Category Archives: Bankruptcy Law

Bankruptcy Law covers all aspects of a bankruptcy proceeding. Filing for bankruptcy protection may relieve an individual for all debts which are owed or in certain filings, partial repayment to your creditors. Filing for bankruptcy often gives an individual a “fresh start” on life.

undisclosed asset that was sold over a year before filing Chap 7 If you sell a…

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undisclosed asset that was sold over a year before filing Chap 7
If you sell a auto and buyer did not transfer the title till a year later and the seller is BK-7 and the Bill Of Sale was dated in 2002 way before the 1 year statute of disposing of assets, but the title was not transferred till within the statute as a donation because the buyer was negligent and avoiding responsiblity in insurance and fees and would have to pay extra. Is the seller in jeporady because of the ”donation” not being disclosed.

delivery truck hit my car, they promise to pay for repair & rental car, they…

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delivery truck hit my car, they promise to pay for repair & rental car, they go
A furniture delivery truck hit our car. They took full responsibility, paid for repair(they were self-insured) and meanwhile sent us to a car rental agency where they had an account to get a car. (On the car rental form they are listed as ”bill to”.) Furniture co. declared Chp. 11 bankruptcy before paying car rental company. Car rental co. in turn charged our credit card for the rental to the tune of $600. We protested to the the rental agency corporate office. They said it was a matter for the local office. Local office said they weren’t going to take a $600 hit, bug off. Credit card company said this was a 3rd party dispute (between us and furniture co.)and denied our contest of charge. We have since rec’d docs from US Bankruptcy Court concerning ”Alternative Dispute Resolution Program”. We have about 10 days left to decide if we want to take part. My question is: are we going to get screwed in the end? It looks like pennies on the dollar, if anything. Do we have any recourse with car rental weasels? What can we do? All this because some idiot ran into our car!!