[Bankruptcyfilter] YANML...speaking in hypotheticals only. Exempt furniture / wildcard exemption vs security interest of creditor in same said furniture with a UCC Security Agreement. Does the furniture get an exemption? Or does the furniture get Repossesed via Foreclosure of Security Interest in Personal Property? Furniture was just pledged as collateral...never was sold or belonged to the creditor. How is this determined... by the Bankruptcy Trustees discretion, or by law?
posted by Muirwylde on Nov 5, 2009 - 6 answers

How do I get my life on track with high debt and a chronic medical condition? [more inside]
posted by thegreatcokeolympics on Sep 19, 2009 - 9 answers

Questions to ask the bankruptcy lawyer in the morning to learn about the process AND to evaluate the lawyer's ability in bankruptcy. [more inside]
posted by samuel1613 on Sep 11, 2009 - 7 answers

Did we receive sound advice? A friend is filing Chapter 7 bankruptcy in the next few days. A creditor is threatening to repossess some items if said person doesn't respond to the written request for a voluntary surrender of the items. A document pledging the items as collateral was signed. A legal advisor gave the following advice... [more inside]
posted by Muirwylde on Sep 3, 2009 - 7 answers

Is bankruptcy the only way to put this foreclosure mess behind me? [more inside]
posted by anony-me on Aug 10, 2009 - 19 answers

I am an agent representing a group of professional photographers and, among other things, am responsible for billing on their behalf as well as collecting and dispersing the moneys upon receipt. I just received a notice regarding a job that took place 3+ years ago informing me that, because the client filed for bankruptcy shortly after I was paid, I have been judged as having been given preferred treatment and therefore I owe the trustee handling the bankruptcy the full amount paid, nearly $10,000.00! To make matters worse the invoice in question was nothing but the photographer's expenses. In other words, the minute I received the payment I simply turned it around and paid it all to the photographer who has long since gone his own way and isn't responding to my calls or e-mails. What, if any, are my options at this point?
posted by tangyraspberry on Jul 15, 2009 - 18 answers

Do people actually lose their homes to pay for health care in the US, or is this an urban myth? [more inside]
posted by WinnipegDragon on Jun 24, 2009 - 39 answers

The place I work may be going under. What should I do? [more inside]
posted by anonymous on May 21, 2009 - 13 answers

Canadian (you are not my) lawyers: is there a deadline for filing a proof of claim in personal bankruptcies? [more inside]
posted by AgentRocket on Apr 22, 2009 - 1 answer

I'm currently working on my MBA at a relatively prestigious business school and am coming to understand that my parents are in a grave financial situation that may lead to them having to file for bankruptcy. My father's been unable to get steady work for the last year or two and my mother's income isn't large enough to maintain the household and service their debt. In all likelihood they'll lose their house in two to three months unless something dramatic happens. I'm considering dropping out of school and returning home to help them weather the storm but I don't know a) if they'd be able to stomach it, b) whether I'd be able to find a job quickly enough to fend off the fallout, c) if I'm really serious about doing this, d) if this is the right thing for me to do, and e) what it'll mean for my future. [more inside]
posted by anonymous on Apr 2, 2009 - 18 answers

Is it reasonable to ask my attorney for a refund for filing a motion that had no effect? [more inside]
posted by fireoyster on Apr 1, 2009 - 13 answers

I have heard conflicting information: in a community property state, if you file bankruptcy (not joint bankruptcy) is your spouse held liable for debt you acquired before the marriage? [more inside]
posted by anonymous on Feb 26, 2009 - 3 answers

How do I know if I should be considering bankruptcy? [more inside]
posted by anonymous on Feb 11, 2009 - 13 answers

My mother took out credit cards in my name. She is now filing bankruptcy, and she is not able to continue paying the debt that's in my name. My husband's upcoming job will preclude us from filing bankruptcy for the debt in my name. Is there any way I can avoid paying $35k of debt she charged up in my name without suing her or otherwise getting her into serious legal trouble? [more inside]
posted by anonymous on Feb 10, 2009 - 18 answers

What happens if I default on unsecured debt? [more inside]
posted by hardbop on Feb 10, 2009 - 9 answers

My boyfriend Brett recently ran into a problem with GAP insurance that he purchased, and we are looking for a little direction to see where he can go from here. It looks as though he was defrauded by the car dealership that he purchased his car from, as well as potentially by the GAP provider, but the car dealership is now in bankruptcy, no one will return our calls, and he is stuck with $3200 in debt that he can't afford. [more inside]
posted by etherealclarity on Dec 29, 2008 - 7 answers

A company we ordered flooring from filed for bankruptcy while we were waiting for our stuff to come in. What now? [more inside]
posted by csimpkins on Dec 12, 2008 - 8 answers

I see the world, and all in it, as something vicious and ready to attack me, and that influences far too much stuff in my life. Help. [more inside]
posted by anonymous on Dec 8, 2008 - 30 answers

Question about going broke. I have been out of work a total of five months this year, having gotten laid off twice. Currently, I am not working and am on unemployment. After paying all my bills I have 65 dollars a week for food, etc... in NYC. I have 17 weeks of benefits left. [more inside]
posted by anonymous on Dec 5, 2008 - 25 answers

Given the current economy, would doing a "charge-off" on my credit cards be a reasonable option, and how would I go about doing it for my biggest benefit? [more inside]
posted by arniec on Nov 16, 2008 - 13 answers

Online auto loans; too good to be true? [more inside]
posted by lekvar on Nov 8, 2008 - 7 answers

