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How long will it be until unsecured creditors contact you after your chapter 13 is dismissed?
Wiki User
∙ 17y ago
There is no definite answer as creditors establish their individual collection procedures, it might also depend upon whether it is the original creditor or a collection agency.
Wiki User
∙ 17y ago
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In case of bankruptcy dismmissal is the debtor obligated to pay the creditors?
If the case was dismissed (not discharged) then you are still responsible for everything. Dismissed = you owe everything the same as before filing Discharged = bankruptcy completed and you owe nothing more. Speak with an attorney about your specific situation. If you can not find an attorney, contact your local Bar association and they will refer you to one.
Is there a sample letter to notify debtors of bankruptcy?
There are letters that attorneys use to notify creditors of a debtors bankruptcy. This letter states that the individuals have filed bankruptcy and the creditors are to cease all contact and attempts to collect their debt.
What is the best Debt Management Company in Dallas?
For a free no obligation quote please call 1-866-454-5044 today! We negotiate with your creditors for reduced debt settlements . Your unsecured debt will be negotiated for you by a team of debt settlement professionals. We settle your debts to creditors for 40% to 60% of what you currently owe and you can take up to 3 years to pay it off. We will provide you with one low, affordable monthly payment. Personal credit card debt settlement is not a Consumer Credit Counseling Service or a consolidation loan. Credit card debt settlement is a legitimate and legal way of solving your debt and credit problems without the need for bankruptcy. As your representative, CreditAllianceGroup will contact your creditors. We will immediately contact each of your creditors (unsecured debt) to inform them that we represent you and your desire in settling the debt with them. Reaching a settlement usually only takes a few phone calls and correspondence. Once your debt is paid, its eliminated forever. When a settlement is reached (and agreed to by you), we will secure the settlement offer in writing from the creditor and facilitate the payment. Once the creditor receives the negotiated payment in full, you are free and clear of that debt. We will persistently continue to negotiate all of your debts until all of your debts have been eliminated in the program within 12-36 months. CreditAllianceGroup works on your behalf, not the creditors.Our team of experts have settled millions of dollars of unsecured debt for people just like you. With years of experience in the consumer credit debt relief industry, CreditAllianceGroupwill help you work through these tough times until you become financially free!
Where can one find information on unsecured credit card debt?
You can find information on unsecured credit card debt by going online and looking on various finance sites. You can also contact your local building society or bank and they will provide you with all the information you need and will give you advice if needed.
How do i get out debt?
The simple answer is - discipline ! Work within a budget. Contact creditors and arrange a lower monthly payment. It might take some time - but eventually you can be debt-free.
You are being sued for s unsecured loan of 17000 dollars will chapter 13 bankruptcy stop creditors from taking your rental property?
If you file. It will put a stay on your creditors and they will have to halt there collections. You need to contact a bankruptcy attorney to confirm.
After filing chapter 13 can you change it to a chapter 7?
Before the new laws it was easier to convert. Depending on your ability to pay back your creditors. Please contact your attorney if you are having problems paying back you chapter 13.
What happens if you miss your meeting of creditors in a California Chapter 7 bankruptcy?
You will probably receive one more chance. You need to have your lawyer contact the bankruptcy trustee and see if it can be rescheduled.
In case of bankruptcy dismmissal is the debtor obligated to pay the creditors?
If the case was dismissed (not discharged) then you are still responsible for everything. Dismissed = you owe everything the same as before filing Discharged = bankruptcy completed and you owe nothing more. Speak with an attorney about your specific situation. If you can not find an attorney, contact your local Bar association and they will refer you to one.
Chapter 7 is granted what happens?
Once the Chapter 7 BK has been finalized, your creditors must leave you alone. They cannot contact you for payment of that debt. The only reason a creditor may contact you is if they are not named on the creditors list. Then, depending on how long it's been since the Ch. 7 BK was finalized, they might be able to be added to the list. If not, then you will be fully responsible for that debt. Good luck, and cut up those credit cards!
Where can I take out an unsecured personal loan to buy a yacht?
At this income level, you are not likely to be able to take out an unsecured loan, and a yacht is most likely out of your reach. Still, you can contact any bank or credit union to learn the requirements for unsecured loans.
If you had a bankruptcy removed from your credit report would you still be able to challenge that dispute in the same manner after 6 years?
If the bankruptcy was removed from your credit report, you may not be able to challenge it as a dispute in the same manner after 6 years. The information should no longer be present on your report if it was successfully removed, so there would be nothing to dispute. It's important to regularly check your credit report to verify that the bankruptcy has been properly removed.
If some creditors still contact you about preexisting debts after filing Chapter 7 what recourse do you have prior to contacting your attorney?
You can inform them of the Circuit Court (or whichever applies) the BK was filed, and the Case/Docket numbers. However, the attorney handling the filing should be notified. Dealing with creditors is part of (or should be) the client and attorney agreement.
One month after your chapter 7 debts were dismissed you won some money would you have to contact the trustee?
Technically, a "dismissed" Chapter 7 case does NOT discharge your debts; but you say "debts were dismissed", so I assume it's a true discharge (like most bankruptcies). If you mean "won" as in winning a sweepstakes or lottery, the trustee can't touch it since you weren't legally entitled to it when you filed. However, if you won a lawsuit over something that occurred before you filed, it should have been included in your estate; unless it was exempted in your filing (rare), the trustee is entitled to it.
How do you get a lien removed from a property deed if the debt was paid off in a chapter 13 bankruptcy?
You must have the lien avoided in the bankruptcy court. This has to happen before the bankruptcy case is closed or you have to petition to have the case re-opened. LIENS SURVIVE BANKRUPTCY UNLESS YOU SPECIFICALLY MOVE TO HAVE THEM AVOIDED. Let me add to the last post. Most of the time, the creditor who has the lien is listed as unsecured, even though they are technically secured. You need to review your bankruptcy to see how the claim was handled. If it was paid as secured (100%) or 100% to unsecured, then contact the creditor. If the debt was paid as unsecured (less then 100%), then you must have the lien avoided. Most chapter 13's are less than 100% to unsecured.
I am an unsecured creditor of a company that has filed chapter 11 Must I do anything else other than file the proof of claim form to let the court know I have a claim against the company's assets?
No, you've done it all for now. You will probably find that the Co has a Bankruptcy Administrator that is really handling a lot of the details, for both the BK, the Court and the Creditors. They generally have a website where you can track filings and responses, things like that. (call the Co if it wasn't provided, if they have one they'll tell you). Also good to contact the creditors committee and make sure they no you want to be included. Of course all this depends on the size of the Co, the size and type of your claim, etc.
How do you find the amount that i owe each account on an account payable?
Contact your creditors.
