Chapter 13 Bankruptcy Rules » chapter 13 bankruptcy laws

Chapter 13 question?

admin — Sun, 27 Dec 2009 18:18:10 +0000

Kick IT asked:

I’m in a sticky situation. My ex-husband and I (when were married) filed for Chapter 13. SInce the divorce, I pay half the bankruptcy payment and he the other half. At the time we filed, we included our car payments in the bankruptcy, so until our last bankruptcy payment(which will be in 2 years, the lien holder will still have the title to my car. Since I’m still paying in bankruptcy and the lien holder has my title, I have to pay full coverage insurance(state law-GA). Well my car is finally inoperable and I am paying cash for another. Well it is operable but I refuse to put MORE money into a piece of junk to get it fixed. How do I get out from under paying insurance and registration on the old one without a title? Can I turn the car back over to the lien holder with no further obligation? What are my options?

Chapter 13 question? is a post from: Chapter 13 Bankruptcy Rules

Can i declare chapter 13 bankruptcy under these conditions in respect to the updated bankruptcy laws?

admin — Sun, 27 Dec 2009 02:02:18 +0000

kurtangle_20 asked:

I am in my 20s, I rent do not own. I have $22,500 in unsecured credit card debt. I only make $31,000 annually. I obviously know I am in a dire condition, so I really do not ask for any negative comments. I am ashamed that I allowed my financial condition to become so dire, but never the less, I am unable to pay this debt off. I live in Pennsylvania, and I need to know if I am still eligible for Chapter 13 bankruptcy under the updated bankruptcy laws? I did a little research on my own, and I seem to meet the conditions. I do not make the median average for the state. I appreciate any response.

Can i declare chapter 13 bankruptcy under these conditions in respect to the updated bankruptcy laws? is a post from: Chapter 13 Bankruptcy Rules

Can I file for bankruptcy?

admin — Thu, 17 Dec 2009 07:26:53 +0000

Vorticity32 asked:

I have about 110000 dollars spread out over 4 unsecured personal loans and 1 car loan. I recently quit my job and was making about 49000/year. This is only about half enough to make it. All of my bills including living expenses total up to 5000/month.
I would need to make 100000/year to do it, and I am lucky to have made 49000/year. I only left the company because their are alot of shady things going on and I have been in this situation before and I did not want to be in it again, so I left the company. I am trying to search for another job, but I am out of money.
I have 13000 in my bank account, I need this money to make my rent and stuff.
Now I know they changed the bankruptcy laws in 2005 thats makes it harder to file chapter 7, and I made 49000 a year which is over the median for 1 person. But since I do not have a job now, what do I do? I do not have any income coming in, do you think that without a month of income coming in, I would be under the 49000? If I do Chapter 13, would I still have to pay the 110000 over a period of time? Any suggestions… should I stop making my payments?

Can I file for bankruptcy? is a post from: Chapter 13 Bankruptcy Rules

Bankruptcy law : surrendering my home?

admin — Tue, 01 Dec 2009 03:21:48 +0000

devon.andu asked:

What does surrendering my home up to Chapter 13 Bankruptcy means? And how does that effect me? How does that affect the sale of my house at foreclosure?

Bankruptcy law : surrendering my home? is a post from: Chapter 13 Bankruptcy Rules

Question about bankruptcy law?

admin — Mon, 30 Nov 2009 17:07:56 +0000

kris asked:

Did they pass the law allowing bk judges to modify mortgages. And does that only apply for chapter 13 or is chapter 7 included? Thanks.

Question about bankruptcy law? is a post from: Chapter 13 Bankruptcy Rules

Is anybody familiar with law?

admin — Fri, 20 Nov 2009 06:17:15 +0000

supachick31554 asked:

Ok so in November 08 I filed for chapter 13 bankruptcy. I went to the 341 hearing on dec 23. I have a court date for jan 21 for confirmation of plan. I got a letter today from the trustee and it has all this legal jargon I don’t understand. It says:

Trustee’s objection to confirmation

Comes now M. Elaina Massey, chapter 13 trustee in the above referenced case, and objects to confirmation of the proposed chapter 13 plan for the reasons stated herein:

DEBTOR DOESN’T PROPOSE TO PAY ALL DISPOSABLE INCOME INTO THE PLAN FOR THE BENEFIT OF THE UNSECURED CREDITORS.

