Legal Question in Bankruptcy in Nevada
chapter 7
I�m currently unemployed. However I collect $7500 per month in on rental properties that I am letting foreclose. I�m not paying the mortgages. Does this disqualify me from filing chapter 7
Asked on 1/28/09, 1:17 pm
2 Answers from Attorneys
Jeffrey Cogan
Jeffrey A. Cogan, Esq., Ltd.
Re: chapter 7
No, but if you aren't paying the mortgages the Chapter 7 Trustee may take the $7,500 per month from you.
Answered on 1/28/09, 2:27 pm
James Smith
James E. Smith Ltd.
Re: chapter 7
No, but you will have to turn the rental income over to the bankruptcy trustee.
Answered on 1/28/09, 2:31 pm
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