Regardless of what your state laws deem as homesteaded property, for
federal bankruptcy purposes, a homestead is your primary residence, the place in which you and your family live.
For
filing bankruptcy purposes in a community property state, unless your spouse owns property you can prove has never been owned jointly, you will have to list 50 % of the value of the property as part of your assets.
We are experienced in completing appraisals for
bankruptcy purposes on behalf of debtors, creditors, and directly for the bankruptcy courts.
On June 26, New York City Council Speaker Melissa Mark - Viverito and Councilmember Ritchie Torres introduced a resolution calling on Congress to pass the Puerto Rico Chapter 9 Uniformity Act (H.R. 870), which would treat Puerto Rico as a U.S. state
for bankruptcy purposes.
For
bankruptcy purposes, your home mortgage is considered consumer debt; taxes are not consumer debt.
«Income» for
bankruptcy purposes is not necessarily a reflection of what you make, nor is it a reflection of what you are currently making
Because his support payments were deductible from his income for
bankruptcy purposes, Kevin wouldn't have to make any surplus income payments.
It means that if there is a dispute about classification of a right for
bankruptcy purposes that the divorce court and not the bankruptcy court should resolve it.