betrayedbyboth asked:


My wife and I are divorcing and it looks as though I will clearly have to declare bankruptcy after the divorce. Are the assets awarded to her in the divorce eligible for the court to seize to pay my debts even though they are now hers awarded by a court? I live in Michigan.

Michael M asked:


A company owes me a substantial amount of money. I am their largest creditor. Their liabilities are significantly more than their assets. They refuse to make any payment arrangements. I want to force them into an involuntary bankruptcy. How and where do I begin the process of forcing them into bankruptcy? I am in the same state the company is in. Can I force a liquidation BK rather than a reorganization BK?

cory asked:


I am thinking of filing for bankruptcy. Can creditors touch the equity I have in my home? What assets can they cease?

sixfiguredesi asked:


I may have to file Ch7/13 and my loan application has an overstatement of assets. There was no fraud intended. However, there is no date on the application. Can it be thrown out in bankruptcy court?

canionboyd asked:


My family, along with their company, is being sued for nearly $2M. We, along with the company, will have to file for bankruptcy. Does bankruptcy protect some of our cash to live on, and what assets do courts typically expect to be sold off to pay the lawsuit assuming all other debts are paid?