If you filed Chapter 13 in 2001 and still have two more years of repayment is there any realistic way to purchase a home right now?
Yes... but you have to prove you can afford it.
You have to find someone willing to give you a loan, which will be difficult since you have not been granted a discharge, and you have to get the Judge and Trustee to agree to allow you to assume additional debt.
Yes. A chapter 13 can also be dismissed and a chapt. 7 filed. Chap.13 has no time limitations, except as stipulated in the agreed repayment schedule., which is usually 3-5 years.
Under the new Bankruptcy laws you must now wait 8 years before filing another Chapter & or Total Bankruptcy as it is better know. You may be eligible to file if eligible a Chapter 13 to structure repayment to those creditors.
No. Absolutely. In fact, the majority of debtors never complete their Chapter 13 repayment plans. Although most people file for Chapter 13 bankruptcy assuming they'll complete their plan, only about 30% of all Chapter 13 debtors do. Many drop out very early in the process, without ever submitting a feasible repayment plan to the court. If you can come up with a realistic budget and stick to it, however, you should have no trouble completing… Read More
No. They would only go after the co-signer if you didn't pay back the debt. Since you did file Chapter 13, which is a repayment plan, your co-signer should be free and clear.
A Chapter 7 can be filed with an open Chapter 13.
While in a Chapter 13 debt repayment, the person(s) involved must have the permission of the assigned trustee before making major financial transactions. Failure to do this can result in the dismissal of the filing and/or other penalties. Not quite true. You can purchase a new car by obtaining a specific car loan agreement which does not seriously affect your chapter 13 plan payments and filing it with the court with a motion to approve… Read More
Assuming you mean can the debtor in a Chapter 13 buy a vehicle, the answer is yes - with the court's permission. You must have a completed purchase and sale agreement with all terms completed and the purchase must not adversely affect your Chapter 13 plan. You file a motion with the attached documents, copies to the trustee and any creditor affected by the transaction or who has filed a request to be copied on… Read More
if you filed chapter 13 and it was discharged in 2005 can you file chapter 7 in 2009
company wrote a check can i cash this before company filed chapter 11
Chapter 11 is a type of bankruptcy that can be filed by both businesses and people. Testa Corp filed bankruptcy on October 11, 2013.
If husband goes along with wife to file chapter 13 then wife divorces husband but its in divorce decree for husband to pay off 13 can husband get an early dismall if so would it be wise to do so?
Firstly the couple filed for bankruptcy. Secondly wife filed for divorce. If the plan to Chapter 13 is set and repayment must start in less than 40 days as per law. Then you should read the link below, very important and hire an attorney:
It depends on the chapter you filed under. If you filed under Chapter 7, you have to wait 8 years before filing again. If you filed under Chapter 13, you only have to wait four years.
If the BK has not been discharged, you can ask to have it reopened and you filing amended to include the creditor. That will be expensive, though. If that isnot possible, then you owe the creditor the full amount of the debt, and should try to work out an agreement for repayment.
A Chapter 7 can be filed again eight (8) years after the discharge. A Chapter 13, can be filed four (4) years after the discharge of a Chapter 7, 11 or 12; and two (2) years after the discharge of a previous Chapter 13.
can i convert my chapter 13 to a chapter 7 if i filed a chapter 7 in 2005
How much money can you save in a savings account without it being taking by the courts while in a Chapter 13?
In a chapter 13, a debtor keeps all his or her property. If you can save while you are in a chapter 13, there is nothing in the bankruptcy law that specifically prohibits you from doing so. There is no limit to what you can save. However, a chapter 13 requires that you repay all or a portion of what you owe creditors through a repayment plan that must be approved by the court. So… Read More
No. A BK 7 can only be filed every six years. A BK 13 (debt repayment plan) has no time restrictions. It can be filed anytime or be modified with the approval of the trustee.
If Husband and you filed chapter 13 in June but he lost his job in December and now you need to convert to a chapter 7 the only problem is he filed chapter 7 in 2004 can you still file a chapter 7?
You would be able to file for chapter 7 but not your husband.
You can have your Chapter 7 claim dismissed as long as the dismissal will not harm your creditors. This is filed with the court in much the same way as when you initially filed for chapter 7 bankruptcy
Can a creditor be excluded from a debtor who filed chapter 11 and wishes to continue to purchase goods and can the goods sold prior to the chapter 11 filing be excluded?
Such decisions as a rule are left to the bankruptcy court. Generally such action is not allowed as it would be viewed as favoritism to one creditor.
Only if you have filed chapter 6.
You can file a chapter 13 bk, but NOT another chapter 7.
Under the new law the covers all bankruptcies filed on or after 10/17/05, you would need to way 4 years to file for Chapter 13.
