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Can you file Chapter 7 if all your debt is 5 months or less and then you had a job change and then a job loss?
Wiki User
∙ 18y ago
That would not be an advisable action. Although bankruptcy codes define the definition of BK fraud as a filing made within 60 days of any luxury purchase totaling $1,000 or more, the amount and the specifics of the charges would definitely be a factor. Due to the "rush" of filings before bankruptcy reform goes into action in Oct. 17, 2005, courts are looking very closely at the possibility of any fraudulent intent. An alternative and safer option might be a Chapter 13, but be advised any bankruptcy filing will be quite difficult once new BK reform has become law. It would be a good idea to discuss your options with a qualified bankruptcy attorney, most offer free or minimal fee consultations.
Wiki User
∙ 18y ago
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Can you file personal bankruptcy and medical bankruptcy within a short time period?
If you are referring to a chapter 20 (chapter 7 + chapter 13), then yes it is possible. The BK court doesnt differentiate between the types of debts (i.e. taxes, mortgages, medical debt, or credit cards) so you cannot file a chapter 7 for personal debt, and then expect to be allowed to file a chapter 7 for medical debt soon after.
Can you be current on your credit cards and file chapter 13?
Yes. But in California, you can not have more than ~$330,000 of unsecured debt if you are going to file for Chapter 13. Check your local bankruptcy rules to see if you qualify for chapter 13 bankruptcy based on your debt.
Can you file a chapter 13 bankruptcy on a fraudulent debt with unemployment?
I wish if I knew the answer
What happens if your cosigner file chapter 7 and you file chapter 13?
Then the co signer would no longer have any liability to pay any debt you defaulted on.
You have huge debt medium income do not want chapter 13 will divorce let us file chapter 7?
Divorce will not affect filing chapter 7. If the divorce is final, you will have to file separate chapter 7s. If the divorce is not final, or has not happened, you can file a joint chapter 7.
Can you file bankruptcy if you are current on your bills?
Yes, you can. If you are current, but struggling with credit card debt, medical debt, or other unsecured debt. If your income is less than the median family income for your state, you can probably file chapter 7. If over that amount, you may have to file a chapter 13. Consult an experienced bankruptcy lawyer in your area.
What if you get a job before you file for bankruptcy but need to take it to pay your reaffirmed debt Can you still file for Chapter 7?
Yes.
Should you start a new business if im going to file chapter 7 bankruptcy?
can I start a new business if I'm going to file chapter 7 on my personal debt?
Can keep your rental property if file chapter 7 in Ohio?
If it has value above its debt, probably not.
Can a creditor report you as late to the credit bureaus after you file Chapter 7 but before the debt is discharged?
No.
What bankruptcy should you file?
The type of bankruptcy that you file all depends upon your personal case. If you have little in the way of assets and a lot of unsecured debt, then Chapter 7 is likely going to be the Chapter to file. If you are trying to save a home from foreclosure or reorganize other types of debt, then Chapter 13 would be your best choice. Consult with an attorney to make certain you are filing the proper Chapter for your particular case.
If would have a corporate credit card debt of $20,000.00 and was under stress, could I file chapter 7 and be forgiven of that debt?
It would depends entirely on your financial situation, there is not enough information to determine. If you were to file chapter 7, the that credit card would be forgiven.
