Fi...

do bankruptcy laws vary from state to state or are they set by the federal gvernment? If it is a state thing this is occuring in Massachusetts.
Recently a friend has been served with a summons to appear in civil court in front of a jury for failure to pay a debt. His total debtload exceeds his ability to pay. A small portion of his debt (i.e Student Loans and back taxes) is not dischargable. He is employed but has almost no assest (No House or expensive car etc.) We have called a few lawyers found in the phonebook and have recieved widely varying advice. Everything from you must file Chapter 7 bankruptcy im...

a member of the New York State Bar and the Federal District Court of Connecticut was denied permission to set up an office in Connecticut to practice bankruptcy law .
So long as the lawyer is admitted to the federal bar of your state (and, depending on the state, the federal trial or bankruptcy bar), there should be no problem. Even an attorney from outside the state is OK, so long as they are admitted "pro hac vice," or for the purpose of the case?Bankruptcy court and my chapter 13? If so, what does she have to do?It is more complicated that that- some jurisdictions say out of state attorneys who are only members of the Federal bar may prac...

I have been googling for an hour and find the canadian and various state tax rates, but not the federal. Can someone help me out here? (2004)
I have been googling for an hour and find the canadian and various state tax rates, but not the federal. Can someone help me out here? (2004)-Sub S Corporations are "pass through" entities, and the income is taxed at the shareholders individual rates. For a "C" corp, see the instructions for Form 1120, which can be downloaded from http://www.irs.gov -I assume you mean US federa...

So why doesn't everyone in Florida pay state income tax?
I have an interesting problem, and am wondering if any of you might have a creative solution. I inherited an IRA in 1996. I have it all set in my federal return. When I go to do my state return for Georgia, I cannot find a place where I can back that money out. It seems proper to me that I need to pay the federal portion on the money that was tax deferred, but since the money was earned in Florida, it does not make sense to me that Georgia should get a cut. A nic...

Help me about NJ Bankruptcy Law in my case
My 78 yo mother has hospital and credit card debts that is taking all of her money because of the interest. She can no longer pay her bills and is afraid to go bankrupt because she gave her house to my brother last January after no bank would give her a loan ( debts too high ) so my brother got a loan in his name to pay off medical bills incurred while her husband was on life support ( he died 6/7/01 )... she is afraid the court will make my brother return the house and he can'...

Some questions about Texas Personal Debt Bankruptcy Law
This is in Texas. Someone I know filed for bankruptcy some time ago and it was discharged last fall by the court. In the bankruptcy proceedings, he apparently did not name as creditors at least one old buddy from whom he borrowed quote a bit of money on a personal basis. Some of the money was given by check, but some was cash. There were few or no records kept of the loans. Since he did not name the old buddy as a creditor, does that mean that those de...

car rental after bankruptcy , how about this?
Does anyone know which car rental companies accept debit cards? I intend to file bankruptcy in a couple of months and found out, to my surprise, that most car rental companies will not accept a debit card, even if it has the MasterCard or Visa logo on it. Since I'll have no credit cards for a while after filing Chapt. 7, this will limit my traveling. I think Alamo and Hertz accept debit cards; Avis doesn't. Any other car rental agencies accept debit cards?- Enterprise accept...

Student Loans / Tax Refund?
Student Loans / Tax Refund? I don't have any details on this.. wondering if anyone else does... Did anyone hear that the government was withholding all tax refunds towards student loan payments? ALL student loans.. like even those where everyone is making regular payments? ie: good credit, not in default? Like I said I dont know anything about it and it may be wrong its just what someone told me they heard on the radio. I don't know if it's just Nfld and If its true ...

How often can one declare bankrupt?
Will someone please tell me how often one can declare bankrupt? Suppose you can declare bankrupt every three (3) years, do you have to pay for the debt accrued after the bankrupt until three years later to discharge it again?You do not "declare" bankruptcy. You file a petition in bankruptcy, court and it is granted, or not, by a Federal Judge. Rarely not. You can only file bankruptcy every seven years. There may be in your state a court proceeding called trusteeship which can g...

To understand more Bankruptcy Law In Michigan
I have questions about Bankruptcy in Michigan. What can you keep? Transfering of property before Bankruptcy. Time limits, and so on.While the general federal rule is one-year (on avoidability of transfers), Michigan has a full body of state law that imposes no time limits on transfers of property which were made to avoid creditors. That means that a bankruptcy trustee can sue transferees to recover property (assuming, of course, that the trustee finds out about it). A genera...

