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    1. T

      1041 tax form

      thanks tm, in regards to your question, i think i misread it. i am looking at a 2015 k-1, that i filed for my mom. at the bottom of part 3, it says Note. A statement must be attached showing the beneficiary's share of income and directly apportioned deductions from each business, rental real...
    2. T

      1041 tax form

      hi cbg, are you paging TM for me ? thanks
    3. T

      1041 tax form

      hi, i thought this belonged more in the estate section, than the tax section ? i filed several 1041s years back. but it only was interest income for my mom. now the trust is making taxable income for me and my 2 sisters, as my mom has passed away q1) since i am renting out the house for the...
    4. T

      Filing A NOD

      from what i am gleaning, it does not look like a reorganization will be occurring. i am guessing the debtor does not qualify, for one reason or another
    5. T

      Filing A NOD

      thanks tm, this one is the involuntary type. i think what des was asking me is whether there has been a ruling on whether the debtor can get rid of the bankruptcy being forced upon him. what i tried to tell him is that while i am not positive, i think we have moved beyond that stage. such...
    6. T

      Filing A NOD

      hi des, when you say "adjudicated as an ip", i am interpreting that to mean whether the debtor is gonna be able to throw the bk out of court if that is what you mean, then i am fairly sure the case has already moved beyond that. i have been told that the debtor plans to be aggressive so i...
    7. T

      Filing A NOD

      hi quincy, i forgot to thank ya for sending des along
    8. T

      Filing A NOD

      if i were to go thru the process of getting a relief now (with this chapter 7 trustee), would i have to get another relief if it were to go to the reorganization mode ? i dont think i have a good chance of getting one, right now - because of my equity position. but if the trustee has not...
    9. T

      Filing A NOD

      hi des, many of the investors had already started foreclosure. they may not have had the same level of security as me. or they simply never allow the borrower to get 4 months behind. i assume the trustee informs everyone that had filed foreclosure, about the bankruptcy ? if they do...
    10. T

      Filing A NOD

      ok, great. the one small bk was probably a 13. the other 2 were big, and involved many properties. one of them was my prop mgmt company. the other one was a big construction project. each time i have a problem, at least i learn by it.
    11. T

      Filing A NOD

      ok, thanks. i know one of the owners is the main culprit. i dont recall all the specifics, but he has done some sorta bad stuff. i would not be surprised if he is not allowed to run it, himself. i have had 3 other bks in the distant past. i got sorta instant reliefs. i would not have had...
    12. T

      Filing A NOD

      if it converts, is there a chapter 11 trustee in charge ? if so, is it usually the chapter 7 trustee ? i am not sure if the answer period has expired or not. like i said, the bankruptcy is fairly new, at least as far as i know my first knowledge was an email sent to us by our servicer. so...
    13. T

      Filing A NOD

      if this does change to a chapter 11 like you think it might, is it apt to still have all these secured properties under its umbrella ? the lawyer told me that it is their intention to gradually release the secured properties. but whether that is truthful, or when they do it, is unknown. to...
    14. T

      Filing A NOD

      i dont think i did come off as a pompous arss though - just between you and me. it was not my intention. i just politely told her that the rate is now at 11%, and it would be cheaper the sooner they bought it. i kept my real feelings about the mess to myself.
    15. T

      Filing A NOD

      you gotta be kidding me - the court can modify the agreement signed between me and the borrower ? i have seen default rates at 18%. but i am not greedy. the loan itself is at 8.5%, if i recall. i am not positive. it wasnt a big deal to me. i just wanted a safe place to make some money...
    16. T

      Filing A NOD

      thanks, i do not think your assumptions are correct. but you did describe what is going on. i thought i would try to explain the situation more clearly, in case it makes a difference. the company is a loan broker. i am a lender on one of the 60 or so properties. about a half dozen entities...
    17. T

      Filing A NOD

      you guys are hilarious with all your abbreviations. i actually knew what an RFS was, cuz i had to look it up, previously. it is a chapter 7. yes, that is what the debtor is doing, as you described. which is why i am involved in it.
    18. T

      Filing A NOD

      i dont think so
    19. T

      Filing A NOD

      ok, thanks
    20. T

      Filing A NOD

      in a bankruptcy forum ? to be honest, i would not be interested in what they have to say, if that was true

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