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What else can I help you with?
How do you know when your chapter 13 bankruptcy is over?
You will receive a letter that your bankruptcy is discharged. You can also call the bankruptcy court or the trustee and find out if it is final.
I need to know how to file bankruptcy.?
You need to contact a bankruptcy lawyer since you need to have one to file. Which chapter depends on how much money you have, you may not qualify for chapter 7 if you have too much money.
How to choose the best Bankruptcy Lawyers?
The bankruptcy world can be extremely confusing to someone who has never had to deal with it before, and it is therefore recommended that anyone contemplating bankruptcy retain the best firm of bankruptcy lawyers that they can find.On the whole, the better bankruptcy lawyers are those with years of experience in the field, so anyone contemplating filing for bankruptcy should check how long a particular firm has been in business before retaining them. If a consumer is unsure of what chapter of the Bankruptcy Code he or she wishes to file under, then this is something that can be brought up during an initial consultation with a general firm of bankruptcy attorneys. Those consumers who know what section they would wish to file under, however, should retain bankruptcy attorneys who are specialized in that particular field, whether it is Chapter 7, Chapter 13 or Chapter 11.Most firms of bankruptcy lawyers also offer free initial consultations so a prospective client should be able to obtain advice on whether to file bankruptcy and, if so, which chapter to file it under, for free. There is therefore no need to pay for an initial consultation, and those bankruptcy lawyers who ask for a fee upfront before they will even consult with a potential client are therefore to be avoided.Further factors that should be considered when contemplating which bankruptcy attorneys to retain are what the attorneys’ qualifications are, whether they are members of any particular professional associations and whether they have published any bankruptcy-specific articles in any legal journals. Although a bankruptcy attorney’s involvement in a simple Chapter 7 case may only last a few months, he or she may have to represent a debtor in a complex Chapter 13 or Chapter 11 case for years, and they should therefore be prepared to deal with complicated bankruptcy litigation matters including estate audits.Bankruptcy lawyers should also be friendly, easily accessible and should be available to assist their clients with all bankruptcy-related issues whenever necessary. Filing for bankruptcy is a frightening time for most debtors, and they need a lawyer that they can trust and count on to be on their side.
If You Filed chapter 7 in 2002 can i refile?
Under the new Bankruptcy laws you must now wait 8 years before filing another Chapter & or Total Bankruptcy as it is better know. You may be eligible to file if eligible a Chapter 13 to structure repayment to those creditors.
How do you file a personal bankruptcy?
The first step in filing bankruptcy is collecting all of your personal financial information. This will include a list of all your secured and unsecured debts (you might find ordering your credit report helpful), tax returns for the last two years, deeds to any real estate you own, car titles, and any other loan documents you may have. Most individuals will choose between filing a "Chapter 7" bankruptcy and a "Chapter 13" bankruptcy. You will benefit from consulting with a bankruptcy lawyer, when determining which form of bankruptcy you should pursue. When you are looking for a bankruptcy lawyer, you will typically benefit from hiring a lawyer who handles a lot of bankruptcy cases, and has good systems in place for processing bankruptcy forms and filings. If you are able, you may wish to seek a referral to a bankruptcy attorney from a lawyer you know and trust. If not, this is a category of lawyer that is often easiest to find through your local Yellow Pages.
Attorney as debtor in Chapter 7?
Attorneys are treated no different than other debtors in bankruptcy. I know an experienced bankruptcy attorney who estimates that he's filed about 20 such cases.
Filing for Bankruptcy?
No one ever plans to file for bankruptcy, but if you ever find yourself in a financial bind, filing for bankruptcy to remove most of your debts may be the only alternative you have to start over again and reclaim your life. By filing for bankruptcy, you can protect yourself from creditors that may try to repossess your property and who often make harassing calls to your home. In the United States, individuals that need to declare bankruptcy can file for either chapter 7 or chapter 13 bankruptcy protection. Chapter 7 bankruptcy protection is the typical bankruptcy that everyone thinks of when they hear the word. In chapter 7 bankruptcy, the courts will try to liquidate your assets in order to pay off your creditors. Once all your assets have been sold off, the rest of your debts will be discharged by the bankruptcy court. Chapter 13 bankruptcy is slightly different. Chapter 13 bankruptcy is often called a working man's bankruptcy and is intended for people that have jobs. In chapter 13 bankruptcy, your bills become reorganized and consolidated. You will then have to work out a payment plan for the courts. Once the court has approved your plan, you have a certain amount of time to pay off your debt according to the plan. Should you fail to adhere to the plan, your bankruptcy protection will be nullified, opening you up once again to creditors. In order to qualify for chapter 7 bankruptcy protection, you need to pass what the government calls a means test. In order to pass the means test and meet the qualifications for chapter 7 bankruptcy, you need to earn less than the median income of the state in which you reside. If you earn more than $167 over the median income of the state you do not qualify for chapter 7 bankruptcy. Many people want to qualify for chapter 7 because it discharges most of their debts instead of making them repay it later as in chapter 13. Chapter 7 and chapter 13 bankruptcies can eliminate most debts, but some debts can almost never be discharged by bankruptcy courts. This includes student loan debts, lawsuit awards, spouse and child support, and most taxes. Also before filing for bankruptcy it is important to know how a filing can affect the rest of your life. For one thing, chapter 7 stays on your credit report for up to 10 years. Chapter 13 bankruptcy will remain on your credit report for 7 years. Having a bankruptcy on your credit report will make it difficult to obtain loans, get credit cards, find housing, or even gaining employment.
When you file a Chapter 13 bankruptcy and it is dismissed you decide not to go on with it will this show up on your credit report?
The filing of a Chapter 13 SHOULD show on your credit report. The dismissal MAY show. Without seeing all three of your credit bureau files, there is no way to know for certain. You should obtain copies of all three reports from Equifax, Experian and Transunion. Dispute the appearance of anything having to do with a bankruptcy if you did not "go through with it".
When can you refile bankruptcy after a previous bankruptcy discharge?
That depends on your situation. If you have filed but not received discharge of debt, then you may refile immediately. If you filed for chapter 7 and received discharge of debt, then you can file eight years after discharge date for chapter 7. If filed under chapter 13 and received discharge of debt, can refile after two years for same chapter 13. http://www.jacksonwhitelaw.com/what-we-do/get-help-filing-for-bankruptcy/ If the first bankruptcy, C. 7, was dismissed for cause, you have to wait 180 days before refiling. If you file a C. 7 and get a discharge, you can file a C, 13 immediately after the 7 is closed, called a "Chapter 20" by bankruptcy lawyers who know what they are talking about.
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.
Is it possible to buy a home after filing chapter 13 then chapter 7 bankruptcy?
Yes, it is possible but there are circumstances. Time is a big factor, that is how much time has passed since the chapter 7 was discharge? I know of lenders who will provide loans just one day out of bankruptcy. But a fairly decent credit score has to be there and if its a refinance there has to be some equity in the property.
If you co sign on a auto loan and they file chapter 13 bankruptcy how do you keep your credit from showing not paid on time?
You know the answer: YOU have to make the payments. You agreed to do that when you signed the agreement. Of course, you may be eligible for bankruptcy also.