Chapter 13 Bankruptcy Question
Who and Where can help me?Bankruptcy puts your debts on hold (and eventually cancels some of them). It does not magically make it possible to get more things you can't pay for. Rent-a-Center will come get their stuff when you stop paying. Bankruptcy won't change that -- it protects stuff you own, not stuff you wish you owned. You may as well save yourself the money and have them pick up the stuff now, since you've said you won;t be able to make the required payme...

Some North Carolina Bankruptcy Questions
We are considering filing bankruptcy and possibly also allowing foreclosure on a home we own, but do not live in (it's too far from our jobs). Here are my questions. 1) If we foreclose and the sale price of the home is less than the amout owed, are we responsible for the difference and if we are, would bankruptcy absolve us of this? We are not trying to "get out of it", we are just at the end of our rope (baby makes 3, lots of debt). 2) If we file Chapter 7, I understand the...

Estimate 2005 Federal Income Tax?
Estimate 2005 Federal Income Tax? Does anyone know of a web site or tool that will help me estimate my 2005 Federal Income Tax?- Put 2005 income tax estimater into any search engine an you'll get quite a few, however, many will be for 2004, or won't handle AMT and/or phaseouts, or are very limited in scope, but that's where you;ll find them. Some even estimate your...

K income tax code.
As a result of a cock up by my employer administering my paye income tax I owe the IR £2200. They have given me a tax code of K464 from April I earn about £35000 a year. Does this mean that I will end up paying tax at the higher rate? If so surely then I will be overpaying my income tax then? I have asked the IR to pay it back over 2 years (the error occured over 3 years!) and will have to see what they say.Question: As a result of a cock up by my employer administering my pa...

Ohio law wrt marriage/debts/bankruptcy
I have a relative (not very responsible at that) who lives in Ohio. She bought a house about 2 years ago. She just got married. She is not able to sell the house due to major repairs that are needed and insufficient funds. She has declared bankruptcy once already. If she just walks away from the house what recourse does the mortgage holder have to recover costs of repair? 1. Can they go after "current assets" of the marriage; that is assets brought to the marriage by the ...

T2 Corporation income tax questions?
T2 Corporation income tax questions? he only problem with filing EFF for Ontario is that the tax year is never assessed and thus is never statute barred, if that makes any difference to you. All of the below information should be in the help sections of your T2 program -That is were this came from. Do you have to file an Ontario Corporations Tax Return? You may be exempt from filing a CT23 for the current taxation year, if your corporation meets all of the crite...

FHA loan mystery.
Something doesn't make sense about FHA loans. The FHA guarantees the loan, so the lender shouldn't care much what the borrower's credit score is. But that implies people with extremely bad credit should be able to get FHA loans easily. But if that were true, why would there be so many companies advertising bad-credit mortgages? How could they possibly compete against FHA loans? People have to pay much higher interest to get a bad-credit loan, so why would anyone ever apply for ...

A company's bankruptcy filing does NOT automatically void their employment contract.
I was employed by a company for 2 and one-half years. I have an employment contract with the company that requires them to give me one months notice to terminate me. One day I recieved a memo notifying all employees that the company was filing for chapter 11 bankruptcy protection and that we would continue to be paid for the next two pay periods. I recieved a phone call from my employer the next day, notifying me that that day would in fact be my last paid day! Instead of...

Bankruptcy Court New Jersey infomations.
Let's get a lively discussion on this one! This is based on New Jersey law but if anyone can point to Federal citations/statutes for me to examine it would be greatly appreciated! SCENARIO My fiancee attended Ramapo college for two semesters. On her third semester, she didn't qualify for financial aid, so she had to pay tuition out of her pocket [important distinction]. She became ill and could not attend, so she withdrew during the 50% refund period. Being ill, she coul...

How much does it cost to convert the case to chapter 7?
How hard is a transition to chapter 7 from 13 in California? How much does it cost to convert the case to chapter 7?That would definitely throw us into Chapter 7 catagory with maybe $100 left after all expenses. Before you think that filing later on will be better, you might want to read the article that Brett found and posted above under the subject heading "What's Wrong With BARF (Bankruptcy Reform)" It sure looks like the bankruptcy picture is going to get much worse fairly s...

Is there any significant difference between filing for bankruptcy in r the State of Illinois?
Is there any *significant* difference between filing for bankruptcy in the state of Michigan or the State of Illinois? I have a friend who is investigating filing bankruptcy in Michigan, but is moving to Illinois to get a job. She has a lawyer in Michigan already, and after the move it's going to be a long-distance-call thing to go ahead with the filing. Also, how long must you be a resident of Illinois in order to file for bankruptcy under the state laws?Each state has its ...

