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On bankruptcy schedule d creditors holding secured claims. What does it mean when value of property is 2500 amount of claim is 4000 unsecured portion is 1500 Does that mean you have to pay back 1500?
It depends what type of bankruptcy it is. In a Chapter 7, the debt will disappear, but the security interest will not. Therefore if you surrendered the car to the bank and they sold it for $2,500, leaving $1,500 still owed on the note, then you would not be liable for that amount. If you wish to keep the collateral, you will have to pay off the full value of the note ($4,000.00). This property, which is probably a car, is what you would call 'underwater', since it's worth less then you owe against it. In a Chapter 13 you have to pay secured claims through a plan, but you may be able to 'cram down' the amount that you pay to the value of the car, instead of the full amount that is owed.
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Claiming Back Taxes in Bankruptcy Only if they are more than three years old and meet specific requirements More specifically, yes, taxes may be discharged in bankruptcy and… are in a suprisingly low claim priority position....I believe 7th. Generally, income taxes for periods more than 2 or 3 years previous are not able to be assessed, being past the Statute of Limitations (however a number of items may extend that statute), and would not need o be claimed.
On a bankruptcy filing form what does it mean when it asks schedule F creditors holding unsecured nonpriority claims and asks for the date claim was incurred and consideration for claim?
Answer Creditors are either secured or unsecured. Secured creditors such as the mortgage on your house or you car loan go on Schedule D. Unsecured creditors (cr…editor without liens or collateral) are either priority or nonpriority. The only creditors who are classified as priority go on Schedule E and Schedule E contains a list of the categories. Every other creditor (general unsecured creditors) goes on schedule F. The most common example of unsecured nonpriority creditors are credit cards and medical bills. You basically need to give a general description of what you bought and when you bought it. You don't need exact dates.
Example: you, a debtor, owe me $10,000. I owe you $5,000. I can set off my debt to you, meaning that you cannot collect the $5,000 I owe you. Your debt to me is reduced …to $5,000. The most common type of setoff involves a bank. Your deposits in a bank constitute the bank's obligation to you. If you owe the bank $100,000, and the bank has $5,000 in deposits from you, it can zap your $5,000, and now you owe the bank $95,000.
claim (v.) To demand, ask for, or take as one's own or one's due: claim a reward; claim one's luggage at the airport carousel.. claim (v.) To take in a violent manner as if b…y right: a hurricane that claimed 2 lives have sex.
Court meant the upper royalty and advisors to the Queen. Court would have included people that the Queen would want to invite to be with her when any ceremonies or parti…es were held.
Creditors holding secured claims cannot be dismissed in a bankruptcy. These claims will have to be reaffirmed or they can take back the property.
Secured debts take priority over unsecured debts in a bankruptcy proceeding.
NO. Bankruptcy proceedings are used because you are not capable of paying 100% of your debts (otherwise your bankruptcy claim will be rejected by the court), and unsecured deb…ts have greater chance of a lower amount of directed settlement from the bankruptcy trustee's work than secured debts (or certain excepted unsecured debts). Note that there is an excellent perspective book both about Chapter 7 and Chapter 13 bankruptcy: "The New Bankruptcy, will it work for You?" 3rd edition (published in 2009 by Nolo), by Stephen Elias (a bankruptcy attorney). In the public library system for Colorado Springs, I found it at 346.078 E42N (Dewey decimal system).
Definition: The standard claim format used by health plans on which to consider payment to the medical provider.
It is the form that is required for use when billing an insurance company for health care services given. It is used by all types of health care providers who are billing insu…rance.
Pedro Alvares Cabral follwing order from King Dom John VI Pedro Álvares Cabral
You have the right to receive notice of the 341 meeting (first meeting of creditors) and the right to attend that meeting and ask the debtor any questions relating to the bank…ruptcy or to your claim if you believe you might be entitled to avoid a discharge or if you believe the debtor is committing fraud by hiding, failing to disclose or has transferred assets prior to filing. Keep in mind that such assets go to the trustee to pay him/her and then for any costs on acquiring those assets for the estate and the the balance gets distributed pro rata to all the unsecured creditors.
How long does it take for Social Security to issue back-pay on a disability claim and how much will it be?
The length of time it takes to receive a decision on your disability claim is from 3 to 5 months. It can vary depending on several factors, but primarily on: the nature of you…r disability;how quickly we obtain medical evidence from your doctor or other medical source;whether it is necessary to send you for a medical examination in order to obtain evidence to support your claim; andIf your claim is randomly selected for quality assurance review of the decision. If you have further questions, you may call our toll-free number, 1-800-772-1213 or TTY 1-800-325-0778. Our representatives will be glad to help you in any way they can. Go to the SSA.gov website and use the search box for HOW LONG WILL IT TAKE TO GET THE DISABILITY BENEFITS or copy and paste the below website address in your address bar.
it is the form used at the doctor's office for bililng purposes.
A secured loan is a loan in which there is physical collateral, meaning there is a physical item of worth that can be taken by the bank if the loan is not paid. Examples of th…is include a car loan or mortgage (house loan); the car or house are the collateral and therefore are the 'security' that the bank will not lose money on the loan. An unsecured loan is a loan in which there is no physical collateral, meaning there is no item of worth the bank can take if the loan is not paid. Examples of this include credit card debt or a student loan; in these cases, if the loan isn't paid the bank has to use a collections agency to try to get the money back.
They would legitimately be entitled to be a party to the settlement but would need to apply to the bankruptcy administrator for consideration in this instance.
It depends on when the amended claim is submitted. If before the plan has been approved, it means you owe more - or less - than the original claim, and the plan may have to be… amended. If after, it may mean you have not paid all the payments due since the case was filed and your case may be open to a dismissal motion and order. Talk to your lawyer.