Legal Question in Bankruptcy in Florida
We are thinking about filing chapter 13 then later on if we need to switch over to chapter 7, so my question is; we have a loan company that says we can borrow a couple of hundred dollars on our loan, can we do this since we will be paying an attorney the first of the month to file? We have our vehicle as collateral. Do we have to inform the company that we may be filing chapter 13 the first of the month?
Asked on 11/18/13, 10:16 am
1 Answer from Attorneys
R. Jason de Groot
R. Jason de Groot, P.A.
It is not advisable to go further into debt when you are contemplating filing bankruptcy. What you are speaking about initially is what I call a chapter 20, there is no such bankruptcy chapter, but it is the combination of a chapter 13 and a chapter 7.
Answered on 11/18/13, 10:24 am
Related Questions & Answers
-
I am a care taker for a senior of 90 years old. She and her son who lives in... Asked 11/15/13, 5:35 pm in United States Florida Bankruptcy Law
-
In 2011 I filed a lawsuit pro-se January 10, 2013, I retained a lawyer to take over... Asked 11/14/13, 10:09 am in United States Florida Bankruptcy Law
-
What is the so - called reference rule according to bankruptcy law? Asked 11/07/13, 6:58 am in United States Florida Bankruptcy Law
-
What effect does bankruptcy have for monies owed a Homeowners Association and a... Asked 10/15/13, 11:22 am in United States Florida Bankruptcy Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
