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What else can I help you with?
Can you include the remaining balance of a repossession on a Chapter 7 bankruptcy?
Most folks do so. Ask your B/K attorney for state/case specific advice. Yes
Can you get finance loan on an inherited home with o balance while in chapter 13 bankruptcy?
Yes, if the money is going to pay the balance of the plan, or pay 100% of all claims in the plan. Consult your bankruptcy attorney.
Once a car is repoed Do you have the right to file bankruptcy chapter 13?
Yes, If you are trying to get the vehicle back you can file a Chapter 13. but you have a very short window typically 10 Days to get filed to have much success of getting the vehicle back. Or you may need to file if your window has passed to protect yourself from future liability. The lender will sell the vehicle and if there is a deficient balance will pursuse you for collection of the remaining balance.
How long does it take after a bankruptcy is discharged to show on your credit report?
The amount of time a bankruptcy stays on your credit report after discharge differs between Chapter 7 and Chapter 13 Bankruptcy. With Chapter 7 bankruptcy, the Chapter 7 stays on your credit report for 10 years. Chapter 13 bankruptcy, after discharge, it shows for 7 years on your credit report.
How often can I file for Chapter 7 bankruptcy?
You can file for Chapter 7 bankruptcy once every 8 years.
In chapter 7 bankruptcy after surrendering your car are you still responsible for the remaining balance after the bank sells the car?
No. The balance is an unsecured debt and is discharged. Sometimes people do not do the paperwork correctly, which can cause problems.
Can you include the remaining balance of a repossession on a Chapter 7 bankruptcy?
Most folks do so. Ask your B/K attorney for state/case specific advice. Yes
If a car is repossessed and sold at auction for less than the amount owed to the lender will filing bankruptcy discharge the remaining balance if it has been reduced to judgment?
It depends on the chapter. In either case, your remaining debt is now unsecured and a bankruptcy filing places the judgment on hold. If it is Chapter 13, file a claim and you may receive a percentage of the bankruptcy estate, but not usually until near the end of the bankruptcy term (3-5 years). If it's a Chapter 7, again, it's an unsecured debt and highly unlikely that the debtor will sign a reaffirmation to pay you back. If the bankruptcy gets dismissed (thrown out), your judgment is back in force, provided it has not expired.
Can you include a private school balance in bankruptcy?
Yes, a private school balance can be included in bankruptcy. Depending on the type of bankruptcy filed (Chapter 7 or Chapter 13), the debt may be discharged or restructured as part of the bankruptcy process. It's important to consult with a bankruptcy attorney for guidance specific to your situation.
Can you get finance loan on an inherited home with o balance while in chapter 13 bankruptcy?
Yes, if the money is going to pay the balance of the plan, or pay 100% of all claims in the plan. Consult your bankruptcy attorney.
If an LLC declares bankruptcy how are owed employee wages handled?
If an LLC declares Chapter 11 bankruptcy the employees wages will continue to be paid as normal. However, under a Chapter 7 bankruptcy, the employees are listed as creditors, and wages are paid out with other creditors from any remaining assets, if any remain.
Your husband is filing chapter 7 bankruptcy and you are not but you are a co-borrower on his loans will you still be responsible?
In most states, YES
Filing chapter 13 and voluntary repossession of automobile is the ending amount covered?
When you file for Chapter 13 bankruptcy, your debts, including any remaining balance on a vehicle after voluntary repossession, may be addressed through your repayment plan. However, the amount covered can vary based on your specific circumstances, such as the value of the vehicle, the amount owed, and your overall financial situation. It's crucial to consult with a bankruptcy attorney to understand how your vehicle and debts will be treated in your Chapter 13 plan. Ultimately, the goal is to restructure your debts in a manageable way rather than leaving you with an uncovered balance.
What does a trustee do in Chapter 7 bankruptcy proceedings?
In Chapter 7 bankruptcy proceedings, a trustee is responsible for overseeing the liquidation of the debtor's assets to repay creditors. They review the debtor's financial information, sell non-exempt assets, and distribute the proceeds to creditors.
Once a car is repoed Do you have the right to file bankruptcy chapter 13?
Yes, If you are trying to get the vehicle back you can file a Chapter 13. but you have a very short window typically 10 Days to get filed to have much success of getting the vehicle back. Or you may need to file if your window has passed to protect yourself from future liability. The lender will sell the vehicle and if there is a deficient balance will pursuse you for collection of the remaining balance.
If you filed chapter 13 bankruptcy and it was discharged can you file chapter 7 bankruptcy now?
Yes.
How long does it take after a bankruptcy is discharged to show on your credit report?
The amount of time a bankruptcy stays on your credit report after discharge differs between Chapter 7 and Chapter 13 Bankruptcy. With Chapter 7 bankruptcy, the Chapter 7 stays on your credit report for 10 years. Chapter 13 bankruptcy, after discharge, it shows for 7 years on your credit report.
