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What else can I help you with?
Can you receive money as a gift after filing chapter 13?
Yes, you can receive money as a gift after filing for Chapter 13 bankruptcy. However, you must report this gift to the bankruptcy court and your trustee, as it could affect your repayment plan. The trustee may consider the gift as disposable income, which could lead to adjustments in your plan. It's advisable to consult with your bankruptcy attorney to understand the implications fully.
If a person has filed chapter 13 bankruptcy and their financial circumstances change what can they do?
It is very important that the BK participants contact the bankruptcy trustee as soon as possible when they experience changes that directly affect the filing status.
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 a trust's property be taken if one of the trustees has a judgment against him?
A judgment against the trustee in his individual capacity will not affect the trust property. A judgment against the trustee as the trustee will become a lien on the trust property.
If you filed for chapter 13 can you purchase a new car?
While in a Chapter 13 debt repayment, the person(s) involved must have the permission of the assigned trustee before making major financial transactions. Failure to do this can result in the dismissal of the filing and/or other penalties. Not quite true. You can purchase a new car by obtaining a specific car loan agreement which does not seriously affect your chapter 13 plan payments and filing it with the court with a motion to approve the loan. The chapter 13 trustee must also agree to the new car loan. The details vary somewhat from one bankruptcy district to another, so consult a local bankruptcy lawyer.
Can a will be contested in the trustee is absent from the reading of the will?
Since there is no legal requirement to read the will, it won't affect the will.
Can someone be a trustee with a ccj?
Yes, someone with a CCJ (County Court Judgment) can still be a trustee. However, having a CCJ may impact their ability to manage finances and assets as a trustee, as it can indicate past financial issues. It is advisable to disclose the CCJ when applying to be a trustee and to consider how it may affect their suitability for the role.
Who specializes in refinancing loans while in chapter 13?
Nobody. You can only get a loan in c. 13 if it is approved by the trustee and the court. You will have to show why it is needed and how it will affect your plan. You may have to amend your plan. You have to present the trustee and the court with the proposed loan documents, which can be from any lender. Needless to say, these will be secured loans for the most part and will often replace an existing secured loan, for a car usually. Nobody. You can only get a loan in c. 13 if it is approved by the trustee and the court. You will have to show why it is needed and how it will affect your plan. You may have to amend your plan. You have to present the trustee and the court with the proposed loan documents, which can be from any lender. Needless to say, these will be secured loans for the most part and will often replace an existing secured loan, for a car usually.
If you are currently in a Chapter 13 and received a year's severance from your company due to a downsize what happens to the money and the case?
Generally it would not affect the terms of the "13" if it has been approved and is already in force. The safest option would be to contact the bankruptcy trustee for specific advice on the matter.
Does a chapter 7 bankruptcy affect your credit the same as a chapter 13?
Yes.
How did these gift affect the apostle?
If you are referring to an Apostle in the bible there are many gifts that affect them. The bible talks about how gifts and calling are irrevocable. The Apostles in the bible often utilize spiritual gifting like healing and prophecy.
Does chapter 11 affect your personal credit?
Yes.
