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How long do it takes for a trustee to refund your tax refund after canceling chapter 13 bankruptcy?
60days
If you filed chapter 13 7 years ago and it was discharged in Feb 01 how can you contact the credit bureau to remove this from your record if your attorney will not return your phone calls?
A Chapter 13 bankruptcy will remain on a person's credit report for the required ten years not seven.
Can you keep your checking account when you file for bankruptcy?
Can u keep your checking account after filing chapter 13?
How long does it take to complete a Chapter 13 bankruptcy?
when i was in chapter 13 i was in for four years. it go by how much you pay a month and how long it take to pay the loans back. ask your lawer they should have gave you paper work showing you step by step whats going on and how long your be in.
Is there a way to keep income tax refund after filing chapter 13?
I think if chapter 13 has been contemplated then for withholding status discussion with attorney becomes important. Attorney can construct the importance to adjust withholding or these things can be consulted with tax professional to project tax liability. Ideally in this situation tax return will displayed partially or with no returns or may be no tax debt.
A Chapter 13 bankruptcy filing is called a?
reorganization
Do you have to turn in your lease vehicle once you file Chapter 13?
Chapter 13 is a reorganization of debt. I wouldn't think so as long as you reaffirmed the loan. Yet read the contract and see if this is even possible
Can your Chapter 11 be dismissed due to plan payments?
Chapter 11 is a corporate business bankruptcy where a reorganization plan is made while operating under protection. It is not a Chapter 13 with a specific payment plan.
What are the different types of bankruptcy available for businesses?
The main types of bankruptcy available for businesses are Chapter 7, Chapter 11, and Chapter 13. Chapter 7 involves liquidating assets to pay off debts, Chapter 11 allows for reorganization and continued operation, and Chapter 13 is typically used for small businesses to restructure debts.
What is chapter 13 bankrupt?
There is a big difference between chapter 7 and chapter 13 bankruptcy. Generally speaking, chapter 13 bankruptcy is a type of Reorganization bankruptcy. It filing a plan with the bankruptcy court suggesting how you will repay your debt. Some debts must be repaid in full while others require only a percentage or nothing at all.
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.
What determines if you file a Chapter 13 or a Chapter 7?
Your financial needs really determine which type you should file, if at all Chapter 7 is a liquidation bankruptcy and chapter 13 is a type of debt reorganization bankruptcy which essentially places you on a budget until you can pay back parts of your re-negotiated obligations. You should speak with an attorney about which option is best for your situation, keeping in mind that some debts are not dischargeable under either chapter 7 or chapter 13 bankruptcy.
How long after filing chapter 11 can you file chapter 7?
Chapter 11 is virtually always on for CORPORATIONS and is a "reorganization" rather than a liquidation. Chapter 7 dissolves the corporation. C-7 can happen, and frequently is, shortly after C-11 (actually converting the C-11), especially if no viable reorganization plan can be found.
Keep home under chapter 11?
C-11 is normally for Corporations in a reorganization.
How many bankruptcy chapters are there?
The most popular that I know if Chapter 11 which is rehabilitation or reorganization, used primarily by business debtors, but sometimes by individuals with substantial debts and assets. Chapter 12 is rehabilitation for family farmers and fishermen and Chapter 13 is rehabilitation with a payment plan for individuals with a regular source of income. Chapter 7 is basic liquidation for individuals and businesses; Chapter 9 is municipal bankruptcy; Chapter 15 is ancillary and other international cases.
Can a chapter 7 be filed with an open chapter 13?
A Chapter 7 can be filed with an open Chapter 13.
What can you file Chapter 13 on?
What is Legal to file Chapter 13 on ?
