Precious Metals Forum

Go Back   Precious Metals Forum > Bunker Talk > STS

Reply
 
LinkBack Thread Tools
Old 07-29-2013, 11:54 AM   #1
Yellow Jacket
 
Penn's Avatar
 
Join Date: Apr 2012
Posts: 1,566
Liked: 249 times
Smile filed chapter 7 pro se

So we will see if they kick it back. It took me months and months to figure this out.

In my case I sent in close to 100 pages. It is alot more complicated now since 2005.

I hope I did it right.
Penn is offline   Reply With Quote
Old 07-29-2013, 01:30 PM   #2
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,027
Liked: 2449 times
Sorry to hear that Penn. Hope it goes through and helps you out.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 07-29-2013, 05:16 PM   #3
Yellow Jacket
 
Penn's Avatar
 
Join Date: Apr 2012
Posts: 1,566
Liked: 249 times
no- dont be sorry- this will be a step up. I am allowed to keep some assets under a chap 7
Penn is offline   Reply With Quote
Old 07-30-2013, 12:01 PM   #4
Yellow Jacket
 
Penn's Avatar
 
Join Date: Apr 2012
Posts: 1,566
Liked: 249 times
The court called- my case is accepted/filed. She said if anything I submitted too much paper work. I am missing just one form- and that one she will mail to me.
Penn is offline   Reply With Quote
Old 08-16-2013, 09:19 AM   #5
Yellow Jacket
 
Penn's Avatar
 
Join Date: Apr 2012
Posts: 1,566
Liked: 249 times
So- I had dropped the ball. They said I needed this odd form- I was going to drop the whole thing.

At the last minute- I figured it out- and next day it. I then took the required 2 hour class since I have a case number.

This leaves only the 341 meeting to go to. I have everything in a plastic binder. If I can pull this off- I will have saved about $2000.

Ink, paper, postage, the 2 classes, book, CD rom for forms. I have around $60 put into this.

The 341 is in the next town over- I will not have to drive to a big city.

I will keep you posted. The one worry I have is I might have too much equity in my house. We shall see.
Penn is offline   Reply With Quote
Old 08-16-2013, 09:38 AM   #6
Ground Beetle
 
bushi's Avatar
 
Join Date: Nov 2011
Posts: 971
Liked: 554 times
What is chapter 7 - consumer bankruptcy, I presume?
__________________
“...the issue which has swept down the centuries and will have to be fought sooner or later is the People versus the Banks.
Lord Acton
bushi is offline   Reply With Quote
Old 08-16-2013, 09:38 AM   #7
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
Penn, it is my understanding that in most states, they allow you to re-affirm your debt for the mortgage on your primary residence, and in most cases it does not count as an asset. At least not here in Florida where you get to keep one car and your home as well as up to 100 acres of property, if it is contiguous to the residence.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 08-16-2013, 10:55 AM   #8
Yellow Jacket
 
Penn's Avatar
 
Join Date: Apr 2012
Posts: 1,566
Liked: 249 times
Oh- I am re-affirming the mortgage. The problem might be that I have too much equity in it.
Penn is offline   Reply With Quote
Old 08-16-2013, 10:56 AM   #9
Yellow Jacket
 
Penn's Avatar
 
Join Date: Apr 2012
Posts: 1,566
Liked: 249 times
Originally Posted by bushi View Post:
What is chapter 7 - consumer bankruptcy, I presume?
Yes it is.
Penn is offline   Reply With Quote
Old 08-16-2013, 11:01 AM   #10
Yellow Jacket
 
Penn's Avatar
 
Join Date: Apr 2012
Posts: 1,566
Liked: 249 times
Originally Posted by ancona View Post:
Penn, it is my understanding that in most states, they allow you to re-affirm your debt for the mortgage on your primary residence, and in most cases it does not count as an asset. At least not here in Florida where you get to keep one car and your home as well as up to 100 acres of property, if it is contiguous to the residence.

I am using the federal exemptions- they are more generous then the PA ones.
Penn is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
closing a chapter from June here Penn STS 5 10-20-2014 02:45 PM
chapter 7 red tape Penn STS 2 10-29-2012 11:45 PM


All times are GMT -5. The time now is 08:54 PM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.