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Does the court frown upon too many loans in bankruptcy chapter 7?
Wiki User
∙ 13y ago
This is a loaded question, and I must start out with the fact i am NOT an attorney. Anything like this needs to be put past a lawyer who has experience in bankruptcy. there are SO many factors involved, it's impossible to speculate.
The premises of bankruptcy though is to afford people a "Fresh Start" This means, if your down in the dumps, and you have no means of getting out of the debt your in, Bankruptcy is your LAST option.
When you say too many loans? Did you run up a bunch of loans and then decide to file bankruptcy? Again, the point of bankruptcy is for those who really need a fresh start. If you tried your best in business and had to take out a bunch of loans to do it, and failed and need to bail; nobody is going to fault you for it.
Wiki User
∙ 13y ago
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Can you include payday loans in a chapter 7 bankruptcy?
Yes.
Can you include payday loans in a Chapter 7 bankruptcy in Maryland?
Yes.
Can college debt be included in a bankruptcy?
No. Educational loans will remain with your during and after the bankruptcy is completed. This holds true regardless of whether you decide to file for Chapter 7 or Chapter 13 bankruptcy.
Are payday laons included in bankruptcy?
Payday loans can be put in chapter 7.
Can you file a student loan in chapter 13 bankruptcy?
Gov't insured or Guaranteed loans are not dischargable.
You have pay day loans and I need to file chapter 13 bankruptcy can I?
Sure. How those specific loans are handled in the BK may be uncertain.
If you file chapter 7 bankruptcy does that eliminate paying back the parent plus college loan?
Student loans are exempt from bankruptcy as are IRS debts
Your husband is filing chapter 7 bankruptcy and you are not but you are a co-borrower on his loans will you still be responsible?
In most states, YES
Can you include payday loans in a bankruptcy in Kansas?
YES. Any debt can be included in a bankruptcy petition. It is up to the bankruptcy court to determine which debts will be allowed to stay in. info@usconsumerpros.com
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.
I filed bankruptcy under Chapter 13. Student loans were discharged under hardship. Do I still have to pay them?
Chapter 13 is "reorganization" plan for payment. Student loans were within the plan for payment? or were they discharged within another bankruptcy? normally student loans are not dischargable, (11 U.S.C. sec. 523(a)(8) bankruptcy:) there are two exceptions: 1: loans are not from any governmental agency unit or non profit 2: paying the loan will impose an undue hardship to dependents.
How hard is it to claim student loans on a chapter 7 bankruptcy?
I have been through Chapter 7 twice and both times was unable to claim my Student Loan.
