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Can you negotiate with creditors if you cancel a chapter 13 bankruptcy?
Brikul59
Sure, you can always negotiate- but your creditors are not bound to deal with you.
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∙ 13y ago
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Does chapter 7 bankruptcy cancel debts to foreign person?
BK cancels debts to a foreigner/resident alike- assuming the debt is dischargeable in the first place.
Can you list State and Federal debt or creditors on bankruptcy?
That would depend on the type of debt. Some taxes are not discharged in bankruptcy. Although it is not true that all state and federal taxes are immune to bankruptcy proceedings. Depending on the circumstances some are dishargeable.
Can you keep your vehicles that are listed in a Chapter 13 bankruptcy if you choose to cancel the bankruptcy?
You can keep them as long asa you keep paying the car loans. But beware that there is court precedent where a creditor can force you to either surrender the property or reaffirm the debt. Reaffirming the debt is never a good idea.
Can you add furniture rental to your chapter 7 in MD?
you have the choice to keep (reaffirm) a rental contract or to cancel it. The lender might be willing to negotiate with you to reduce the rent. Any past due rent payments will de discharged.
Can you cancel your insurance if your car is in bankruptcy?
Absolutely not! If you are still using the vehicle, it must be insured. However, the insurance payment would not be covered by the bankruptcy.
Once you filed Chapter 13 can you cancel it?
You can move to dismiss the case. It is rare that this would be a good idea. You can convert to a Chapter 7 or ask to have plan modified to the amount paid if your financial circumstances have deteriorated to the point you cannot complete the plan. Your debts will not be discharged if you have your case dismissed. Consult a bankruptcy lawyer.
Can you charge on a credit card that is in your bankruptcy AFTER actually filing bankruptcy?
"Whether a debtor keeps credit cards after filing bankruptcy is up to the credit card company. If you are discharging a credit card they will cancel the card unless you reaffirm the debt. Even if you have a zero balance the credit card company might cancel the card."
Can a lien on property be avoided in Chapter 7 bankruptcy if the invoice was discharge as nonsecure?
A petition to have the lien removed can be made to the court. The bankruptcy discharge will not automatically cancel it out. I am assuming "nonsecure" refers to the creditor who holds the lien (such as a credit card debt). This is not a factor in whether or not the lien will or can be dismissed. Refer to the statutes of the state of residency, governing such actions.
How does bankruptcy affect union pay?
Bankruptcy is serious. The bankruptcy judge has all sorts of power to modify or cancel various contracts including the contract between the union or unions and management. No one rule exists concerning unions. Each bankruptcy is different.
Why did the new york dragons stop playing?
On December 14, 2008, the Arena Football League announced it would cancel the 2009 season, but hoped to return in 2010.[3] On July 20, 2009, Sports Business Journal reported that the AFL owed approximately $14 million to its creditors and were considering filing for Chapter 11 bankruptcy protection. Owners were also exploring the expansion franchise in Pittsburgh in order to use the expansion fees to help pay off the debts and infuse enough cash into the league to hold the 2010 season.[19] In early August 2009, numerous media outlets began reporting that the AFL was folding permanently and would file for Chapter 7 bankruptcy
What chapter in Harry Potter and the Chamber of Secrets did Professor McGonagall cancel the match between Gryffindor and Hufflepuff?
Chapter Fourteen - Cornelius Fudge.
If you are a secondary card holder and the primary card holder declares bankruptcy how does that affect your score and what if you cancel your account before he declares bankruptcy?
If the BK filer is allowed to discharge the debt a joint account holder who is not a party to the bankruptcy becomes solely responsible for the entire amount. Cancelling or closing the account will not change the fact that the person will still owe the debt and it will eliminate the possibility of said person to negotiate terms with the lender if it becomes necessary. If the joint account holder continues to meet the required terms of the account agreement his or her credit score will not be negatively affected.
