My wife and I filed a chapter 13 last year as we still had some equity in our home we were trying to protect it.
My wife has a investment advisory business and one of her creditors challenged us under the stockbroker rule. (which says stockbrokers may not file a chap 11, 13). The judge agreed and dismissed us.
Fast forward to today, we have no more equity in the house and filed a chapter 7. The US gov't trustee said no, we need to be in a 13.
Taking a shot in the dark here, but does anyone know if we are screwed or will a bk court agree with us since we have no other option for relief?
My wife has a investment advisory business and one of her creditors challenged us under the stockbroker rule. (which says stockbrokers may not file a chap 11, 13). The judge agreed and dismissed us.
Fast forward to today, we have no more equity in the house and filed a chapter 7. The US gov't trustee said no, we need to be in a 13.
Taking a shot in the dark here, but does anyone know if we are screwed or will a bk court agree with us since we have no other option for relief?
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