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19 Mar 2024, 6:00 am
Types of Bankruptcy: Chapter 7 and Chapter 13 Bankruptcy in the United States primarily involves two chapters: Chapter 7 and Chapter 13. [read post]
18 Mar 2024, 5:23 pm
Under this chapter, a trustee is appointed to liquidate the debtor’s non-exempt assets and distribute the proceeds to creditors, effectively discharging the debtor from most debts. [read post]
18 Mar 2024, 11:36 am
Trustee Program publishes them. [read post]
12 Mar 2024, 7:50 am
It offers a chance to either eliminate debts (Chapter 7) or reorganize them (Chapter 13). [read post]
8 Mar 2024, 9:04 am
Chapter 13 debt limits increase If the money available over 60 months wouldn’t pay 25% of your unsecured debt, you still pass the means test. [read post]
15 Feb 2024, 10:05 am
In contrast, a Chapter 13 bankruptcy involves a repayment plan where the debtor gradually pays off their debts. [read post]
9 Feb 2024, 4:32 am
Understanding Chapter 13 Bankruptcy Chapter 13 bankruptcy, often referred to as “reorganization bankruptcy,” differs from Chapter 7 in that it involves creating a structured repayment plan to settle debts over a period of three to five years. [read post]
8 Feb 2024, 2:00 am
Do you qualify for Chapter 7 and/or Chapter 13? [read post]
6 Feb 2024, 12:55 pm
The trustee’s role is to review your financial information, oversee any asset liquidation in Chapter 7, or manage the repayment plan in Chapter 13. [read post]
6 Feb 2024, 6:00 am
This plan is at the heart of Chapter 13 and determines how much you will pay monthly to the bankruptcy trustee. [read post]
1 Feb 2024, 4:38 am
Some negotiation with the bankruptcy trustee may be involved. [read post]
31 Jan 2024, 1:23 pm
Usually, the Chapter 13 trustees will agree to let the debtor keep 50% of the net proceeds of the case, where the Chapter 7 trustee’s will take 100% of the proceeds. [read post]
30 Jan 2024, 8:07 am
In Chapter 13, they image paying creditors every dollar of value over the exemption. [read post]
29 Jan 2024, 1:31 pm
If you are in a Chapter 13, it is required to supply your tax return each year to the trustee and turn over your tax refund. [read post]
26 Jan 2024, 10:31 am
Chapter 13 Bankruptcy: Chapter 13 bankruptcy involves a repayment plan where you can keep your property while making payments to creditors over a specified period (usually three to five years). [read post]
24 Jan 2024, 8:24 am
Chapter 13 Bankruptcy: Filing for Chapter 13 bankruptcy usually takes 3 to 5 years to complete. [read post]
20 Jan 2024, 3:47 am
To sum up the process of Chapter 7 bankruptcy: The bankruptcy trustee may liquidate non-exempt assets to repay creditors. [read post]
19 Jan 2024, 2:11 pm
A Chapter 13 might be an option if you have gambled since you are trying to pay creditors back to some extent. [read post]
19 Jan 2024, 2:11 pm
A Chapter 13 might be an option if you have gambled since you are trying to pay creditors back to some extent. [read post]
17 Jan 2024, 3:48 pm
The two most common types for individuals are Chapter 7 and Chapter 13. [read post]
