What happens if you are in a lawsuit and file chapter 7?
If you have a lawsuit, you must disclose it as an asset in your bankruptcy. If you don't list your lawsuit in your bankruptcy papers, you can get in trouble for hiding assets. In addition, the court may decide that you are prohibited from pursuing the lawsuit.
You can file bankruptcy together or individually when you are separated. What happens in your separation could affect your ability to file Chapter 7 and you may have to file Chapter 13 instead.
Then the co signer would no longer have any liability to pay any debt you defaulted on.
Yes. It is usually the only other option for a borrower. If not the creditor might seek legal recourse in the form of a lawsuit. Even though the idea of a lawsuit is "scary" it can be a better choice than BK, depending on circumstances of the borrower.
In Kentucky How long after bankruptcy can you file chapter 7 and can you file chapter 13 after chapter 7?
You can file bankruptcy again 7 years after the last time you filed.
You may file for Chapter 7 at any time after filing Chapter 13.
You can file a chapter 13 bk, but NOT another chapter 7.
You do not have to be unemployed to file for chapter 7 or any bankruptcy.
The bankruptcy petitioner can file another chapter 7 8 years after the date of filing of a previous chapter 7.
Yes, you can file a new chapter 7 after 8 years from the date of filing the previous chapter 7.
Winning a lawsuit will have no impact on your ability to file for Chapter 7 bankruptcy. If you are a judgment creditor, the judgment might become an asset of the bankruptcy estate and the bankruptcy trust might choose to sell the judgment or enforce the judgment for the benefit of your creditors.. if someone files bankruptcy on as credit card does that a third party has charged on and the debt is cleared dose the… Read More
A person can file chapter 7 after 8 years from a previous chapter 7. So the answer is NO.
The cost to file Chapter 7 will vary depending on the type of bankruptcy. Chapter 13 costs $281. Chapter 7 costs $306.
You can file Chapter 7 once, every seven years
Divorce will not affect filing chapter 7. If the divorce is final, you will have to file separate chapter 7s. If the divorce is not final, or has not happened, you can file a joint chapter 7.
if your still in chapter 7 you have to get out first but you can file again check the laws in you state on chapter 7. laws has chang.
If Husband and you filed chapter 13 in June but he lost his job in December and now you need to convert to a chapter 7 the only problem is he filed chapter 7 in 2004 can you still file a chapter 7?
You would be able to file for chapter 7 but not your husband.
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.
chapter 7 filings 8 years from the time of discharge and the time for filing a chapter 13 after a chapter 7 discharge 4 years.
How soon after filing Chapter 7 Bankruptcy, can you file either Chapter 13 or Chapter 7 Banruptcy again?
Yes. Chapter 7 means you can't pay your bills. It is not free to file and you need to get an attorney to do it for you.
there is no chapter 7
No. You can only convert the 13 to a 7.
it has been 7 years since a chapter 7 was discharger. when can i file another chapter 7?
chapter 7 you can file every 8 years. chapter 7 lasts 10 years starting with the new laws in 2005. since you filed before 2005 your chapter 7 stays on your credit report 7 years as opposed to 10 years.
If I file chapter 7 or 13 how long can I stay in my house?
Yes. Married people can file individually. The marriage actually has nothing to do with it though. If you filed, no matter what, you can't file chapter 7 again for 8 years, provided you received a discharge. He can file anytime he wants. If you have any joint debt, you may want to consider Chapter 13. Take a look at it. You can file a chapter 13, just not a chapter 7.
For another Chapter 7... 6 years from the date of filing. The date of discharge does not matter. If you want to file a Chapter 13, you can do that immediately after the 7 discharge.
If the 2005 BK was a chapter 7, then no, you would only be able to file another chpt. 7 bk in 2013.
You can file as many as you want however you should wait 8 to 10 years before you can file another chapter for bankruptcy.
Well, if chapter 13 doesn't work....reorganization...there is sometimes no recourse but to terminate the business with chapter 7.
If you first were filing a chapter 13 you can change that to a chapter 7, it is called "motion to convert".
Yes you can file without your spouse..although you must report the spouse's income on the means test which determines if you qualify to file a Chapter 7.
How can you convert from a Chapter 13 to a Chapter 7 without your spouse even though both are on a dismissed with prejudice Chapter 13?
Since its dismissed w/ prejudice - Wait 180 days and file an individual chapter 7. Your spouse does not have to file.
Can you file a lawsuit on a collection agency that was listed on your chapter 7 discharge for continually harassing you after your discharge?
Yes you can file suit against the collection agency for violating the automatic stay. If you need further assistance please visit us at: <A HREF="https://www. OntrackFinancialGroup.com">Ontrack Financial Group</A>
Yes, in most cases, a person can keep their cars when they file for Chapter 7 bankruptcy. It will ultimately depend on the bankrupt court.
A creditor cannot garnish your wages unless they file a lawsuit and obtained a judgment against you. The time deadline to file a lawsuit will vary by state.
if you filed chapter 13 and it was discharged in 2005 can you file chapter 7 in 2009
No, it is an asset and must be disclosed.
Eight years after the discharge of a previous chapter 7, four years after the completion of a chapter 13.
NO! To file a chapter 7 again you have to wait at least 8 years from the first chapter 7's discharge date.
There is no statutory amount needed to file bankruptcy. With the new bankruptcy reform it may be difficult to file a Chapter 7 if the person has even a small amount of expendable/nonexempt assets. One of the objectives of the new BK regs. is to require more debtors to file a Chapter 13 rather than a 7.
An unfortunate aspect of Chapter 13 bankruptcy plans is that the budget is very strict and hard to keep. An individual having problems with the chapter 13 bankruptcy can convert into a chapter 7 bankruptcy or re-file altogether. Make sure to look into the changes and different effects that a chapter 7 (as compared to Chapter 13) will have on you.
can I start a new business if I'm going to file chapter 7 on my personal debt?
You can file chapter 7 bankruptcy and reaffirm your mortgage. Your mortgage company is not required to reaffirm your mortgage however, it is their final decision.
You can file again in 8 years. You can only file Chapter 7 once every 8 years. You could file a Chapter 13 or vice versa but not the same chapter.
The debtor cannot file a Chapter 13 unless: (1) the debtor received a discharge under Chapter 7, 11 or 12 more than four years ago; or (2) the debtor received a discharge under Chapter 13 more than two years ago.
You need to read the chapter.
You can still file BK if you dont have assets. Most chapter 7 BKs filed are considered "non-asset" cases
If you win $2, nothing much. If you win a substantial amount, and it is within 6 months, it has to be reported and given to the trustee.