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Is there any way you can pay off a chapter 13 bankruptcy early?
Wiki User
∙ 13y ago
Try contacting the Bankruptcy court that handled your bankruptcky case and see if the clerk of the court can answer the question, if they can't answer the question, ask the clerk to see if they can refer you to someone who can answer this question. Also do some research and see if any lawyers will do pro bono "free" work to help you answer the question. I am not a credit expert of any kind, I hope these suggestions help
Wiki User
∙ 13y ago
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What is a charged off loan when connected to Chapter 13 Bankruptcy?
A charge-off is a tax-related matter and has nothing to do with bankruptcy. The debt is still owed.
What is the difference between chapter 11 vs chapter 7 bankruptcy?
The major difference between Chapter 11 bankruptcy and Chapter 7 bankruptcy is that Chapter 11 offers more flexibility so that debtors can negotiate terms without having to sell their assets. Under Chapter 7 bankruptcy, the debtor's assets are almost always sold to pay off their debt. Chapter 7 also features a level of debt forgiveness, whereas Chapter 11 does not.
Can you pay off a chapter 13 bankruptcy early?
Try contacting the Bankruptcy court that handled your bankruptcky case and see if the clerk of the court can answer the question, if they can't answer the question, ask the clerk to see if they can refer you to someone who can answer this question. Also do some research and see if any lawyers will do pro bono "free" work to help you answer the question.
A bankruptcy can not be wiped off your credit report until after 10 years but if the accounts on your credit report which were discharged in the bankruptcy can these be taken off?
The debts which were wiped out in bankruptcy still stay on your credit report, but they should be listed as "Discharged in bankruptcy." They will still stay on your credit for 7 years (they don't get extended to 10 years like the Chapter 7 just because they were discharged in bankruptcy). 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.
If you filed chapter 13 and had it dismissed and paid of the debt is there any way to get it off of your credit report?
No. Filing a bankruptcy creates a public record that does not go away because you did not complete the bankruptcy. - once you file and get a case number you have filed for bankruptcy. if you didn't follow through and it got dismissed is regardless. you still filed for bankruptcy and it will still be on your credit report.
How does chapter 11 bankruptcy affect you?
Chapter 11 bankruptcy allows you to reorganize your debt so that you may pay it off. But it is not for everyone. You should contact a lawyer to see if you could even qualify for Chapter 11 bankruptcy.
What is a charged off loan when connected to Chapter 13 Bankruptcy?
A charge-off is a tax-related matter and has nothing to do with bankruptcy. The debt is still owed.
What is the definition of Chapter 11 bankruptcy?
To somewhat oversimplify: Chapter 11 is "reorganization" for Corporations or a business, & Chapter 13 is a very similar thing for people. Debts and life are paid off/down and things re-organized. Chapter 7 is flat-out, busted-broke bankruptcy - out of business, not a penny left.
Can a medicail bill for a veterains hospitail be charged off in chapter 7 bankruptcy?
Medical bills can be discharged through a bankruptcy.
You are in your 47th month of a 60 month chapter 13 bankruptcy plan was never late with trustee or your mortgage you are waiting for court approvel to pay off early what are my chances of getting ap?
Your chances of getting approval to pay off a chapter 13 bankruptcy plan after 47 months is good. The court will review all information including the ability to pay off the plan.
What are the difference between Chapter 7 vs Chapter 11?
Chapter 7 bankruptcy is a liquidation process where assets are sold to repay creditors, usually resulting in the discharge of most debts for individuals or businesses. Chapter 11 bankruptcy is a reorganization process that allows businesses to continue operating while developing a plan to repay creditors over time. Chapter 7 is typically more straightforward and faster, while Chapter 11 is more complex and costly but allows for more flexibility in restructuring debts.
What is the difference between chapter 11 vs chapter 7 bankruptcy?
The major difference between Chapter 11 bankruptcy and Chapter 7 bankruptcy is that Chapter 11 offers more flexibility so that debtors can negotiate terms without having to sell their assets. Under Chapter 7 bankruptcy, the debtor's assets are almost always sold to pay off their debt. Chapter 7 also features a level of debt forgiveness, whereas Chapter 11 does not.
Can you sell a vehicle that was included in a Chapter 13 bankruptcy case and is not yet paid off?
No
Can you pay off a chapter 13 bankruptcy early?
Try contacting the Bankruptcy court that handled your bankruptcky case and see if the clerk of the court can answer the question, if they can't answer the question, ask the clerk to see if they can refer you to someone who can answer this question. Also do some research and see if any lawyers will do pro bono "free" work to help you answer the question.
Can you increase income with part time job after bankruptcy chapter 7 without them taking it?
If you have filed for Chapter 7 bankruptcy, any additional income you earn from a part-time job may be subject to seizure by the bankruptcy trustee. This is because Chapter 7 bankruptcy involves the liquidation of assets to pay off creditors. However, it's important to consult with a bankruptcy attorney for advice specific to your situation as laws and regulations can vary.
What can a chapter 13 attorney do for the clients?
A chapter thirteen attorney will not only help you make your bankruptcy legitimate, they will also help you figure out some of your financial problems to make it easier for you to pay off some of your debts.
Can a HELOC that is charged-off by the lender be included in a chapter 7 bankruptcy?
It has to be included in a bankruptcy filing. A charge-off is a tax break for the lender. It has nothing to do with whether the debt is still owing.
