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What does a status of awaiting closing mean in a chapter 11 bankruptcy?
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What does the abbreviation N.P.O.C mean in terms of bankruptcy status?
I think if you are towards the end of your bankruptcy, it mean "in process of closing"
How can you find out the status of a chapter 7 bankruptcy?
Contact the trustee who is in charge of the case.
In chapter 13 bankruptcy what does pending mean in case status?
In Chapter 13 bankruptcy a pending status means the case is still open for evaluation and no decision has been made. The pending status may last for awhile depending on how involved the case is until it is final.
What does bankruptcy status awaiting first meeting mean Ive already had the 341 meeting?
No, it means the 341 meeting has yet to be scheduled. You'll know when you have it as you have to be there.
Can you leave a chapter 13 bankruptcy open and refinance your current mortgage if the mortgage is not included in the chapter 13?
Here is the short answer.........No. No lender will allow this. Lenders want you to be out of Bankruptcy.This is what I do refinance people out of bankruptcy early or arrange refinancing so that my clients can avoid bankruptcy or forclosure altogether. that is what you must do in order to refi your mortgage regardless of the mortgage status with your bankruptcy plan
If a person has filed chapter 13 bankruptcy and their financial circumstances change what can they do?
It is very important that the BK participants contact the bankruptcy trustee as soon as possible when they experience changes that directly affect the filing status.
You received a chapter 7 bankruptcy discharge in February 2006 and won a lawsuit in April 2006 What should you do?
The safest option is to contact the bankruptcy trustee for guidance. Generally monies received as a personal injury award are exempt. However, the determination of the status of such, is made by the bankruptcy court.
Will you lose your vehicle or house by converting from chapter 13 to chapter 7 bankruptcy?
Probably there are much more chance that you will be loosing your house and vehicle by converting from chapter 13 to chapter 7 bankruptcy. There is a $25 conversion fee that has to be paid to the court. Depending upon the status of your chapter 13 case.
Which legal status of an individual is most associated with filing chapter 13?
One files a chapter 13 to claim bankruptcy. A chapter 13 allows a person who is severely in debt to be able to pay off their debts over a period of years without resulting in foreclosure or seizure of property.
Is it good news if your status says awaiting final decision at att?
yes
What is the status of Mother Teresa?
She has been beatified by the Catholic Church and is awaiting canonization.
How is it determined if you file chapter 7 or chp 13 bankruptcy - is it a ratio?
A Chapter seven is a total liquidation bankruptcy, which means the person will have to forfeit all nonexempt property. A chapter 13 is a consolidation bankruptcy, the person keeps all of their property and pays a specified amount to the BK trustee who distributes it to creditors. The time frame for repayment under a chapter 13 is 3-5 years. With new bankruptcy reform more people will be required to file a 13 if they can pay even a small part of the debt(s). The type of filing that can be used now depends mostly on the financial status of the person, rather than which one to choose.
