Legal Question in Bankruptcy in Florida

Quick questions ch.7

1.My father co signed my auto loan. No late payments on this...can I keep making payments and keep car without ruining his credit if I file ch.7?

2.My house has equity. Can I keep house (no late payments)and not be forced to give up equity in a future sale?

3.Can my tax refund be taken if I receive refund before filing ch.7 or after filing can they keep refund for next year's tax refund? (We need to fix leaky roof and windows, and pay property taxes/ homeowners insurance with refund.)


Asked on 1/14/04, 10:15 am

1 Answer from Attorneys
Alexander M. Rosenfeld Rosenfeld & Stein, P.A.

Re: Quick questions ch.7

1.Only after Court approval of a re-affirmation agreement.

2. Only if you keep the mortgage current.

3.a. If you have possession of the refund, yes.

b. It is a question of timing.

You should seek the advice of competent bankruptcy counsel.

Read more
Answered on 1/14/04, 11:48 pm


Related Questions & Answers

More Bankruptcy Law questions and answers in Florida