Will bankruptcy take my children going?

Asked By: Lois White
Date created: Sat, Jul 3, 2021 1:53 AM
Best answers
Answered By: Zella Harris
Date created: Sat, Jul 3, 2021 6:51 AM
Will the Trustee Take My Child’s Income? No, the bankruptcy trustee in a Chapter 7 bankruptcy isn't going to take your child's income. Many states also provide exemptions for the earnings of a minor, protecting what your child may have saved up from their job.
Answered By: Cleta Mitchell
Date created: Sat, Jul 3, 2021 5:40 PM
But even if your child's furniture and property is not exempt, you will most likely keep them in bankruptcy. This is because the bankruptcy trustee is typically not interested in used furniture or household items unless they are very valuable. (To learn more about exemptions, see our Bankruptcy Exemptions area.) Your Childrens' Bank Accounts
Answered By: Daisha Ratke
Date created: Sun, Jul 4, 2021 5:36 AM
Bankruptcy filers are generally allowed $1,875 in educational expenses for minor children, but you should check with your bankruptcy attorney to explore how trustees in your area view tuition payments, especially if you’re filing a Chapter 13 bankruptcy and you are discharging a significant amount of unsecured debt.
Answered By: Rosalind Kassulke
Date created: Sun, Jul 4, 2021 11:50 PM
you’ll have a chance to ask questions about the bankruptcy process; Telephone interviews take at least 30 minutes… the property that they and/or your children live in is not a family home.
Answered By: Lesley Kuphal
Date created: Mon, Jul 5, 2021 10:24 AM
How does a chapter 13 bankruptcy affect financial aid? Would it be difficult to get financial aid for my child because my husband and I filed chapter 13 about 2 years ago? — C. F. A previous bankruptcy can affect eligibility for some education loans [IN_FEED_PLACEMENT] but it does not affect eligibility for other forms of financial aid.
Answered By: Haylie D'Amore
Date created: Mon, Jul 5, 2021 9:04 PM
bailiffs try to evict you. If you rent your home, it's unlikely you'll lose it by going bankrupt. However, there are certain situations where your home may be at risk, including: if the property is included in the bankruptcy estate - although this won't apply to most regulated, secure and assured tenancies.
Answered By: Krystina Mills
Date created: Tue, Jul 6, 2021 4:47 AM
Going bankrupt means losing control of your belongings, as the trustee has the legal right to sell them to pay off your debts. If you do not want to sell your belongings, then you might want to consider alternatives to bankruptcy.This article answers the question: How will my belongings be affected in bankruptcy?
Answered By: Elna Bergnaum
Date created: Tue, Jul 6, 2021 6:02 AM
Bankruptcy – the 9 big questions everyone worries about. If you are thinking of going bankrupt, there will probably be a lot of things that you want to ask. This page looks at the nine most common questions people have about how bankruptcy will affect your life. 1.
Answered By: Harry Kunze
Date created: Tue, Jul 6, 2021 6:59 PM
The bankruptcy trustee doesn’t even really get involved. Can a bankruptcy trustee take my home? It’s not common, but it’s possible in certain circumstances. The bankruptcy trustee’s job is to sell non-exempt property for the benefit of unsecured creditors. That includes personal property and real property.

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