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  1. #1
    Join Date
    May 2008
    Posts
    25

    Default What Accounts Can Be Included In Chapter 7

    My question involves bankruptcy in the state of: Florida

    I have a house in Hawaii that is facing foreclosure. I am now living in Florida. There is no sale date set on the property, as the loan is on hold with the bank for another 30 days.

    I plan on filing for Chp 7 bankruptcy. I wanted to know what accounts I can include in the Chp 7???

    > An overdrawn checking account - over $600
    > Past due bills from the cable company as well as telephone company in the amount of $400+each.
    > Property taxes in escrow? Anything balance in escrow?
    > Unpaid income taxes (which I have not filed yet) for 2007 and 2006?
    > The foreclosure on my home has racked in nearly $55k in fees and whatever, I am sure that's allowable and would be absolved?

    Can I expect to include all these accounts in filing for Chapter 7 or should I expect to have to pay for them, like an overdrawn checking account???

    Thanks for any advice.

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: What Accounts Can Be Included In Chapter 7

    The first question is whether you even qualify for Chapter 7. Assuming you do, your unsecured debts (such as your bank account, unpaid bills, deficiency on your home if you surrender it) should be dischargeable. Taxes, it depends - generally not, but you can discuss the exceptions with your bankruptcy lawyer.

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