Will it hurt your credit if one of your accounts on your credit report has filed chapter 13 but it is not yours but your ex-wife?
Yes. But not as bad as if you filed chapter 13 yourself. Not fair, eh?
2 years after the discharge of the previous chapter 13.
No you can't.
They have filed Chapter 11
If I filed for chapter 7 bankruptcy 9 years ago and received a discharge can my disability lump sum be garnished?
depending on what chapter you filed, no. most chapters only last 7 years
Can you file chapter 7 eight years from the time it was first filed or from the time in was finalized?
From when the BK was first filed.
If you filed Chapter 7, 6 years ago you will have to wait 4 more years before you can file it again because Chapter 7 is a ten year wait period before filing another one. Chapter 13 can be filed anytime you want there is no wait period for it.
chapter 7 you can file every 8 years. chapter 7 lasts 10 years starting with the new laws in 2005. since you filed before 2005 your chapter 7 stays on your credit report 7 years as opposed to 10 years.
Two years after the date of the chapter 13 dismissal.
You can file Chapter 7 once, every seven years
How can a person file Chapter 13 if your disposable income does not constitute repayment of any kind and they filed a Chapter 7 in July of 2000?
They can't. The only choice the debtor has is to try to reach an agreement of some sort with his or her creditors. That not being possible the debtor should become knowledgeable in the state laws pertaining to creditor lawsuits, especially those relating to the exemptions allowed for personal and real property, bank accounts and wage garnishment.
Yes, on May 6th, 2009, Bachrach LLC filed chapter 11 bankruptcy protection.
There are no time limits for filing a Chapter 13.
4 years between filings.
If you filed Chapter 7 and your credit report indicates a charge off of 11720 can they still try to collect the sum even if Chapter 7 was filed?
it will show the balance & the bankruptcy followed there after.so the answer is NO. GOOD LUCK
If my debt is only in my name and I file chapter 7 in Georgia would my refund be taken if I file my tax return jointly with my husband?
If you filed a Chapter 7 and it has been discharged your tax refund will not be taken. It will only be taken if you have filed a Chapter 13 and that is entirely up to the Trustee.
A chapter 13 bankruptcy can be filed if it has been at least 4 years from the date of the discharge of a chapter 7. Nonsense. You can file a chapter 13 the day after the 7 is closed. You may not be eligible for a discharge, but the point of doing a "chapter 20" is usually to dump the unsecured debt in the 7 and use the 13 to get caught up on the… Read More
after appearing in court on civil suit defendant informed court judge chapter 13 has been filed. Is defendant free and clear from paying personal loan?
Yes about every 7 years. * A chapter 7 can be filed 8 years after a previous chapter 7 discharge. A chapter 13 can be filed 4 years after a discharge of a BK 7, 11 or 12 and two years after a discharged 13.
Can you convert your Chapter 13 bankruptcy to Chapter 7 if you had a previous Chapter 7 that was discharged 8 years ago?
No. A Chapter 13 that is converted to Chapter 7 must have been ORIGINALLY filed at least 8 years from the prior Chapter 7. So, if you filed Chapter 7 in 2001, then filed Chapter 13 in 2005, you can't wait until 2009 and then convert the 13 to 7 since it was filed within 4 years of the prior 7. In this case, you would have to wait until 2009 and then DISMISS the… Read More
If you filed a Chapter 13 in 1998 and converted to a Chapter 7 in 1999 in what year are you eligible to refile a Chapter 7?
6 Years from the date of filing of the Chapter 13. (Only because it was converted).
Yes, you can file a new chapter 7 after 8 years from the date of filing the previous chapter 7.
A car is not totaled in a chapter 13. A car may be totaled while the owner is in a chapter 13. If the car was fully exempted, nothing happens. If you need to buy a new car, you will have to get permission from the bankruptcy court after you file a specific purchase agreement (car loan) which should not seriously affect your plan payments. Why are you not asking your lawyer?
There are several different forms of BK...Chapter 7, Chapter 11 and Chanpter 13 are the main ones.
In Kentucky How long after bankruptcy can you file chapter 7 and can you file chapter 13 after chapter 7?
You can file bankruptcy again 7 years after the last time you filed.
There are three tests used to calculate a monthy Chapter 13 plan payment: 1. Current income less expenses -- In Schedules I and J, a debtor's current income and expenses are tallied and the difference represents the amount available for distribution to creditors. 2. Means test -- On Form 22, monthly disposable income is calculated to determine how much should be available for distribution to unsecured creditors. 3. Liquidation test -- Creditors must receive at… Read More
my chapter 7 bankruptcy discharged Jan 2002 when can i apply again