Assets for bankruptcy

Posts Tagged ‘proof’

I have a client seeming to be in a pinch, filing chapter 11 Bankruptcy and the debtor is requesting all account and policies to be reissue with the US attorneys office listed, once the client notified the bank they shut her down. she has to show proof of the changes but without a bank account she cannot initiate the down payments etc. most of the companies do not accept money orders due to a monthly draft needed to be set up. What could she do? Is there a bank that’ll take her?

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Technorati Tags: chapter 11 bankruptcy, debtor, down payments, filing chapter 11, filing chapter 11 bankruptcy, money orders, proof, us attorneys office

I only have 1 asset worth paying off and thats one of my cars. If I sell this car, I can pay some of the creditors, but not all. I assume I will have to show proof of payng creditors if I claim BK after I have done this.
I see your point rpg, but the exemptions for Arizona will cause my vehicle to be taken because it is paid off and they will take this asset, sell it, and use the money from that asset to pay off the creditors.. granted, i see what your saying, because i would pay off the creditors that I would want to pay off.. so its good knowing that they will take the money back..

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Technorati Tags: asset worth, bk, cars, creditors, money, proof