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go to www.beatlandscreditrepair.com they have a lot of information about bankruptcies.
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∙ 13y ago
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What if you can't go chapter 7?
File chapter 13. You'll pay a set amount of money to the court each month. It will be divided among your creditors. I think you only pay for four years but that might be wrong.
Will they take your horses if you file for bankruptcy?
It depends. If you file Chapter 7, your attorney will help you with exemptions that may OR may not cover your horses; if not covered, the trustee may take them. If you file Chapter 13, generally no; your creditors will be paid from future income.
Can you file chapter 13 bankruptcy in June 2010 after filing chapter 7 bankruptcy in June 2006?
You can file Chapter 13, but you would need to pay all creditors in full because you are not eligible to receive a discharge. If you want file Chapter 13 and receive a discharge, you must wait to file until 6 years have passed since your Chapter 7 case. You would to wait 7 years if you want to file another Chapter 7 case.
What can you file Chapter 13 on?
What is Legal to file Chapter 13 on ?
Who can file a proof of claim in any bankruptcy proceedings?
In a chapter 7, with a no-asset notice, no claim can be filed. In a chapter 13, all creditors should file a proof of claim within the time period provided.
If you voluntarily have a chapter 13 bankruptcy dismissed will your creditors be notified of the dismissal?
Yes. If you voluntarily have a chapter 13 bankruptcy dismissed, your creditors will be notified of the dismissal.
Can you still keep your vacation home if you file bankruptcy if there is no equity?
In a chapter 7, yes, you can keep your vacation if you have no equity in it. This assumes you have not run out and borrowed money against it knowing you were going to file bankruptcy. In a chapter 13, the equity is only relevant to the amount to be paid to the unsecured creditors. You don't "lose" the property.
How likely is it that the court will approve the purchase of a new home during a chapter 13 bankruptcy?
It depends on how the home purchase will impact your creditors. If you you payment will be doing up, then you will have less money paid to your creditors under the Chapter 13 plan. On the other hand, you might get approval if the purchase won't lower the amount of money creditors would receive under the plan.
If your chapter 13 was dismissed how can you find out which creditors were paid off with the money that was paid to the trustee?
After the entry of the dismissal, the Chapter 13 trusee will send you a final accounting of how much was paid to each creditor.
What happens to the money you did pay to chapter 13 trustee and could not keep up payments?
They are considered "lost", you will not get that money back, but your debt to the individual creditors will be reduced by what they had received in 13 BK.
If you file for chapter 13 can you enter your SSD as your income?
Yes. Any legal source of income, whether it could be attached by creditors or not, can form part of a Chapter 13. But you will have to make the payments on the Plan to get your discharge, so be sure you want to file a 13 instead of a 7. You can always convert to a 7 later, but it may be simpler, cheaper and less of a headache to file the 7.
Can you negotiate with creditors if you cancel a chapter 13 bankruptcy?
Sure, you can always negotiate- but your creditors are not bound to deal with you.