My Mom’s wages are being garnished by a collection agency. Can we still settle the debt? How much do we offer and where do we get the money? [more inside]
posted by anonymous on Oct 29, 2008 - 4 answers

How will a line of credit that my parents cosigned affect my ability to enter into a debt repayment plan through credit counseling? [more inside]
posted by anonymous on Oct 20, 2008 - 5 answers

I filed for Chapter 7 bankruptcy(mostly credit card debt) a couple of years ago, and it was dismissed on a technicality (missed a credit counseling class). I was going to refile as soon as I got a call from a creditor, but none of them has ever called me, and it's been 2 years now, and I'm wondering what to do. [more inside]
posted by anonymous on Oct 15, 2008 - 14 answers

What's the latest news on Alitalia? [more inside]
posted by brandman on Sep 15, 2008 - 5 answers

Asking for a friend. She's financially naive, and got stuck with an absolutely terrible loan on her house. She is several months behind on her mortgage payments, and needs to renegotiate the terms of her mortgage. [more inside]
posted by Daddio on Jul 12, 2008 - 23 answers

The UK based company I have been working for is going under (I am in the US... I was hired as their Los Angeles based Art Director last November.) They never got the US corporation together so I was always payed as a contractor, month to month, for which I had to invoice them, always with the promise that as soon as they got the US corporation established I would get my pay as a salary with benefits like health insurance. [more inside]
posted by semidivine on Mar 16, 2008 - 1 answer

I have a nontrivial balance on a gift card for a local retailer that has gone out of business and is filing Chapter 7. What are my options? [more inside]
posted by harmfulray on Mar 10, 2008 - 10 answers

Creditors are starting to harass me again for old debt that I don't believe I'm responsible for. [more inside]
posted by mezzanayne on Feb 29, 2008 - 9 answers

How much should a personal bankruptcy cost in Michigan? [more inside]
posted by Bjkokenos on Jan 14, 2008 - 3 answers

I'm looking for two reliable, often-updated list of publicly-traded companies that 1) have just filed for bankruptcy; or 2) are re-emerging from bankruptcy protection. Any clues? [more inside]
posted by evadery on Nov 14, 2007 - 4 answers

What will happen to my money if E*Trade declares bankruptcy? [more inside]
posted by monkeystronghold on Nov 12, 2007 - 22 answers

Will filing for bankruptcy absolve you of tax debt? [more inside]
posted by jotrock on Oct 16, 2007 - 13 answers

I made $3,000 in payments on my student loan during my Chapter 13 bankruptcy, but they were not applied to my loan balance. What should I do? [more inside]
posted by shannymara on Sep 10, 2007 - 7 answers

If my home mortgage holder is Countrywide (it is), what happens, in practical terms, if Countrywide were to go bankrupt? Would they call the loan, forcing us to get financing elsewhere to cover it? Or would another lender assume the debt without our having to take any action? Or what?
posted by saulgoodman on Aug 17, 2007 - 8 answers

Asking for a friend: what's worse on a credit check- unpaid debt or recent bankruptcy? [more inside]
posted by Kellydamnit on Jul 21, 2007 - 12 answers

Should we declare bankruptcy? [more inside]
posted by anonymous on Jul 1, 2007 - 31 answers

Longshot filter: Need a NY attorney that can file a bankruptcy tomorrow morning due to impending sherrifs auction tomorrow-possible? [more inside]
posted by Izzmeister on May 2, 2007 - 4 answers

What are some of the stupid things rich and famous people have spent their money on? I know about Michael Jackson and his ten AIBOs, for example. What are some other examples? Actors, politicians, athletes, past and present — tell me about their excesses. [This is lazyweb research for a future article.]
posted by jdroth on Jan 10, 2007 - 58 answers

If 2nd Mortgage gets discharged in bankruptcy, can payment still be made to keep home? [more inside]
posted by swiffa on Jan 7, 2007 - 4 answers

What happens to the value of a company's stock when they declare banckruptcy and then exit bankruptcy? [more inside]
posted by cosmicbandito on Sep 20, 2006 - 6 answers

I can't afford to repay my student loans, entirely my fault, what should I do? [more inside]
posted by anonpeon on Aug 24, 2006 - 28 answers

Forgiving or otherwise reducing Maw's debts? [more inside]
posted by Mutant on Jul 25, 2006 - 5 answers

How do I get my debtors to allow me to pay them off on a payment plan and no further interest charges? [more inside]
posted by anonymous on Jun 12, 2006 - 12 answers

Speculating Filter: What happens to the value of a Put Option if the underlying stock halts trading and/or goes bankrupt? [more inside]
posted by de void on Apr 27, 2006 - 9 answers

I need help generating an 'explanation' for my bankruptcy 6 and 1/2 years ago that will not make me look financially incapable to a potential investor. Are there any 'good' explanations for filing bankruptcy that I could use in order to not have this fact work against me? I need potential circumstances that would warrant a bankruptcy and sound reasonable to a potential business partner. More inside... [more inside]
posted by AdInfinitum on Apr 24, 2006 - 17 answers

What's a "good" FICO score? [more inside]
posted by AstroGuy on Mar 31, 2006 - 14 answers

Has anyone had any experience declaring bankruptcy (either 13 or 7) under the new rules? [more inside]
posted by anonymous on Mar 25, 2006 - 1 answer

Company A just went bankrupt, but owes Company B money. How should Company B proceed? [more inside]
posted by taumeson on Feb 7, 2006 - 6 answers

How do I get my money back from my ex-roommate? [more inside]
posted by thefinned1 on Dec 1, 2005 - 10 answers