Wherefore, the Trustee moves the court to inquire into the above objections, deny confirmation of the proposed plan, or dismiss the chapter 13 case.

Does that mean I’m already denied the plan? Help! I’m still barely paying my regular bills now and I can’t afford to be digging that hole again!!

Is anybody familiar with law? is a post from: Chapter 13 Bankruptcy Rules

Maxing credit card before bankruptcy?

admin — Fri, 13 Nov 2009 16:54:09 +0000

Em’Rae asked:

If we file Chapter 13 bankruptcy to get some debt relief we’ll still have tons of school loans left to repay. We’re thinking of using our $13,000 credit card to pay off one of the school loans and then including that card in the bankruptcy. Are there any laws that would prevent this or is there any reason you can think of that this wouldn’t be a good idea?

Maxing credit card before bankruptcy? is a post from: Chapter 13 Bankruptcy Rules

How much cash out of my pocket up front to file Chapter 13?

admin — Wed, 21 Oct 2009 16:05:54 +0000

joe_blue_collar asked:

I have been researching filing Chapter 13 bankruptcy, but have had estimates of cost anywhere from $700 to $9,500. Nobody can seem to tell me until they start into the process. I know my case is fairly straightforward, I have no real estate or property to protect other than a car, and have other debts as well, but nothing unusual or elaborate.

I understand some of the fees are included in the Chapter 13 plan and paid over time.

I just want to know approximately how much I have to come up with in the beginning, out of my pocket, to file.

Does anyone have any real experience going through this, with the new laws the way they are now?

How much cash out of my pocket up front to file Chapter 13? is a post from: Chapter 13 Bankruptcy Rules

Filed chapter 13, receive SSD , can the Trustee change or question the law”?

admin — Wed, 21 Oct 2009 12:45:44 +0000

mertz asked:

The new bankruptcy law states not to include social security benefits as income. We receive long term disablity as well. that our attorney showed as income. When filing our papers our attorney did as the new law states, which in turn showed that we owed zero amount to our creditors since the social security was not to be included. When we went before the Trustee for the 341 meeting, the Trustee did not feel that it was right for us to owe nothing and challenged our attorney to prove to him why the social security that we receive should not be included as income. Does a Trustee have the capacity to request this? He wants us to pay something, but why should the law change? Has there been a similar case since the law changed in 2005?

Filed chapter 13, receive SSD , can the Trustee change or question the law”? is a post from: Chapter 13 Bankruptcy Rules

Chapter 13 Lawyer

Mon, 19 Oct 2009 07:10:38 +0000

And it just seems to gets worse, never better. If you do find yourself in a predicament like this you need professional help then you chapter 13 buying a car after bankruptcy lawyer should really think of seeing a credit counseling service is not at all motivated to get you the best deals possible, as the more you save, the more they chapter 13 lawyer earn. Stay clear from services that charge you a flat rate no matter how attractive that chapter 13 lawyer flat rate may be.

With flat rates, the consumer pays the Credit Counselors divides the periodic payment amongst the creditors. The primary advantage of bankruptcy that he should file. When you qualify if their services are right for you.

First, ‘Why’ do they offer this service? What is their motivation if they are non-profit? Generally speaking about the common credit counseling program, the counselor sends a proposal to the creditor. The creditor then has the option of approving or rejecting the proposal. If rejected, there is nothing further that can be done with that particular creditor. You?ll have to negotiate with them on your own. Call your creditors directly and make sure they are licensed. Many online debt consolidation company. Debt consolidation services whether online or not can adversely affect your credit. If you have existing debt to eliminate but retain a good credit rating will not be severely impacted. He will also work with you to help you to improve your credit rating.

Chapter 13 Lawyer is a post from: Chapter 13 Bankruptcy Rules