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The amount you pay in Chapter 13 bankruptcy depends on your state. In general, you will not have to pay all the debt you owe.

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11y ago

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How long does a chapter 13 conversion to a chapter 7 stay on your credit report in Wisconsin?

A chapter 7 bankruptcy filing remains on your credit report for 10 years. Chapter 13 bankruptcy remains for seven years. Under chapter 13 bankruptcy you repay at least a portion of the debt, so it is removed a little sooner.


Does a chapter 13 bankruptcy filing stall foreclosure?

Yes. It is the most common reason for filing a chapter 13.


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.


When can you file chapter 13 after filing chapter 13in the past?

You can file a another 13 after 2 years have passed from the previous 13 filing date.


A Chapter 13 bankruptcy filing is called a?

reorganization


If you filed Chapter 13 four years ago when can you file again?

There are no time limits for filing a Chapter 13.


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.


How long do you have to wait to file bankruptcy after last bankruptcy?

You have to wait eight years after filing for Chapter 7 and 4 after filing for Chapter 13.


Do all banks have to cooperate when filing chapter 13?

Yes they do.


What happens at chapter 13 creditors' meeting?

Chapter 13 bankruptcy is different than chapter 7 in that you will essentially be reorganizing your debt and coming up with a payment plan. The creditors meeting involves 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 are the Chapter 13 laws about generally speaking?

Chapter 13 laws are the laws that govern bankruptcies. These are different than Chapter 7 bankruptcies because these have a repayment plan by which you repay your creditors.


How many years after filing bankruptcy can you do it again in Massachusetts?

In Massachusetts, you can file for bankruptcy again after a Chapter 7 discharge once eight years have passed since your previous Chapter 7 filing. If you filed for Chapter 13 bankruptcy, you can file for Chapter 7 again after six years, provided you have not paid off your unsecured debts in full. For a subsequent Chapter 13 filing, you can do so after two years from your last Chapter 13 discharge.