Bankruptcy Law/Chapter 7

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Expert: Mark J. Markus- California Bankruptcy Attorney - 10/3/2009


Question
Mr. Markus, I had a chapter 7 bk that was closed in May of 2004 (would that be the same date of discharge?).  I had assests that paid most of the debt.  Does the 70% paid apply to chapter 7 wanting to file chapter 7 again? This time I co-signed for vehicles that were repossesed and maxed out a couple of credit cards believing my husband was going to take care of it all.  I haven't worked for a couple of years because of a disability that I currently do not get ssdi for.  I have no assests this time and no income.  Do I have any means of relief?

Answer
At this time you can file a Chapter 13 case (assuming you're within the debt limits).  You cannot file another chapter 7 until 8 years after your last chapter 7 case was filed (you did not provide that information, so I cannot do the calculations on that).

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Mark J. Markus- California Bankruptcy Attorney

Expertise

Mark J. Markus is a Los Angeles bankruptcy attorney who has practiced exclusively bankruptcy law in California since 1991 and is rated A+ by the Better Business Bureau and is AV-rated by Martindale-Hubbell. He represents debtors, creditors, and Trustees in Chapter 7, Chapter 11, and Chapter 13 of the bankruptcy code throughout California.

Experience

Visit our California bankruptcy webpage at http://www.bklaw.com for more information on bankruptcy in general and Mark J. Markus in particular. Many questions are answered on the web page (hint, hint).
The Markus webpage also contains more information on

  • Which Chapter to File,
  • business bankruptcy,
  • chapter 7 bankruptcy,
  • chapter 11 bankruptcy,
  • chapter 13 bankruptcy,
  • Do You Need a Lawyer to File Bankruptcy?
  • Frequently Asked Bankruptcy Questions

    Also visit our Los Angeles bankruptcy blog for interesting articles and much more.



    Organizations
    Central District Consumer Bankruptcy Attorneys Association (CDCBAA) Los Angeles County Bar Association (LACBA) Commercial Law & Bankruptcy Section of the Los Angeles County Bar Association Financial Lawyers Conference (FLC) National Association of Consumer Bankruptcy Attorneys (NACBA) Los Angeles Bankruptcy Forum (LABF) American Bankruptcy Institute (ABI) San Fernando Valley Bar Association (SFVBA)

    Publications
    Central District Consumer Bankruptcy Attorneys Association Newsletter September 2007 (Vol. 1, Issue 2)

    Education/Credentials
    J.D., University of Arizona 1990. B.A. Economics, California State University, Northridge 1986. For more details please click here

    Awards and Honors
    AV Rated by Martindale-Hubbell (http://www.martindale.com) A+ Rated by Better Business Bureau

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