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Actually, the laws specify how much (not how little) you can have...basically over 1.3M of secured and unsecured debt means you may not be able to file.
Some people, (some on this forum in fact), have filed BK when they actually have more assets than liabilities (or debt)!
Also, some debts cannot be cleared (child support, judgements, certain student loans, most notably. Basically all loans other than government ones are private and nothing special).
But you should also note that BK doesn't just eliminate debts...or debts of your choice. It involves all of your assets and all of your debts. In basic form...all of your assets (again minus some few exempt things), are surrendered and liquidated with the money used to pay as much of the debts as possible (all debts are given a priority - first as secured like a car loan or unsecured which means against everything generally)...some are paid more, some less)...any resulting deficiency may be eliminated (wiped clean). You do not get to get rid of the debt AND keep what you may have gotten with it, (or invested/paid for elsewhere, instead of paying the amount owed).
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How likely is it that the court will approve the purchase of a new home during a chapter 13 bankruptcy?
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.
How much is the amount of deposit that will be subjected for investigation under the anti money laundering?
how much is the amount of deposit taht will be subjected for investigation under the anti money laundering?
Can you keep rental property chapter 7 IL?
As long as any equity you may have on the house is under the exemption amount and you would otherwise qualify for a chapter 7.
What is the amount of money students can borrow under the Perkins loan?
27,500
What is the total amount of money students can borrow under the Perkins Loan?
27,500
Can you file chapter 7 four years after a chapter 13 if have filed chapter 7 before?
Yes, but there is a requirement for the amount of time which needs to have passed between filings and the amount of time will vary depending on where you live. 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.The above notes discharge dates
How do you get horses for under 4 500 on Horse Isle 2?
If you have a subscription, you can sometimes buy a horse from the auctions for that amount of money. If not, subscribers may be selling horses for around that amount of money in their ranch stores.
Do you need a minimum income to qualify for a chapter 13 bankruptcy?
No minimum income amount is required but the debtor must have a regular source of income and qualify under the maximum amount of secured and unsecured debt guidelines.
Where can you get a piccolo oboe for under 2000?
no you probably can't get one for that little money. They are very hard to find.
How much is 5900 old portugal money worth?
Little under 30 Euros in direct exchange.
What happens in chapter 6 of family under the bridge?
the main idea of that chapter
Can a overdrafted checking account be discharged under chapter 7?
It is an unsecured debt to the bank, (presuming your saying they paid a check you didn't have money for). So yes.
