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Can a home loan be included in chapter 7?
Yes you can. After being discharge the lender will continue any process they were into. By filing BK you are only buying more time in the house. In CA it's about 3 monthd or more depending on your lender.
Is it better to file bankruptcy on credit card debt or get a home equity loan?
This is a technical question that only a lawyer would be able to help you with. Anything, though, is better than bankruptcy, so if you think you have enough equity in your home, then it would probably be the wisest decision. It depends on what your priorites are. If you believe that you are liable for all your past debts and want to pay them, then you should consider the home equity loan. Keep in mind that you will put all that debt load goes onto your home. If you feel that you are overwhelmed with debt and you are frustrated with your situation a BK is probably the way to go. If your planning on filing BK, I would recommmend Ch. 7 ,that way you get a clean slate and can start over fresh almost immediately. If your considering Ch. 13 Bk, you might as well go with the home equity loan and at least take advantage of the tax savings and credits, not to metion the fact that your payments on a loan would probably not be as high as with a BK.
What can you own when you go bankrupt?
If filing a federal bankruptcy, federal BK exemptions apply. If filing a state bankruptcy, the state's exemptions apply. A few states allow the debtor to choose either state or federal filing whichever is the most beneficial to the debtor. Bankruptcy Action, http://www.bankruptcyaction.com
Once a person has been approved for chap 7 bankruptcy should the names of all the creditors that the person owes still appear on the credit report or should there just be one listing of the bankrupt?
The BK filing and status are listed under the "public record" section and each creditor remains on the report. Each trade line affected by the bk will have a note that states it's status and will remain on the report. BK filing manages or absolves legal obligations to debts, but it does not help your credit.
After filing bankruptcy and you didn't make payments on a car loan for about 6 months then it's repo'ed from falling behind are you still obligated to pay the debt if you just let them keep the car?
Yes, vehicles are considered secured debt. If the BK was filed under the new reform laws which took affect in Oct. 2005, the borrower is obligated to repay the entire amount of the loan and not just the vehicle sale deficiency.
How soon do they take your car after filing BK?
It depends on the company. Probably about a month.
How long after filing bankruptcy can you take out a loan?
Once a BK has been accepted by the court, there can be no financial activity such as loans without the approval of the BK trustee, and that simply will not happen.
How do you file bankrupt?
By filing a BK petition in your local BK court.
Can you refile for another bankruptcy after one has been discharged?
You can file BK 7 after 8 years from the previous BK7 7 (measured from time of filing, NOT discharge). You can file BK 13 6 years after filing BK 7. You can file a BK 13 2 years after filing a BK 13.
Can you change your bk filing?
Yes
Can you re-ammortize your 401k loan payroll deduction payments if you are filing bankruptcy?
What are you possibly trying to say? (Your 401k is exempt from seizure and process in BK you know).
Can you apply for a student loan before e filing for bankruptcy?
Molluscum Contagiosum is treatable by freezing the infected skin off or there are creams that can be affective against the disease also maintaining good personal hygiene helps the body fight the disease on it self.
Is inheritance exempt in Bankruptcy?
No, the BK Trustee is to be notified of any inheritance received within 6 months of filing BK (even if you have already had your BK case discharged and closed). Short answer- no, you dont get to keep it unless you receive it more than 6 months from filing BK.
Should you take out a student loan to pay for college expenses?
Not unless you have to, otherwise you are in debt as soon as you graduate and it must be repaid and will accrue interest forever. Not even a bk can erase a student loan.
If you win the lottery after filing for bankruptcy do you have to report it?
It depends upon the type of BK filed and the time span between the filing or discharge of the BK and the winning/payment of the monies.
When filing for bankruptcy and including the car how long is it before the creditor collects the car and how does that work?
The loan company can repossess any car that the payments are delinquent on. Your BK does not prevent repossession of your car.
How do you amend a bankruptcy filing?
Contact the trustee who is in charge of the BK.
