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Can bankruptcy trustee take law suite settlement?
Of course....most ANY asset that you have at time of filing (the law suit is one) can be used to pay the debts you incurred before the filing. I'm not sure why you would think anything else....you do not pick and chose what is in your BK. It is everything....YOU go bankrupt, not debts. If your BK discharges, say medical bills or losses you incured...and you have a suit that pays for those bills,,,does it make sense you should get thebill discharged and the provider not get paid...but you get to keep the $ received because of it? The BK court can even take jurisdiciton of the law suit case if it wants.
If you are say a year into a 60 month chapter 13 bankruptcy and you receive a small inheritance not enough to pay debts what is your obligation?
Your obligation is to let your attorney and/or bankruptcy trustee know about this. They will decide if the asset needs to be divided among creditors or included in your payments.
How do you find out if your bankruptcy status is correct?
I'm not sure what this question means by "bankruptcy status." Assuming it means whether your credit report has correctly listed your bankruptcy, or correctly listed the debts on your credit report as "discharged in bankruptcy," then under the new law each person is entitled to one free copy of their credit report per year, so one can request a copy from one of the three credit reporting companies and check if the bankruptcy is correctly listed and if all of the debts listed in the bankruptcy say "Discharged in bankruptcy" on the credit report. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person. Not sure what your asking, but you can always take your file number to the bankruptcy clerk and ask her to see your file. At least you can see the complete names and addresses of your creditors, dates of notifications, and order of actions taken in your case, first hand. - you can always call your attorney since you paid them to represent you, the trustee in charge of your case, or the bankruptcy court.
When marry do both parties have to file bankruptcy?
You can always file as an individual but whether that would do any good depends on your state law, because in some states, debts are considered to be joint even if in one name so if in say the wife's name and wife files, husband may be responsible due to the marital relationship.
I had traffic tickets that from 7 yrs ago that were in collections I filed for Chapter 7 Bankruptcy and the debts were discharged under the bankruptcy but the courts say I still owe wht could I do?
First see if you even have a driver's license-you should be able to get your driver report online at your state's website. it is probably suspended or revoked. If it is, and you get pulled over, you will go to jail. Bankruptcy does not discharge all debts. You do still owe, You will have to work out a payment plan with the court or never drive again. An attorney may be able to reduce the amount.
Can a checking account where you work be notified if you file bankruptcy?
Not sure what you mean by being "notified". I would just say that it is not a good idea to try to beat the system. A bankruptcy case does not end when the judge discharges your debts. Your creditors still have rights after the discharge if you have been less than honest during the trial.
How do you know if you have enough debt to file bankruptcy?
You understand being able/need to file bankruptcy is a bad thing...it's not something to strive for? It will effect you in many ways more than the debts you have now, for a long time. One main indicator is not just debts....but assets. Having a lot more debt than assets, more than you can ever hope to pay off, so much that you may drown in them, and assets that you don't mind losing, would indicate bankruptcy is an option. So having say $1,000,000 of debt is unimportant if you have $990,000 of assets....you would go bankrupt over $10,000. Doesn't overcomeable to me. Bad choice. So remember, not only do you get rid of many debts, you will also lose many things of value in bankruptcy. Things that may have even more value to you than the bankruptcy court will grant you for them!
Can you go bankrupt if you work and can afford to pay the debts them off?
You can but its a last resort for so many reasons. Bankruptcy follows you even after you are discharged so be very wary. The stigma with bankruptcy is extremely negative and the likelihood of someone finding your history after you are released from bankruptcy especially in a techological age is certain. Options if you have employment and can repay is debt arrangements, refinancing and garnishee orders. Companies to who you owe debts will invariably seek garnishee orders before bankruptcy because they will eventually get their money. All I can say is don't look at bankruptcy as the panacea of debt problems. Find a debt assistance service. Your future will be so much better served if you can demonstrate you had issues and you resolved them rather than reverting to the all too simple bankruptcy.
Is online gambling legal in Ohio?
Online gambling is Legal and no individual has been charged with any crimes. Back in 2007 this was discussed in Congress with many people including Republicans stating that online gambling was not illegal.
If your wife files bankruptcy without you including the debts that are in both names will the credit card comapny that you have a credit card company through find out and cancel your card?
I am not a legal expert, but I understood that unless a partner in a marriage has taken steps to say publicly that they are not responsible for their spouses debts (in advance) - which I would have thought would include informing joint account companies, one partner is wholly liable for the other partners debts in their entirety. This would mean that the total of both partners assets will be used to meet debts during the bankruptcy process. However I am not a legal expert, you need to go and see a solicitor (attorney).
Can a person file bankruptcy on a house if there is no income anymore?
You file bankruptcy...not the property. You do not file it on a debt, or an anything. You do not say, that thing that isn't worth anything is bankrupt and I want the court to resolve it, but this asset....the one worth money....I don't want them to touch. When you file bankruptcy it involves EVERYTHING you own and everything you owe. ALL your assets and liabilities are involved. They are given different classes....some are classified as exempt. You do not and cannot pick and chose what you want to be involved. Basically, after the few exemptions, all your assets are used to pay all your debts. If you have more assets than debts, everybody gets paid everything. If you have more debts than assets, some of the excess are dismissed.
If you file for chapter 7 bankruptcy and it is drawn out over the course of 2 years and you incur additional debts before the discharge can you add them to your pending bankruptcy?
I'm not positive but I believe any debts incurred after the FILING date can't be added to your current petition. If you have debts that were incurred prior to the filing date and you failed to include them when you filed, then yes, those debts may be added even after a year or so. There is a deadline for adding debts to your petition so check your local laws to find out how long you have. If you incurred this debt after you filed BK, they will not add it and they may also deny your BK case if you do it because are going to say that you're trying to scam(file BK, get more credit, use it up, and try to get rid of the bill. They're gonna say that you are getting credit without intent on paying it back.
