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If by "disability pay" you mean payments to the bankrupt debtor by his/her employer (or an insurance company), it would be considered income, just like regular wages.
If by "diability pay" you mean a debt of the bankrupt debtor to a disabled employee, that would be a chapter 13 debt and would be paid under the same terms as other debts of the small class. A small amount of unpaid wages are considered priority debts which are paid before the ordinary debts of the bankruptcy estate.
What else can I help you with?
How do you figure a Chapter 13 repayment agreement of 11500 for 36 months or 60 months?
Your bankruptcy attorney will have the repayment agreement figured and agreed upon by the judge when you get it. They will determine this based on your income and debt.
Is a discharged debt for hardship or disability considered a bankruptcy?
No, discharged debt is considered a forgiveness of debt and not a bankruptcy. Bankruptcy can only happen as a result of bankruptcy court procedure. Certain loans can be discharged due to hardship or disability, especially if there is an insurance policy in force to cover such a situation. When a loan is forgiven due to hardship or disability, the debtor's credit rating is usually not affected.
Filed chapter 13 was released can afinance company hold cosigner reliable for debt?
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.
Is a car loan considered as debt?
Yes, a car loan is considered a form of debt because it involves borrowing money to purchase a vehicle and requires repayment with interest over a specified period of time.
Is a car loan considered debt?
Yes, a car loan is considered a form of debt because it involves borrowing money to purchase a vehicle and requires repayment with interest over a specified period of time.
What if your income increases after filing a chapter 13 bankruptcy?
Chapter 13 is more of a repayment plan than a debt wipeout. Because of that, if there is a change in your financial circumstances after filing for bankruptcy then the court needs to be aware of it.
How can one get debt repayment services in the UK?
In the United Kingdom, the most popular company to offer debt repayment services is The World Bank. The World Bank offers debt repayment services and management for a great price.
Filing chapter 7 after negotation a debt through court?
Assuming you mean a payment plan for a debt that a creditor got a judgment for in civil court, and you are asking if you can file Chapter 7 (and qualify to do so), yes, you can, and the repayment agreement then is subject to the bankruptcy court automatic stay.
Can you keep your six rental properties if you use chapter 13?
Chapeter 13 bankruptcies are like reorganizing your debt. Yes you can keep your properties. The most importgage influence is that you have positive income from them that will assist you with the repayment of your other debt.
Can a creditor sue you if you are enrolled in a debt settlement program?
Yes. A debt repayment program other than a chapter 13 bankruptcy, does not confer legally binding terms on creditors to prevent them from seeking litigation. AN exception obviously would be if the creditor has signed an agreement agreeing not to file a lawsuit as long as the debt repayment obligation is met. It is however, very doubtful a creditor would agree to such.
What are the different types of bankruptcies?
Four. Chapter 7 BK is a total liquidation of debts and available to individuals and businessess. Chapter 13, is a consolidation/repayment action and available to individuals and small businesses. Chapter 11 is a consolidation/repayment action and used by large businesses/corporations. Chapter 12 is a consolidation/repayment action used by farmers and private individuals in the fishing industry (fishermen/women).
What is the difference between debt service and debt repayment?
The main difference between the two is that when a account being. Debt services means they consolidate your debt and debt repayment means they are asking for repayment through money. You should go for debt services to get out of debt. The meaning of this is that the debt consolidator will get in touch with all your lenders, "pay off" the balances on your behalf and subsequent to this instead of two or more credits, you only be indebted to one lender!
