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Here's a link to a great site that will tell you what you can keep in a Chapter 7 filing: http://bankruptcy-law.freeadvice.com/consumer_bankruptcy/property_filing.htm

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โˆ™ 2006-05-20 22:57:27
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Q: Do you need to state life insurance money previously received when filing a Chapter 7?
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Related questions

Can you receive a car accident insurance settlement after filing a Chapter 13 bankruptcy if the accident happened after the filing?

Yes


Will filing bankruptcy affect your car insurance?

I have file for Chapter 7 twice and it has had no effect on my car insurance.


What happens if you wreck your car after filing for Chapter 13 bankruptcy?

If you wreck your car after filing for Chapter 13 bankruptcy you can file it on your insurance. You can then replace your car based on the bankruptcy order.


Can you change your bankruptcy filing from Chapter 13 to Chapter 7?

can you change your filing from chapter 7 to chapter 13 ?


How after filing chapter 13 to file for chapter 7?

You may file for Chapter 7 at any time after filing Chapter 13.


Can you surrender your vehicle after filing chapter 13?

Can you surrender your vehicle after filing chapter 13?


If you filed for ch-7 bankruptcy in November of 2002 when can you refile for ch-7?

Generally, you cannot be discharged of debt under Chapter 7 if you received a Chapter 7 or Chapter 11 discharge within the six years before the filing of this petition or if you received a Chapter 12 or Chapter 13 discharge in a case that paid less than 70% to the unsecured creditors and was filed in the six years before the filing of this petition. These restrictions do not apply to a previous Chapter 13 bankruptcy. If you wish to file for chapter 13 bankruptcy however, the court lets you do that one time automatically after already filing for chapter 7 bankruptcy.


Should you spend your tax refund before you file for chapter 7 bankruptcy?

If received for last year yes. the one for next year, received after filing, no.


How many times can you file bankruptcy?

Currently, basically as many times as you can stay within these guidelines: Under the bankruptcy laws effective on October 17, 2005, Chapter 7 cannot be filed unless the debtor was discharged from the previous Chapter 7 or bankruptcy more than eight years ago. The debtor cannot file a Chapter 13 unless: (1) the debtor received a discharge under Chapter 7, 11 or 12 more than four years ago; or (2) the debtor received a discharge under Chapter 13 more than two years ago.


Does a chapter 13 bankruptcy filing stall foreclosure?

Yes. It is the most common reason for filing a chapter 13.


How does filing an accident report affect your driving record and insurance if you are not filing an insurance claim?

It goes on your record and your insurance rates get adjusted.


How much time between filing chapter 7?

It depends on why you were not able to complete your initial chapter 7 bankruptcy petition. Generally, you cannot be discharged of debt under Chapter 7 if you received a Chapter 7 discharge within the six years before the filing of this petition. You are however allowed to file for chapter 13 if you only filed for chapter 7 once already. For many that is the best and easiest option.


In a Chapter 7 bankruptcy a person filing for relief is called a?

In a Chapter 7 bankruptcy, a person filing for relief is called a


Why is it important to bill the insurance as soon as all required documentation is received?

to avoid a denial for being out of the timely filing period


Does income count AFTER you file chapter 7?

The income you make after filing for chapter 7 does not count. What counts is all you had before filing.


When can you file a chapter 7 bankruptcy again if you filed a chapter 7 in 2004?

You must wait 8 years after the filing of the petition before filing another chapter 7.


How long do you have to wait to file bankruptcy after last bankruptcy?

You have to wait eight years after filing for Chapter 7 and 4 after filing for Chapter 13.


What can be done to attain employment at 60years old after filing chapter 7 bankruptcy What if there is reasonable reason for filing chapter 7 Could the reason for bankruptcy be told to the employer?

How to get after job filing chapter 7 bankruptcy once it appears on the credit report


Will filing Chapter 7 allow your insurance company to cancel your insurance or increase your rates?

The insurance industry has pulled credit for many years to determine eligibility and rates. Rather than obtain a general answer to your question, why not pose it in a specific form to your agent?


Can you own a storage unit when filing a chapter 7?

You can own anything you want when filing.


When can you file chapter 13 after filing chapter 13in the past?

You can file a another 13 after 2 years have passed from the previous 13 filing date.


When do you get discharged from a chapter 7?

about 4-5 months after filing chapter 7.


Is there a form to file a Motion to Amend a discharged no-assets Chapter 7 and add previously unknown creditors of debt incurred before filing?

No, there is not an option for reopening a discharged BK to add creditors, such action only applies to assets or income that was not included in the original filing.


Can you file both a chapter 7 and a chapter 13?

Believe it or not, the ploy is called a Chapter 20! A so-called "Chapter 20" bankruptcy is the process filing of a "Chapter 7" bankruptcy to discharge unsecured debts, followed by a "Chapter 13" bankruptcy to allow the debtor to catch up on mortgage payments. The 2005 Bankruptcy Reform Act attempts to limit "Chapter 20" bankruptcies by imposing limits on the filing of successive bankruptcies. Under current bankrupcy law a Chapter 13 bankruptcy may be filed only once every two years, and three years must pass after the filing of a Chapter 7 bankruptcy before a Chapter 13 filing. Some debtors attempt to circumvent this restriction by filing for Chapter 13 protection while the Chapter 7 petition is still pending. That option is not available in all courts. In a "Chapter 20" bankruptcy, debtors should be aware that missing even one mortgage payment after filing the initial "Chapter 7" petition may cost them their ability to save their home in a subsequent "Chapter 13" filing.


How do you withdraw a Chapter 11 bankruptcy filing?

You may not be able to withdraw a Chapter 11 filing. You should talk to your lawyer to determine the best course of action.

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