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As long as there is a balance on an account, it should be included in a Chapter 7 filing. One of the first things a bankruptcy trustee will ask at the meeting of creditors is whether you have included all of your debts & assets in your schedules.
Even if thee is no balance, which one would expect with a closed account...it does not hurt - and can only help - by including info about it on your schedules. Info on any and all financial things only assures that the bankruptcy protects you from anything to do with them, known or unknown to you, now or in the future.
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Are payday laons included in bankruptcy?
Payday loans can be put in chapter 7.
Can someone put a lien on your paid off boat before you file chapter 7 bankruptcy?
Sure
Can my ex put his child support on his chapter 10 and not have to pay child support?
No, child support cannot be cleared in a bankruptcy.
Is it possible to inherit your parents home after chapter 7 bankruptcy case is closed?
Yes, but what happens to it depends on two things: 1) is it more than 180 days after the case was closed? and 2) did you know about the inheritance before or during the time the case was open? If this is just asking if your parents can keep or put you back in their will(s), that is not a problem.
How can bankruptcy help stop a foreclosure?
Filing for Chapter 7 bankruptcy forces all of your creditors to stop harassing you, as all proceedings are temporary put to a halt while the bankruptcy is processed. However, you typically have to take the initiative and show proof of your bankruptcy to the bank for them to stop harassing you.
When is the best time to give back a vehicle when bankruptcy is an issue?
IF YOU GOING TO FILE BANKRUPTCY KEEP YOUR CAR AND PUT IT IN YOUR BANKRUPTCY IF YOU NEED YOUR CAR. IF YOU JUST WANT TO GIVE IT BACK JUST GIVE IT BACK ANY TIME BUT THE LOAN STILL GOING ON YOUR CREDIT FILE SO IF I WAS YOU I'LL PUT IT IN WHAT EVER CHAPTER YOUR FILEING.
Can you file Bankruptcy without a job?
Of course. Filing for bankruptcy, put simply, is showing the court that your debts and financial obligations substantially exceed your income. The fact that you are self employed will not serve as a bar to your bankruptcy application but you will need to show detailed and accurate records of income and various expenses to establish the deficiency.
You are being sued for s unsecured loan of 17000 dollars will chapter 13 bankruptcy stop creditors from taking your rental property?
If you file. It will put a stay on your creditors and they will have to halt there collections. You need to contact a bankruptcy attorney to confirm.
Can you pull out your retirement and file chapter 7 bankruptcy?
Retirement funds are exempt, but if you take them out of a qualified retirement plan and put them into a regular account, they are no longer exempt. Get some good advice from an experienced bankruptcy lawyer before you do anything.
How can you get a new car if you are filing bankruptcy and you put a car in?
When you said "put a car in," I can only assume you mean chapter 13, since you can't put a car in a chapter 7. If it's a chapter 13, you will need to have your attorney file a Motion to Incur Debt, which is going to take about 60 days to get approved once he files it. The bankruptcy court will have to give you permission to go out and get another car loan, but it can be done, as long as you have a bank willing to extend you credit while you're in chapter 13. If it's a chapter 7, there is a bank that works "exclusively" w/people who are in a "current" chapter 7. They are U.S. Bank, and they have programs that will put you in a car no older than 3 years, as well as other programs for car owners, and you will not be hit w/ridiculous financing charges or a car you can't afford. They will base the amount of car you get on your debt/income ratio, per the bankruptcy. The program is called 722 Redemption. Hope this helps.
When my house was discharged in bankruptcy the lender neglected to put lien on property the bankruptcy is 2 yrs. old the house is just sitting there going down is the property still mine?
I am not a lawyer, but I do know that you can try to check with the township or county assessor's office and see if the property taxes have been paid and try to find out who is paying them. Also, I would recommend going to the US Bankruptcy Court clerk's office where you filed your bankruptcy. Te address and phone number should be in the government pages of your local phone book. Maybe the clerk can help you look up your bankruptcy file. One thing you might check on is to see if there is an Order of No Assets, No Claimants, and when the bankruptcy was discharged and if it is closed. Also, it important whether you filed a chapter 7 or a chapter 13. Was your mortgage paid prior to filing bankruptcy or mostly paid? Was your house claimed in the exemptions? Did anyone object to the exemptions? It may be wise to have a bankruptcy or real estate lawyer look over your papers.
Can you do a loan modification if you are in chapter 13?
A Chapter 13 bankruptcy puts the entire debt collection process on hold to give the filers time to work out a court-approved repayment plan for a portion of their debts. Thus, because the process is on hold, a loan modification can not be enacted while a mortgage is currently under the supervision of the Chapter 13 trustee. However, it is possible to negotiate a modification of a loan with the mortgage lender during the bankruptcy. But it will be necessary to have the bankruptcy case voluntarily dismissed before the modification can be finalized and put into effect. Banks may not be willing to negotiate with the borrowers under the circumstances of a Chapter 13, though.
