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Can you lease in an open chapter 13?

Updated: 4/30/2024
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10y ago

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Yes, you may be able to lease in an open Chapter 13 bankruptcy, but you may need to seek approval from the bankruptcy court or trustee. Any new financial commitments should be made with caution and in compliance with your bankruptcy requirements. It's advisable to consult with your bankruptcy attorney before entering into any new lease agreements.

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Continue Learning about Law

What chapter is rule 328 in bud not buddy?

Rule 328 in the book "Bud, Not Buddy" by Christopher Paul Curtis is found in Chapter 13. It is a rule that Bud sets for himself about never running as it can attract unwanted attention.


How do you use the word lease in a sentence?

She signed a lease agreement for an apartment downtown.


Cosign lease extension?

To cosign a lease extension means to become legally responsible for the lease agreement alongside the primary tenant. This includes agreeing to uphold all terms and obligations of the extended lease period as a form of guarantee for the landlord in case the primary tenant is unable to fulfill their responsibilities. It's important to understand the implications and commitments involved before agreeing to cosign a lease extension.


Should you have to move because you broke your lease helping a family member?

If you break your lease to help a family member, you should review your lease agreement and check for any clauses related to breaking the lease. Communicate with your landlord about your situation and try to reach a mutual agreement. In some cases, landlords may allow you to break the lease without penalty if the reason is valid.


How can the homestead exemption help against foreclosure in a possible Chapter 13 dismissal?

The homestead exemption can protect your home equity in Chapter 13 bankruptcy from being used to pay off creditors. If the Chapter 13 case is dismissed, the homestead exemption may still provide some protection against foreclosure by allowing you to keep a certain amount of equity in your home. However, without the structure of the Chapter 13 repayment plan, you may still be at risk of foreclosure if you are unable to catch up on missed mortgage payments.

Related questions

Can you lease a car in an open chapter 13 bankruptcy plan?

Yes


Can a chapter 7 be filed with an open chapter 13?

A Chapter 7 can be filed with an open Chapter 13.


Can i buyout my car lease while in a chapter 13?

In Chapter 13, you have the option to continue to pay for your car lease payment or you can opt out of your car lease payment. The trustee may not allow you to buyout a car lease if other outstanding secured debt needs to be paid.


Do you have to turn in your lease vehicle once you file Chapter 13?

Chapter 13 is a reorganization of debt. I wouldn't think so as long as you reaffirmed the loan. Yet read the contract and see if this is even possible


Can you open a savings account while in chapter 13?

yes you can open a savings and a checking both


Is it safe to rent to someone in an open chapter 13 bankruptcy?

What do you mean by "safe"? The rental agreement or lease will not be affected by the Chapter 13, but you as a prospective landlord should make sure the rent amount is in the plan or is supported by the debtor's current income, which would have to be more than the original income. Many Chapter 13s crash in the first year, or before they are completed, and are converted to Chapter 7s. Check with the trustee or check the docket in the bankruptcy court to see if there have been problems.


Can you lease a car in chapter 13 bankruptcy without getting permission from the trustee?

You will need permission from the trustee before doing anything financial while in chapter 13 bankruptcy. You will have already signed paperwork agreeing to full disclosure with your trustee when you filed.


Can you lease your home after chapter 7 bankruptcy?

Yes


Can you leave a chapter 13 bankruptcy open and refinance your current mortgage if the mortgage?

This question is incomplete. In most districts, you cannot incur new debt if you are a debtor in an active chapter 13 case. To refinance or incur any new debt, you have to obtain the consent of the Standing Chapter 13 Trustee in your case.


What can you file Chapter 13 on?

What is Legal to file Chapter 13 on ?


If you gave up a car in chapter 13 will you have to pay for it if the chapter 13 is dimissed?

if your chapter 13 gets dismissed can you buy a car


Can you get a car loan with an open chapter 13 bankruptcy?

AnswerPerhaps, but the terms will not be favorable, most especially the rate of interest. It is also a requirement when in a Chapter 13 repayment bankruptcy, that all major financial transactions have the apporval of the bankrutpcy trustee.