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Can you buy a home after chapter 7 if you dont have any assets?
Wiki User
∙ 18y ago
Generally within two years of a bankruptcy discharge the consumer(s) can usually find a mortgage lender. Of course the consumer must have established a good credit history, have acceptable income level(s), and so forth. Even if all the criteria is met the lender may require a cosigner.
Wiki User
∙ 18y ago
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Do you need a trustee for chapter 7?
Yes, but the court usually appoints one for you. In Chapter 7, the trustee's job is to gather your non-exempt assets (if any) and sell them to pay the creditors, or to verify (as in most cases) that there's no non-exempt assets.
After filing chapter 13 do you have to move out of your house any period of time?
Generally you should not have to because a chapter 13 protects your assets through the payment plan you filed with the court.
Are there any chapter summaries of Worldshaker by Richard Harland?
i dont know bruss!
Do you have too pay any of the mortgage back after a chapter 7 bankruptcy?
no you dont have to
Is it a requirement to list your house as an asset when filing for chapter 7 if there is no equity in it?
When filing for bankruptcy, you must list any assets you own regardless of their value.
If you file bankruptcy in one state and own a home in another state may you keep it?
The answer depends on the type of bankruptcy you file and the value of your home. In Chapter 7 bankruptcy, you may be required to sell the home unless it falls within certain exemption limits. In Chapter 13 bankruptcy, you can typically keep your home and create a repayment plan to catch up on missed mortgage payments. It's best to consult with a bankruptcy attorney to understand your specific situation.
In what chapter does napoleon let his gods chase out snowball?
napoleon doesn't have any gods--he has guard dogs. and i dont remember the chapter but it is near the middle of the book
If an LLC declares bankruptcy how are owed employee wages handled?
If an LLC declares Chapter 11 bankruptcy the employees wages will continue to be paid as normal. However, under a Chapter 7 bankruptcy, the employees are listed as creditors, and wages are paid out with other creditors from any remaining assets, if any remain.
Is there any example for current assets?
examples for current assets?
Can you claim against a bankrupt?
You can file a proof of claim with the courts. Whether or not it is worth the $50 or not depends upon which chapter of bankruptcy has been filed. Typically, under a chapter 7, all assets are totally liquidated and there arent enough funds left, if any, for unsecured creditors. In other chapters, it may be worth a shot. Dont bet on any payouts right away, typical plans put unsecureds at the very end, usually 3 to 5 years.
What is a straight bankruptcy?
Basically, a straight bankruptcy means a Chapter 7 "No Asset" Bankruptcy. This type of bankruptcy is of the simplest form, and I say the simplest because there are no assets involved, and/or if there assets such as a home and vehicle, they are secured as collateral and are under water, such that a trustee would not be interested in selling off for the benefit of the creditors. A Chapter 7 Bankruptcy "No Asset" pretty much takes about 3-5 months from filing to discharge, the goal being to liquidate, if any and obtain a fresh start. Call me at: 1-888-291-6682 for any bankruptcy related questions. I am a licensed California Attorney.
Can you file chapter 7 with money in a savings account?
Chapter 7 is total liquidation, so basically you present the court a total financial picture of yourself, assets and debts. The court will distribute what it can of your assets to your creditors. In my case, I had no assets but the court took my 2700 tax refund and distributed it. So my answer is yes, they would force you to hand over the funds to the trustee.