Does Florida have a state income tax?
How many tax "professionals" here think most Floridians pay state income tax?-There's a state intangibles tax (a wealth tax). It's not exactly an income tax, but the information required to calculate it may also be needed to calculate your Federal income tax. -Come to think of it, the question is more ambiguous than I...

Anybody have Personal Bankruptcy ( Texas)?
In a personal bankruptcy filing, I assume all listed creditors are made aware of the procedings and potential discharge of debt. What about creditors who are inadvertently not listed, not contacted, etc? For example, bills and debts that may have been sold and re-sold and the debtor is clueless about the actual current situation (amount owed and/or to whom), disputed or forgotten medical bills from third-party providers, etc? Is there a legal provision, perhaps for public no...

Bankruptcy Legal Malpractice?
My husband filed Ch. 13 in August of 1999. He had about 100,000 in student loan debt and 1,300 in credit card debt. His attorney told him that the laws were changing and his student loans *might* be discharged. His attorney gave him the impression that he would be better off when the BK was done. The gov't. loans were easy to consolidate and deal with. Now, we have private loans that are not so easy (now about 200,000) to deal with. We just want to resume payments and ...

Parent company of National Rent A Car flies for bankruptcy
Parent company of National Rent A Car flies for bankruptcy .Did anyone hear about this?-Yes. Actually it's the corporate parent of both National AND Alamo, which is more of a concern to me--Alamo's tied in with Rapid Rewards, National isn't. Anyway, report states that operations continue as normal for both companies (for now, at le...

Small Business Bankruptcy/Fraud Question
If a small corporation or propriatorship has filed for and/or received bankruptcy, then an agent of that company conducts business and collects money under the business name, is that a crime?It could be, but you would have to give more details, such as the type of bankruptcy that was granted and whether there were misrepresntations made. If a company was under CH11, for example, a company can still continue to conduct business in accordance with court orders....

Income Tax Return Calculator . Help?
Income Tax Return Calculator . Help? I have to create an income tax Calculator. It should run on a IBM RS/6000. Any hard-core e1337 programmers out there that want to help a newbie please PLEASE help these are the Specifications -------------- My program should prompt for and accept information from the following boxes on a T4 slip: 14 - Employment Income 16 - Employee's CPP Contributions 18 - Employee's EI premiums 22 - Income Tax Deducted You may assume...

Consolidation Loans Cause Bad Credit?
Would a personal loan cause bad credit if the reason was for consolidation of credit cards. Would it matter if you change the reason for the loan?Getting a personal loan and being accepted for it will be reflected on yout credit history. What it will do to your credit score ... I don't know, it depends on what kind of score you have now, I guess? You may need some expert advice before you do anything, but even expert advice is just that... another person's opinion, not realy knowing ...

harris county appraisal district is asleep
there are 2 story residences listed as single story structures in wesy houston and thus apparently undervalued by harris county appraisal district who at harris county appraisal district can be contacted to correct this so the homeowners can begin to pay their share of these dastardly property taxes?Take a look at teh HCAD website at http://www.hcad.org/ and get teh phone number....

I get a letter two days later denying me housing due to all or in part of my credit report. Bankruptcy chapter 7 was discharged, can they deny me housing because of this bankruptcy.
- I very recently applied for a housing unit in a highrise building..Everything went well during interview. The interviewer even told me that if my Bankruptcy was dicharged I wouln't have a problem..I get a letter two days later denying me houIf the landlord is not a government agency, it can turn you down because of your bankruptcy -- it is only hurting itself by not taking your rent. If the landlord IS the government, see the attorney who represented you in the bankruptcy ...

Graduated Income Tax System etc...
One of my beefs with getting Mass. to have a graduated income tax, is that there is already a disparity in the Mass tax mechanics to begin with. To wit: (a) unearned income (which primarily is earned by people who are 'rich' i.e. have money to invest) is taxed at 10%. (b) mortgage interest is not deductible (since mostly well-to-do people *own* houses) and (c) if you *rent* you get to deduct half the rent (up to some maximum, like $2k) -- while if you *own* the house/c...

PA Income Tax?
Am buying house in PA and expect to move in shortly with son. I am divorced. Will still work in NJ so would like to know what to expect on my W2 for 2002. Will I have to file in NJ as non resident and also in PA? Any insight, help, advice appreciated like homstead rebate etcc.-You will file a NJ non resident and a PA resident, taking a credit on PA for the NJ taxes paid. We also have a local tax, the amount can vary from 0 to 4.25% depending where you live. Some employers withhol...

