QUESTION
I filed Chapter 7, how do they determine how long and how much of my fed. and state can they receive?
Asked on May 23rd, 2013 on Bankruptcy - Indiana
More details to this question:
Indiana, I am not happy with the lawyer I hired, my fault. How can I determine how long & how much the court system will take from my state & federal returns? I have a minimum wage job and collect S.S. for 1 child. I filed on a house "$85,000" & 1 C.C. "$8,000". I owe $10,000 on the house I am in & have to do $5,000 in upkeep just to get insurance, paint, gutters, etc. Our furnace stopped working now were without heat, floor furnace, so I really need that money. Prior to the day before filing everyone one of my bills was paid on time for 10 years plus & still are today! My child & I have Love & Faith but little else.
1 ANSWER
Unfortunately, none of the things you have described have anything to do with what you can keep. The bankruptcy trustee is entitled to a pro rata share of your refunds based on when your case was filed and what amount of exception you used and have available.
Answered on May 27th, 2013 at 8:29 PM