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Is it better on your credit to refile after a Chapter 13 dismissal or pay your bills yourself with your creditors?
Wiki User
∙ 8y ago
You are always going to be better off by paying your bills.
Wiki User
∙ 8y ago
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Why do creditors have better memories than debtors?
Creditors have better memories than debtors is a popular quote that was coined by Benjamin Franklin. It is only logical for someone who owes money to forget but the one who is owed keeps remembering the debt.
Can you get a home loan after recently being discharged from a chapter 7?
Sure can....It's even easier than getting one before a Chapter 7. Their called Day 1 after Bankruptcy loans. Surpisingly, your credit scores are pretty decent after the discharge. The creditors also know that you can't file again for several years, so they don't have to worry about you running back to the courts for help. The interest rates run about 6%...again, better than you would have gotten prior to the Chapter 7...
How can you increase your credit score if it is low on the scale?
Work with your creditors as much as possible. Make yourself availiable as far as when you can pay, and when you will have trouble paying. For the most part, my personal experience is that when you are honest, and pay what you can, things will change for the better. Just don't dissapear off the face of the planet, then your credit score will not be good at all.
Motion to dismiss has been withdrawn in chapter 13 is this good or bad?
It's good if you can and want to continue with the Chapter 13. There are situations in which it is better to get the 13 dismissed and start over, then it would be bad.
If a chapter 13 bankruptcy was voluntarily dismissed not discharged can it be removed from your credit file?
You can't get it removed. It is a public record. If you file a bankruptcy and get it voluntarily dismissed the next day, it will still be on your credit report. Also, by the way, not paying into a Chapter 13 plan is not a voluntary dismissal. The Trustee moved to have the bankruptcy dismissed. - The easier approach would have been to actually voluntarily have it dismissed. Regarding Nate's posting, I agree that non-payment of a Chapter 13 normally results in the trustee moving to dismiss your case, which is an involuntary dismissal. I have no idea if whether a Chapter 13 is voluntarily or involuntarily dismissed affects your credit rating differently (probably not, credit reporting agencies barely seem to recognize the difference between Chapter 7's and Chapter 13's, much less the way in which any particular case is dismissed), but there can be a big difference to the debtor whether a case is involuntarily or voluntarily dismissed if a creditor has moved to get property back. Once a creditor asks the court for permission to get back some property (such as a car or home), which they do by filing a Motion for Relief from Stay, then if you voluntarily dismiss your case you are barred from re-filing a new Chapter 13 for 180 days. This 180 days may be enough time for the creditor to foreclose/repo and sell the property. Once a creditor moves to repo/foreclose in a Chapter 13, many people prefer to be involuntarily dismissed so they can re-file a new Chapter 13 immediately and get protection again before the creditor sells the collateral. Please keep in mind this is not legal advice but simply a statement of what many people do in that situation from my perspective. So, while Nate (in the posting above) said it is easier to voluntarily dismiss, that does not mean it is always better to voluntarily dismiss, depending on the circumstances.
How can you get out of a Chapter 13 bankruptcy if you have been in it for 10 months and you've decided that you were better off as you were before?
Contact the attorney that handled the BK or the BK trustee and inform them that you want to file a petition for a voluntary dismissal of the "13".
What if you file chapter 7 will you still owe creditors if you have a corporation?
To the extent of your personal guarantee for the corporate debt, or if both you and the corporation borrowed the money, you will not owe anything if the debts are discharged in your personal chapter 7. If the corporation has any assets, it will be subject to lawsuits and attachments by the creditors. You should discuss the situation with an experienced bankruptcy attorney, as it may be better to wind up the corporation before filing a personal bankruptcy.
If You Filed chapter 7 in 2002 can i refile?
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.
What is Creditors Collection Period?
The creditors' payment period is an activity ratio. It measures the average amount of days the business takes to pay its creditors i.e. suppliers. The more days available to pay the better.
How to file bankruptcy for medical purposes?
Develop a list of all your creditors. Include on the list names of each individual creditors. Organize your paycheck. Collect copies of all accounts statements. Decide whether a chapter 7 or 13 is most appropriate. Obtain a set of standardized forms needed to file. Complete the forms and start the case. Contact the clerk. Deliver.
Why do creditors have better memories than debtors?
Creditors have better memories than debtors is a popular quote that was coined by Benjamin Franklin. It is only logical for someone who owes money to forget but the one who is owed keeps remembering the debt.
How do i better myself?
You can better yourself in many ways.In life you can better yourself by working hard inorder to get money to better yourlife
Can you get a home loan after recently being discharged from a chapter 7?
Sure can....It's even easier than getting one before a Chapter 7. Their called Day 1 after Bankruptcy loans. Surpisingly, your credit scores are pretty decent after the discharge. The creditors also know that you can't file again for several years, so they don't have to worry about you running back to the courts for help. The interest rates run about 6%...again, better than you would have gotten prior to the Chapter 7...
How do you file for chapter 13 bankruptcy?
I believe the correct procedural step to withdraw a Chapter 7, or at least the most common, is to file a Motion to Dismiss with the Bankruptcy Court. However, this act should be discussed with an attorney who practices locally since dismissing a case is not always as simple as it seems. Once a case is filed it will stay on your credit report for 10 years regardless of whether it is withdrawn prior to Discharge. Also, the trustee or creditors can object to dismissal if they think their interest will be compromised due to the dismissal. For example, if a debtor inherits $10,000.00 the day after a bankruptcy case is filed, the trustee (or a creditor) may object to the debtor's attempting to dismiss the case since they would be afraid the debtor would dismiss the case, then go spend all the money, and then come back and try to re-file a new case later. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person. Skip your 341 meeting.
Powerpoint presentation on bluetooth?
JUST DO IT YOURSELF i mean you feel better when you do it yourself dont you? Just do it yourself
How can you make yourself look better?
how can you made your school look better
How to look better?
Get a better haircut, wear cooler clothes and better makeup, and be prouder of yourself.
