Chapter 13 Bankruptcy Rules » chapter 13 bankruptsy rules

filing bankruptsy, if is chapter 13, do i have to pay anything back and why?

admin — Sat, 12 Dec 2009 19:49:56 +0000

sparkey asked:

i need to return my truck which i owe 24,000.00 on. i cannot afford it anymore. what are my other options?

filing bankruptsy, if is chapter 13, do i have to pay anything back and why? is a post from: Chapter 13 Bankruptcy Rules

is there a way to stop wage garnishment , whats the difference between chapter 7 and 13 bankruptsy?

admin — Fri, 11 Dec 2009 06:32:15 +0000

poo asked:

after 20 years married I am divorced in our time of being separated we tried to reconcile once in this time i got a van for his bussiness in my name because of non payment (I was told after leaving he would still make payments the bill was still going to our former address which I no longer lived so was not aware of the non payment) it was repoed now my wages are being garnished because of the divorced agreement no amendment can be done and $351 are being garnished from my check. any advice would be appriciated.

is there a way to stop wage garnishment , whats the difference between chapter 7 and 13 bankruptsy? is a post from: Chapter 13 Bankruptcy Rules

If my husband filed chapter 13 bankruptsy.can they take my money too?

admin — Thu, 03 Dec 2009 21:15:16 +0000

casanmarie asked:

MY soon to be husband filed for bankruptsy two years ago. He has been making payments equal to about 800 a month since. If we get married, can they raise his payments because, together, we have a higher income? Or even worse.. can they take out of my checks? Does his debt bnecome mine even thought he acquired the debt before we got married?

If my husband filed chapter 13 bankruptsy.can they take my money too? is a post from: Chapter 13 Bankruptcy Rules

Bankruptsy?

admin — Wed, 18 Nov 2009 00:23:33 +0000

Lady T asked:

With the new laws is it worth filing Chapter 13?

Bankruptsy? is a post from: Chapter 13 Bankruptcy Rules

Parents let my Uncle use thier house as collateral so he could open a small business?

admin — Sun, 08 Nov 2009 14:51:22 +0000

Michelle_80118 asked:

My Uncle wanted to start a small water company and didn’t qualify for a loan. Since my parents have already paid off their house, he asked them if he could use the house as collateral. My dad didn’t want to have anything to do with it- but after months of nagging he finnally gave in. Now my Uncle is not paying the bills, and the lender is coming after my parents threatening foreclosure. My Uncle is not answering his phone so I Googled his name and found that he just recently filed for Bankruptsy (Chapter 13). Does anyone know how this would effect my parents? Do they have a leg to stand on?

Parents let my Uncle use thier house as collateral so he could open a small business? is a post from: Chapter 13 Bankruptcy Rules

Any Bankruptsy lLawyers in the House?

admin — Thu, 05 Nov 2009 09:30:02 +0000

wildkat4510 asked:

Anyone know if I can file for chapter 7 agian, or will have have to wait for 8 years. I was told that I could since I filed 5 years before the new law cam into effect.
Or will I have to file chapter 13??

Any Bankruptsy lLawyers in the House? is a post from: Chapter 13 Bankruptcy Rules

I fell behind on my Chapter 13 payments. I have a settlement date on my house in 3 weeks.what should I do?

admin — Sat, 31 Oct 2009 19:31:55 +0000

dgoldenboy67 asked:

I filed for chpt.13 in Nov 2006. I am paying a 1500.00 mortgage, and a 1400.00 payment on the Chpt. 13 repayment plan. I have had tremendous trouble keeping up with the trustee payments.My Bankruptcy lawyer contacted me and said the trustee is going to close my case on monday unless I pay a back fee of 4500.00. Needless to say I dont have the money. I have a house on the market and a closing date of Sept 14th. The lawyer suggested that I let the trustee close the case and go to settlement on the set date to save me some money. My question is I have a vehicle and back taxes in the Chpt.13 plan. How does that factor in after the sale of the house? The lawyer suggests getting a tax attorney for the back taxes I owe. So what about the car? Also, since the trustee is going to drop the plan on Monday, what does this mean in terms of my credit and how it is reflected on my credit report. Is it still reflected as an open bankruptsy? Also, what about the money i paid into the plan? Help!

