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narf
Junior Member
Last Activity: 07-07-2014, 08:26 PM
Joined: 05-01-2010
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  • Huge income tax increase in chapter 11

    Just heard from IRS. Our 2010 tax return was audited and they are requesting nearly $11,000 in back taxes, penalties and fees.

    Will talk to the accountant who prepared the return tomorrow, but in the meanwhile I'm in a panic.

    Back story: Filed chapter 11 in July 2010 (too...
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  • narf
    replied to BK friendly checking accounts
    if you're filing Chp13 I know for sure TD bank offers DIP (Debtor in Possession) checking accounts. no fee/no interest. can link with a debit card just like any other checking account
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  • Creditor is not one of those you listed but seems to fit the MO.

    Regarding your earlier comment about affadavit of lesser/no bonus, this is not possible. I work for a large multinational company and bonus are based on a complex formula that includes total sales (as one of many I have...
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  • Yes, was close family member (grandmother) and to further complicate, I was executor and trustee for her estate (which consisted of the land that the co-signed mortgage was on) and the land was subdivided off of the lot containing her personal residence.

    Not sure I want to bait the Trustee....
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  • Des.

    I was not clear enough - the major debt is for a residential lot (considered commercial from bank's point of view since there is no home on it) - I cosigned a personal loan with elderly family member for this parcel to cover her medical expenses (stupid I know), property dropped in...
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  • Typo corrected - filed in July 2010.
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  • narf
    started a topic Adversary demanding 100% of bonus for 5 years!!

    Adversary demanding 100% of bonus for 5 years!!

    - warning - long, complicated story ahead -

    I filed an individual Chapter 11 in July 2011. I have a large income and did not qualify for 7; I have large debts and did not qualify for 13, so that's how I came to a Chapter 11 filing. The main debt (90% of total) was a mortgage on a piece...
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  • narf
    replied to Converting Chapter 13 to Chapter 11
    Highlife -- I am in the early stages of a personal Chapter 11 (filed Jul-10, plan delayed due to difficulty valuing debt - main creditor sold the mortgage on an asset - not my personal residence - to another company after I filed which took quite a while). I hope to have plan approved and confirmed...
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  • narf
    replied to Citi automatic payment from checking account
    Put a permanent stop payment on the autopay from your checking account!!!! That is the only way to stop them in my experience-I spoke to Citibank several times, asking them to stop and they took out two monthly payments -each time when I called customer service to complain they claimed it was a mistake...
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