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How likely is it that the court will approve the purchase of a new home during a chapter 13 bankruptcy?
It depends on how the home purchase will impact your creditors. If you you payment will be doing up, then you will have less money paid to your creditors under the Chapter 13 plan. On the other hand, you might get approval if the purchase won't lower the amount of money creditors would receive under the plan.
What else can I help you with?
Types of purchase method?
What is the type of purchase method? And I want to know about what different between purchase method and pooling method?installment plans: People began to buy expensive goods using installment plan credit during the 1920s.
Where can someone purchase a cast iron casserole?
One may purchase a cast iron casserole at Canadian Tire via the cooking section or the camping equipment. Home Depot sometimes has these during barbeque season. Other sources include Home Hardware and Homesense.
If i Just purchased a home and now the sump pump is broken who is responsible?
If you just purchased the home, responsibility for a broken sump pump typically falls on the buyer unless specified otherwise in the purchase agreement. If the sump pump was not disclosed as faulty during the sale, you may have grounds to discuss repairs with the seller or their agent. However, after closing, it's generally the homeowner's responsibility to maintain and repair appliances and systems. It's advisable to review your purchase contract and consult with a real estate attorney if necessary.
How much does a heating and central air conditioning system, when you start from scratch?
From what I know they are cheap to purchase, but you need to take into account you will be paying for them on a monthly basis. Which means if you run your air all the time you will be paying a lot. We run out air in California straight during the summer it's pretty pricey, but this is also California pricing.
What was an outgrowth of mass production techniques used during the 1920?
An outgrowth of mass production techniques used during the 1920s was the rise of consumer culture, characterized by increased availability and affordability of goods. This led to the proliferation of advertisements and the establishment of credit systems, making it easier for consumers to purchase items like automobiles and household appliances. Additionally, the efficiency of mass production contributed to economic growth and the expansion of industries, ultimately shaping modern manufacturing and consumption patterns.
How long does it take for a bankruptcy trustee to approve a mortgage loan while still in chapter 13 bankruptcy?
The approval process for a mortgage loan during Chapter 13 bankruptcy can vary, but it typically takes several weeks to a few months. The bankruptcy trustee must review and approve the loan, ensuring it aligns with the repayment plan and does not negatively affect the debtor's financial situation. Factors such as the complexity of the case and the lender's requirements can influence the timeline. It's essential to communicate with both the trustee and the lender to expedite the process.
Can college debt be included in a bankruptcy?
No. Educational loans will remain with your during and after the bankruptcy is completed. This holds true regardless of whether you decide to file for Chapter 7 or Chapter 13 bankruptcy.
Can you refinance during chapter 13?
While participating in a Chapter 13 bankruptcy, no major financial transactions are allowed w/o the permisson of the bankruptcy trustee.
Will you get your tax refund if you file for bankruptcy?
Whether you are entitled to your tax refund will depend on what type of Chapter of bankruptcy you are filing and whether the bankruptcy exemptions can be used to protect the tax refund. If you are filing for Chapter 7 bankruptcy then you can generally keep the refund if the available state bankruptcy exemptions provide protection for it. If you are in a Chapter 13 bankruptcy you are typically required to turn over the tax refunds during the life of the Chapter 13 case.
Can they repo your car if there is a open chapter 7 bankruptcy?
NO collection activity may occur legally during bankruptcy proceedings.
Can traffic tickets be filed in a Chapter 7 Bankruptcy?
Fines for violating the law, such as traffic tickets and judgments, fall under the category of nondischargeable debts in any bankruptcy proceeding and will stay with you during and after your your chapter 7 bankruptcy.
Does interest owed to the Internal Revenue Service stop accruing during Chapter 13 bankruptcy?
Typically a Chapter 13 bankruptcy will require you to enter into a payment plan with the IRS, and interest will be frozen as of the date that you file your bankruptcy petition.
If you filed a chapter 7 bankruptcy in mi and it is discharged how long do you have if you need to file an amendment?
If you filed a Chapter 7 bankruptcy in MI and it is discharged, you can amend whatever document you want at any time. It does not matter whether it is during the process of bankruptcy or after the discharge.
What are the difference between Chapter 7 vs Chapter 11?
The difference between Chapter 7 bankruptcy and Chapter 11 bankruptcy is what happens to a party during the process. Parties undergoing chapter 7 bankruptcy must sell of their assets in an attempt to pay off dept. Chapter 11 allows for one to attempt to maintain their assets. During chapter 11 bankruptcy the party must negotiate with creditors to stay afloat.
What can a trustee take during chapter 13 bankruptcy?
Money for your plan payment, tax refunds.
Will chapter 7 bankruptcy stop a foreclosure in California?
Yes, temporarily. Filing for bankruptcy protects your from collection actions taken by your creditors, including foreclosure during the proceedings.
How do you find a finance company to finance a house during chapter 13 bankruptcy?
In a rough market such as this one, you can't!
