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Can the Bankruptcy Court Take Away Your Social Media Accounts?

Can the Bankruptcy Court Take Away Your Social Media Accounts?

If they are business accounts, then yes. A Texas bankruptcy court recently ruled that social media accounts (like Twitter and Facebook) used to promote a business are part of that business’s bankruptcy estate, and the bankruptcy court can order the owner to turn over the passwords. Personal social media accounts, on the other hand, are not part of a business’s bankruptcy estate, said the judge. Of course, determining whether a social media account is personal or instead belongs to a…

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Jointly Owned Homes in Bankruptcy: What Happens?

Jointly Owned Homes in Bankruptcy: What Happens?

A house divided against itself cannot stand.   — Abraham Lincoln (assassinated 150 years ago yesterday) ASK LEON  Bankruptcy expert Leon Bayer answers real-life questions. Dear Leon,  My sister and I are joint owners of a home left to us by our parents. I live in the home and pay for the taxes and upkeep. There is no mortgage. My sister recently filed for Chapter 7 bankruptcy.  She and I are barely on speaking terms.  Here’s the problem. I got…

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Can You Keep Horses and Other Pets in Bankruptcy?

Can You Keep Horses and Other Pets in Bankruptcy?

ASK LEON  Bankruptcy expert Leon Bayer answers real-life questions. Dear Leon,  I am considering Chapter 7 bankruptcy and am wondering what will happen to my two pet horses if I file? They are not worth much; I probably couldn’t even give them away. But I don’t want to file bankruptcy if I have to give them up. Alysia  Dear Alysia, There are a few issues that arise when you file for Chapter 7 bankruptcy and have horses or other household…

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Can I Refinance a Mortgage That Was Discharged in Bankruptcy?

Can I Refinance a Mortgage That Was Discharged in Bankruptcy?

ASK LEON  Bankruptcy expert Leon Bayer answers real-life questions. Dear Leon,  I filed bankruptcy in 2009. One of the debts discharged in the bankruptcy was a mortgage with Wells Fargo. Upon the advice of my lawyer, I did not reaffirm the mortgage in the bankruptcy. I kept my house, and I have stayed current on my mortgage. I just asked Wells Fargo to refinance my mortgage at a lower rate. It told me that it cannot refinance the mortgage because…

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Can I Extend My Chapter 13 Bankruptcy Plan Beyond Five Years to Pay a Claim?

Can I Extend My Chapter 13 Bankruptcy Plan Beyond Five Years to Pay a Claim?

ASK LEON  Bankruptcy expert Leon Bayer answers real-life questions. Dear Leon,  I have been in Chapter 13 bankruptcy for five years and just made my last plan payment. But the trustee now says I have to pay an additional $8,000 before I am done with my bankruptcy and can get a discharge. The trustee has filed a motion to dismiss my case.  I have talked to several bankruptcy lawyers, and they all agree that the trustee is correct – I…

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