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Consumer Bankruptcy : Chapter 7, Chapter 13, Protection From Claims of Creditors
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  #1  
Old 06-28-2002, 12:50 AM
tomcor
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Mining Claim?


What is the name of your state? Nv.
I have filed Chap 7 already. I have 2 mining claims which are in my name. They don't have any value for Assets. Do I need to list them in my filing forms.
Thanks
  #2  
Old 06-30-2002, 08:29 AM
dorenephilpot
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There's a statement of affairs portion of the petition that has a place for you to list any pending lawsuits.

List those lawsuits there.
  #3  
Old 07-01-2002, 07:30 PM
tomcor
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Mining claims?


I don't have any lawsuits pending. I have 2 mining claims in Nevada that are in my name. Are mining claims considered an asset. I don't know if they have any value, I just staked 2 mining claims in hopes of future of them being wanted by a mining company.
  #4  
Old 07-02-2002, 06:53 AM
dorenephilpot
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I had to laugh when I read your answer because I so thoroughly misunderstood you. Sorry.

I thought you had some worker's comp or some type of lawsuit against a mining company that might potentially be of value.

Let me try again: Yes, you would list those under your assets owned. As to value, you're going to have to take a guess or put "unknown" as the value.

You'll probably be asked about them at the hearing because I'm sure that's not something the trustee sees every day, but I can't imagine that the trustee will send someone to run out and investigate those.

Hope this info helps!
  #5  
Old 07-04-2002, 09:04 PM
tomcor
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Thanks


Thanks for the advice.
I figured I would post the question here. I do have a lawyer already will consult with him also, Sure is nice not having to pay those dead end credit card bills....
  #6  
Old 07-05-2002, 07:25 AM
dorenephilpot
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It's so easy to get in over your head with those and SO hard to dig out. If you pay only the minimum payment every month, you never dig out it seems.

Most folks don't need to file more than once, and you'd be amazed at the number of people who do have to go that route.

I'd say about 25 percent of folks who divorce do a bankruptcy (especially the younger ones). The rest are due to job loss and major uninsured medical expenses.

Sometimes it's purely credit card debts, but usually there's also one other causal factor.

Best of luck to you!
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