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Bankruptcy 13 Issue with Assets? Business Bankruptcy

Discussion in 'Bankruptcy Law' started by uptightdebtee, Dec 17, 2010.

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  1. uptightdebtee

    uptightdebtee Law Topic Starter New Member

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    I currently owe $65K in revolving credit card debt.
    I have just short sold my house in California.
    I am self-employed and make $500 to $2000 a month; fluctuates.
    I own a 10 year old car.

    I went to an attorney, he advises I file chapter 13.
    He assures me they can't take assets in a chapter 13.
    I am worried they will take assets belonging to my mother that were put into my name several years ago for safekeeping from mismanagement by my father who has a poor track record of financial management.
    I am looking for a 2nd opinion.
    Are there any scenarios where they would be able to confiscate my mother's money and property just because they were in my name?
     
  2. despritfreya

    despritfreya Active Member

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    What on this earth are you talking about? Clearly you have no business giving any kind of legal advice and are just a spammer.

    The original post deals with a Chapter 13, and as far as I can tell, the Country of Australia is not mentioned. A Trustee DOES NOT, I REPEAT, DOES NOT liquidate assets in a Chapter 13.

    Please take some classes in “Bankruptcy 101” you might learn something, although I truly doubt it.

    Des.
     
  3. Michael Wechsler

    Michael Wechsler Administrator Staff Member

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    You are correct in your assessment. We've had a recent rash of spammers whom have been banned and posts removed.
     

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