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How likely is it that the court will approve the purchase of a new home during a chapter 13 bankruptcy?
Wiki User
∙ 18y ago
It depends on how the home purchase will impact your creditors. If you you payment will be doing up, then you will have less money paid to your creditors under the Chapter 13 plan. On the other hand, you might get approval if the purchase won't lower the amount of money creditors would receive under the plan.
Wiki User
∙ 18y ago
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Types of purchase method?
What is the type of purchase method? And I want to know about what different between purchase method and pooling method?installment plans: People began to buy expensive goods using installment plan credit during the 1920s.
Where can someone purchase a cast iron casserole?
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How much does a heating and central air conditioning system, when you start from scratch?
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Where can one buy a cheap pair of flip flops?
A cheap pair of flip flops can be found at any local dollar store during the spring and summer seasons. Some stores will have them on sale for as low as seventy five cents.
Can college debt be included in a bankruptcy?
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Can you refinance during chapter 13?
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Will you get your tax refund if you file for bankruptcy?
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Can traffic tickets be filed in a Chapter 7 Bankruptcy?
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Chapter 7 bankruptcy is a liquidation process where assets are sold to repay creditors, usually resulting in the discharge of most debts for individuals or businesses. Chapter 11 bankruptcy is a reorganization process that allows businesses to continue operating while developing a plan to repay creditors over time. Chapter 7 is typically more straightforward and faster, while Chapter 11 is more complex and costly but allows for more flexibility in restructuring debts.
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Yes, temporarily. Filing for bankruptcy protects your from collection actions taken by your creditors, including foreclosure during the proceedings.
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In a rough market such as this one, you can't!
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If they are seeking relief with respect to property, then yes.