I have questions about Bankruptcy in Michigan
I have questions about Bankruptcy in Michigan. What can you keep? Transfering of property before Bankruptcy. Time limits, and so on.While the general federal rule is one-year (on avoidability of transfers), Michigan has a full body of state law that imposes no time limits on transfers of property which were made to avoid creditors. That means that a bankruptcy trustee can sue transferees to recover property (assuming, of course, that the trustee finds out about it). A general rule...

Chapter 7 bankruptcy - what information could be provided to the bankruptcy clerk's office to either halt the Chap 7...
Regarding an individual filing for Chapter 7 bankruptcy - what information could be provided to the bankruptcy clerk's office to either halt the Chap 7 procedure or encourage a ruling where the debtor would have to repay the creditors at a later time? Unfortunately, while debtors rights are clarified, information on behalf of the creditor is elusive. There must be general guidelines a creditor could fall back on. In an instance where the able bodied debtor is a school instructo...

Do you want search bankrupcy Law?
Where can i Bankruptcy Law Search?OPINION SUMMARIES ARCHIVE FindLaw archives case law summaries of opinion issued since September 2000 by the U.S. Supreme Court, all thirteen Federal Circuit Courts, the California Supreme Court, the California Appellate Courts, and the New York Court of Appeals. Click here to browse the archive or search for specific opinions: http://caselaw.lp.findlaw.com/casesummary/index.html...

Does anyone know what the New York provisions are for keeping a house in the event of bankruptcy?
Does anyone know what the New York provisions are for keeping a house in the event of bankruptcy? Specifically, I am told that as long as payments are kept up to any mortgagees, the house can be kept by the bankrupt. But this can't be right, because otherwise one could shield untold hundreds of thousands or even millions of dollars simply by bying a house and having a small or no mortgage. There must be a maximum amount. Does anyone know it?I didn't feel like paying $500 for...

could i file bankruptcy with new laws.
Am i eligible to file bankruptcy i've thought and thought this through i need to do something?I have written a Bankruptcy FAQ which should answer many of your questions about what is involved--it may be found at : www.brettweiss.com/faq/br_faq.htm Justice consists not in being neutral between right and wrong, but in finding out the right and upholding it, wherever found, against the wrong. -Theodore Roosevelt Required disclosure and notice: We are a federally-designated debt...

Consumer needs lawyer to file for bankruptcy.
I live in Massachussets. My girlfriend thinks she need a lawyer to file for bankruptcy and says she has to pay her lawyer $1,000 to file for bankruptcy. This seems pretty ridiculous since she doesn't even have enough money to pay the lawyer. Can't she just file herself or get inexpenive assistance ?-It's not legally required to hire a lawyer, but it is advisable. Look around for low cost clinics that might help. Is there a lawschool nearby? They might have something like that. ...

In form 1120 the federal income tax is based on the net income. that federal income tax amount..
In form 1120 the federal income tax is based on the net income. that federal income tax amount, should it be an expense or should it be charged to retained earnings?-In the books of a company when they close the books for the year, one of the entries they make will be a debit to Retained Earnings and a credit to Income Taxes Payable for the Federal and State taxes that apply to that closed out year. These am...

Can bankruptcy forms be filled out online and then printed for presentation to the court clerk?
Can bankruptcy forms be filled out online and then printed for presentation to the court clerk?-Unless you're fully aware of all the laws and specifics regarding exemptions, etc., in your state, you're likely to find yourself running afoul of the Bankruptcy Court, especially at the Meeting of Creditors. At best, you'll find yourself losing...

Maine Income Tax
I have some friends who are married, live in southern New Hampshire and work in Maine. Actually the wife works in Maine and the husband in Massachusetts. Some how the state of Maine taxes their combined income. I had always believed that filing separately on their federal income tax was the way around this, but Angie tells me it's not true. Does anyone out there now out there know how the state of Maine justifies this apparent ripoff and short of not working there, how to kee...

Is there a tax calculator that we can load onto our PDAs?
Is there a tax calculator that we can load onto our PDAs? Or at least some short cheat sheet that has the tax rates, phase outs, etcI don't use a PDA myself. If you can load a worksheet from another application I might be able to help you. I use Lotus functions so they might not work if you load them into Excel or other application. The easiest way to load this tax calculator is to copy it from this message and paste it into Lotus. If your application allows you to parse ...