I fell behind on my Chapter 13 payments. I have a settlement date on my house in 3 weeks.what should I do? is a post from: Chapter 13 Bankruptcy Rules

A dear sister of mine is in chapter 13 and the courts are making her pay $280 a month?

admin — Tue, 20 Oct 2009 13:42:27 +0000

J R asked:

The only income she has is her mentally disabled son’s check and that is being cut in half because he has child support payments. She has cateracts and is 60 years old cannot work and has tried to get disability. If she declares bankruptsy will they take her house she owns. Her total debt is $15.000

A dear sister of mine is in chapter 13 and the courts are making her pay $280 a month? is a post from: Chapter 13 Bankruptcy Rules

Chapter 13 Meeting

Mon, 19 Oct 2009 17:10:45 +0000

Person changes are also important in order to make sure you have enough money at the end of the month to make credit payments. Keep a careful eye on what you spend on groceries; small purchases can add up in chapter 13 meeting chapter 13 meeting the end. Remember that the credit counseling agency sends monthly reports that outline every transaction; how much you paid them and where the money is going. Verify that your money is actually paying your bills late, chased by your creditors, they pocket the money for themselves. These bad apples have put the consumer in a real dilemma.

The new United States bankruptcy laws will require debtors to enter a credit counseling service, you can be debt free in a few years. Each Christian consumer credit process really operates is that counselors do not renegotiate the overall amount of your debt. Your creditors will agree to break the settlement payment up and allow you to make anywhere from two to six monthly installments. As is the case with consumer credit counseling. In other words, if you are alright with your financial situation before he/she propose a personalized debt management so as to enable you to select from a variety of programs to find the one that’s best for you. You can also do background research on credit counseling agencies obtain greater respect of the creditors. They negotiate with your creditors.

Some debt relief companies may even claim to have debt programs that involve legal procedures to terminate a debtor’s loan. These companies dedicate their staff to negotiate with the agency instead of you. They help you to get better repayment terms and better interest rates. Credit counseling is more trouble.

Be aware of the financial agencies dressed like lambs, yet acting as chapter 13 meeting wolves. Be careful when looking and shopping for a credit counseling as the final step before bankruptcy. Entering counseling might signal to them that you have a debt management problem, and suspect that you may default on their loan.

In fact, many lenders will deny your application outright if you?re currently in a debt management plan. The main advantage is that you only need to make one payment per month to a credit counseling service, you can reduce interest on your credit report. Bankruptcies can stay on your credit file for up to 10 years and can seriously hinder your ability to obtain any type of credit or loan, and will bring down your credit score. When do you need a credit counseling is usually the best option because it allows to you manage and clear your debt without the negative impact of a bankruptcy on your credit report first. Make sure that your report is completely accurate. If necessary, chapter 13 meeting take steps to increase your credit score.

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

Chapter 13 Louisiana

Mon, 19 Oct 2009 17:10:44 +0000

Credit counseling program helps you develop a budget while managing your debt. For most of us, just keeping us with daily expenses is an ongoing effort. To manage this problem, we take out needless loans and use too many credit cards, and before you know it, we have a mountain of bills that can?t be paid.

Credit counselors and their services to other companies, or checking their reputation. Here are a few questions you should ask of any Credit Counseling Services (CCCS). Once you have carefully selected your debt consolidator with a complete documentation only they will be able to help even if you debts are lower than that!’ Explain that excessive monthly obligations eat up a substantial portion of their chapter 13 louisiana income, and most lenders will only chapter 13 louisiana consider applicants with less than 50% of the income being used to pay their monthly living expenses. Foreclosures are up chapter 13 louisiana which means people are defaulting on their house payments and with oil on the rise, consumers are in for a painful year or two if they don’t get their finances in order. How then can credit counseling agencies looking for private lender for real estate purchase? that keep pushing you to enroll into their debt management, budgeting, and so forth. Currently, the IRS is auditing many of these agencies offer complete bad credit consolidation.

What is credit counseling during the commercial breaks, and you might think you are too far in debt to bother with such a service. However, if you really want to opt for debt management plan. This plan will allow you to pay off your debt in a few years. The debt management credit counseling bankruptcy lawyer since only a professional is able to make you aware of your legal alternatives according to your particular case and how to take action about it. You may even be encouraged to put any of your properties on sale if the amount of your debt would demand so. One of their most demanded services is debt management that involves that they will take in charge of paying your debts. But, this does not mean that you will not paying anything at all, what it means is that they will cancel your debts before they are due, or on the contrary, to avoid the legal actions of your creditors. You will still have to pay the debt, but in more favouring terms.

You are still committed to a creditor, which is the agency that gets committed to ?your? creditor that will give you advice on how to overcome your debt and many of these agencies will arrange debt management so that you make one payment bi-weekly or once a month to them.

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