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In New Jersey can the mortgage company demand full payment if you become late or past due after chapter 7 bankruptcy?
Wiki User
∙ 14y ago
Yes...AFTER BK provides NO protection or change in you obligation
Wiki User
∙ 14y ago
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Does a mortgage company have to accept a late payment during a bankruptcy if they receive it?
No.
Are vendors guaranteed payment selling a company in Chapter 11 Bankruptcy?
No, but generally they receive higher preference than unsecured creditors that issued credit prior to the bankruptcy, should the chapter 11 company go to chapter 7.
If the mortgage was reaffirmed but on your credit report it appears as Bankruptcy is this an error?
Yes, a reaffirmed mortgage needs to reflect the mortgage payment history before, during and after the bankruptcy proceedings. "In Bankruptcy" needs to portray only DISCHARGED BY or INCLUDED IN...Bankruptcy. Contact your mortgage company so that all of your payment history shows on all three bureaus. No. Not if it were a part of the bankruptcy filing. It may or may not be marked included in bankruptcy or reaffirmed in bankrutpcy. It will still remain on the CR for the prescribed time.
If you are not in de-fault on your mortgage can you still file for bankruptcy?
Yes, if you have unsecured debts or other secured debts like a huge car payment you need to get rid of. Be careful to complete the bankruptcy documents carefully, especially if you file a Chapter 7, or use an experienced bankruptcy lawyer.
If your Chapter 13 bankruptcy was dismissed for non-payment but you kept your mortgage up-to-date and now the mortgage company is starting foreclosure again is it possible to refinance after this?
this may be very difficult. You might have better luck talking to your attorney and getting back into a new BK 13. After some time you may be able to refi.
When should a stockholder receive payment if a company declares bankruptcy?
A stockholder should receive payment only after the claims of the creditors have been paid off if that company declares bankruptcy.
Is there a payment due if your mortgage company sells your mortgage to another mortgage company?
Yes, no matter what happens to the owner of your mortgage, you should always make your payments on time. A loan sale or servicing transfer does not mean you can skip a payment.
How do you get payment on child support if your ex spouse files chapter 7 bankruptcy?
Yes, bankruptcy does not effect spousal support or child support.
Does interest owed to the Internal Revenue Service stop accruing during Chapter 13 bankruptcy?
Typically a Chapter 13 bankruptcy will require you to enter into a payment plan with the IRS, and interest will be frozen as of the date that you file your bankruptcy petition.
What can a trustee take during chapter 13 bankruptcy?
Money for your plan payment, tax refunds.
What is corp adv fee?
These are any costs that a mortgage company has incurred in the collection or servicing of a mortgage. An example of a corporate advance fee would be if the second mortgage company makes a payment to the first mortgage company.
Are there payment options with your mortgage company after your bankruptcy has been dismissed?
That is at the discretion of the lender. The majority of lenders, if they can be certain you will be able to meet your obligations, will work with you. Foreclosure is not something that lenders want to do, and try to avoid if possible.