Question About Bankruptcy Bad Credit Mortgage Loan .
Can someone explain some bankruptcy options for us? We are NEVER late, we never have collectors calling but we live pay check to pay check. We made a bad mistake (in our opinion) and took out a 2nd mortgage to pay off credit cards and it just seems like it was a worse option for us. Can bankruptcy be declared on just that one loan? Since it is a 2nd mortgage, could we loose the house? We want to pay on the house and car but this one loan is causing us problems in getting ahe...

I have a question about Bankruptcies.
I have a question, a cousin of mine is talking about personal bankruptcy and he wants to know if the 8 year waiting period between bankruptcies under the new law is only applicable following chapter 7 or 13 bankruptcies taken after the new law came into effect, and does the old 6 year limit still apply after bankruptcies discharged before the new law?You must wait 8 years from the date of filing a Chapter 7 case until a new Chapter 7 can receive a discharge. You can file a Chap...

U.S. Individual Income Tax Return ?
U.S. Individual Income Tax Return? On 2004, my friend filed his first U.S. Individual Income Tax Return 2003 with form 1040. This year, IRS sent him form 1040A. Did he file the correct form on 2004 ? If not, is it necessary and how to correct it ? What are the differences between them ?Anyone may use the Form 1040 to prepare their return since it covers all possibilities. The Form 1040A contains limited types of income which may be reported on it as opposed to all types being rep...

Let the auto loan people come and take the van since it is not benefiting me - will this result in negative on my report?
I had an automobile loan prior to filing bankruptcy. At the hearing the Judge denied the creditors motion to reaffirm the auto loan since I had possession of the vehicle and I was not delinquent in payment. In my credit report now after the BK, the loan sporadically shows up here and there. It either shows as included in bankruptcy or doesn't show at all. I have been on a 1 year letter writing campaign to all the bureaus but it requires almost an act of congress to deal with th...

mortgage and debt consolidation loans
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% of people paying income tax in India
% of people paying income tax in India-It is indeed true that the percentage of people paying income tax in India is miniscule. Less than 1% sounds like its on the mark, although I am not conversant with the most recent statistics. Not only is agriculture off bounds but plenty of...

Retirement/Pennsylvania Income Tax?
Does Pennsylvania tax distributions from 401K's, IRA's, and Roth IRA's? What does Pennsylvania consider retirement age for exemption of taxes on pension income? Any thoughts about State tax issues and retirement appreciated.-401Ks and IRAs are not taxed as long as you are retired. (in effect, NOT an early distribution, check the code on your 1099). Roths are not taxable. -No - PA does not tax those funds as long as you are retired (or as the beneficiary of so...

How much does it cost To File Bankruptcy in Texas?
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Chapter 13 Bankruptcy and Inheritance.
Under the chapter 13 provisions, does the court have the right to claim his inheritance? And, If he were to deposit his inheritance and not touch it without notifying the court, would he be in violation of any law and subject to arrest/fines/etc.?Bear in mind that in using the Bankruptcy code, the 100's, 300's, and 500's are only effective so long as the reorganization and discharge chapters don't have their own version. Therefore, chapter 13 controls. If he were to deposit hi...

Bankruptcy in Texas:Some personal prolems
My Landlord just declared bankruptcy in Dallas County, Texas. He claims that my security deposit which he refuses to refund is covered by Texas bankruptcy laws and that I am now an unsecured creditor. I would think that trust funds are outside of the scope of personal bankruptcy. Does anyone know if I am in fact now an unsecured creditor, or do I have other legal remedies at my disposal?The problem isn't "Texas bankruptcy law," but that you were probably never a secured credito...

Buying a car Right after Bankruptcy.
Basically I was unemployed after Sept 11 for about 9 months. During this time me and my wife were having some hard times and we are now going through a divorce. I have recently filed for chapter 7 as I cannot keep up with the payments, plus the car I own is only worth $1000, but the loan on it is for $6000. My lawyer recommends getting rid of the car in the Bankruptcy and finding another car. This sounds easier said than done. Won't my crdit be ruined after Bankruptcy?...

Someone asked about Us Bankruptcy Court Record
Someone asked me same questions about Us Bankruptcy Court Record , to my embarrasment, I don't really know the answer: If a creditor files a suit on a debt and the debtor then files a Ch 7 petition, can creditor continue the suit when the stay is lifted ? I (think I) know that the debt will be discharged but, even though seemingly pointless, can the creditor get a judgment anyway ... the concern here of course was that there will always be a judgment on the credit recor...