answersLogoWhite

0


Best Answer

The debts are still valid and creditors can continue with collection procedures including, in most cases, a lawsuit.

User Avatar

Wiki User

โˆ™ 2006-09-12 00:44:46
This answer is:
User Avatar
Study guides

The top term of a fraction

The bottom term of a fraction

A number being added to another number

A fraction whose numerator is equal to or greater than the denominator

โžก๏ธ
See all cards
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
No Reviews

Add your answer:

Earn +20 pts
Q: What happens to unsecured debts when a chapter 13 bankruptcy is dismissed?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What happens when a Chapter 13 bankruptcy is voluntarily dismissed in Georgia?

The same thing that happens when a Chapter 13 is dismissed in any other state. It is as if the bankruptcy was never filed. The automatic stay is lifted and the trustee returns any money left on hand to you.


What happens to the person who needs to file bankruptcy before discharged from previous bankruptcy?

The short answer is to get the case dismissed so it can be refiled.


What happens if you wreck your car after filing for Chapter 13 bankruptcy?

If you wreck your car after filing for Chapter 13 bankruptcy you can file it on your insurance. You can then replace your car based on the bankruptcy order.


What happens when you are left in bankruptcy?

You are not left in bankruptcy, you enter into it willingly. In chapter 13 you enter into a repayment plan and all your debts are paid in about 5 years. chapter 7 negates all debts that are unsecured like credit cards and leaves you with only your secured debt like home and cars. In both cases you keep your vehicle and home


What happens if you file a chapter 13 bankruptcy and you cannot make the payments?

Your case is dismissed, and you lose all protection of the court. You can expect your creditors to then act quickly and agressively to seize what they can and secure any assets and judgments they can.


If you have a chapter 7 discharged and then something happens with your home can you open a chapter 13 to save your house then you change your mind and the chapter 13 is dismissed what does thi?

What happens if you have paid all fees for a chapter 7 bankruptcy and your trustee tells you to turn over your income tax check and you don't because you are laid off and you are using the income tax check to pay bills and medical expenses and the trustee has threaten to revoke your bankruptcy due to non payment of your income tax check


If you file chapter 7 bankruptcy what happens with your state pension plan?

Uneffected.


What happens to an incomplete bankruptcy filing if the filer dies before its completion?

The filer has to be in person for the 341 meeting so the bankruptcy would be dismissed. A bankruptcy may still be discharged if they are just waiting on the judge to discharge the bankruptcy.


What happens when you receive an inheritence money when you are in chapter 13 bankruptcy in Illinois?

Bankruptcy is a federal procedure, so the state is irrelevant. Generally, you will have to turn the inheritance money ober to the trustee. It will be applied to your plan and may shorten or end the plan because the plan has been paid off. If the plan provided for less than 100% to unsecured creditors, the trustee may want to increase the "dividend" to the unsecured.


What happens if you do no show up for 341 bankruptcy chapter 7 meeting in Texas?

Usually, the trustee will give you a second chance and reset the hearing. If you fail to show a second time, your bankruptcy will be dismissed. If you've missed the first hearing, you will be sent a notice from the bankruptcy court advising you if a new hearing has been set or what the trustee is recommending to the court.


What happens to employees in bankruptcy?

Assuming you are talking about the employer filing bankruptcy, it depends on the kind of bankruptcy. If a Chapter 7, they are screwed. If a Chapter 13 (not a corporation) or 11, it will depend on the plan. Downsizing is not unusual, and stripping of pensions is not unusual either.


Husband and you are separated can you file bankruptcy?

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.

People also asked