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12 Jan 2024, 1:15 pm
Depending on your circumstances, they may suggest filing for either Chapter 7 or Chapter 13 bankruptcy. [read post]
10 Jan 2024, 7:52 am
Chapter 13 bankruptcy is also a good option for high income earners to consolidate their debts into a single payment while reducing interest paid down to between 7-10% (amount paid to a chapter 13 trustee), rather than paying very high interest on credit card debt while only paying the minimums. [read post]
5 Jan 2024, 9:24 am
A Chapter 13 for instance will allow you to make one payment monthly, and the trustee is responsible for divvying that out to your various creditors. [read post]
30 Dec 2023, 10:27 am
For Chapter 7 bankruptcies it typically remains on your credit report for ten years, while Chapter 13 bankruptcies stay on for seven years. [read post]
28 Dec 2023, 12:00 pm
The debtors must pay the chapter 13 trustee the amount set forth in their plan. [read post]
26 Dec 2023, 10:13 am
Chapter 13 bankruptcy involves a repayment plan, allowing individuals to pay off their debts gradually.The restriction on filing for Chapter 13 bankruptcy sooner than the specified waiting period ensures that individuals have ample time to fulfill their repayment obligations while preventing them from abusing the system by repeatedly seeking similar relief. [read post]
19 Dec 2023, 6:00 am
Role of the Bankruptcy Trustee In a Chapter 13 bankruptcy case, the bankruptcy trustee plays a key role. [read post]
11 Dec 2023, 2:00 am
Other debtors might experience obstacles like trustee inquiries, adversary proceedings, etc. [read post]
6 Dec 2023, 4:13 pm
Your case trustee will ensure you remain on track each month. [read post]
6 Dec 2023, 7:49 am
Keeping Your House and Car in Chapter 13 Bankruptcy In Chapter 13 bankruptcy, also known as a wage earner’s plan, the debtor works with a court-approved trustee to develop a repayment plan that spans over three to five years. [read post]
1 Dec 2023, 9:05 pm
But consumer bankruptcy is going up too: Approximately 13 percent more individuals filed for bankruptcy this year than last year. [read post]
29 Nov 2023, 3:33 am
Call us today, and get free debt solution consultations Chapter 7 and 13 bankruptcies! [read post]
25 Nov 2023, 7:45 am
Chapter 13 is a chance to make better financial choices. [read post]
24 Nov 2023, 12:07 pm
Chapter 13 Bankruptcy Chapter 13 bankruptcy is designed to provide individuals with a viable solution for managing their debts while maintaining control of their assets.Unlike Chapter 7 bankruptcy, which involves liquidating assets to pay off creditors, Chapter 13 focuses on debtor reorganization and repayment plans.One of the key features of Chapter 13 bankruptcy is the emphasis on creating a… [read post]
20 Nov 2023, 9:01 pm
PIFSS moved to dismiss the complaint based on its alleged immunity under the Foreign Sovereign Immunity Act (FSIA). 11 Subject to exceptions, FSIA grants a foreign state (country) immunity from the jurisdiction of the courts of the US.12 The definition of a “foreign state” includes “an agency or instrumentality of a foreign state,” 13 and there was no dispute about whether PIFSS satisfied thedefinition. [read post]
8 Nov 2023, 6:35 am
Jones awarded about $13 million to law firm Jackson Walker for its work in more than two dozen chapter 11 cases over recent years, including about $1 million in fees billed by Elizabeth Freeman, his intimate partner, without either of them disclosing their relationship, the U.S. [read post]
7 Nov 2023, 11:04 am
The two primary bankruptcy routes in Texas are Chapter 7 and Chapter 13: Chapter 7 liquidates assets to pay creditors and eliminates remaining debts, including personal loans. [read post]
6 Nov 2023, 5:22 am
Conclusion: The Chapter 13 confirmation hearing is a critical step in the Chapter 13 bankruptcy process. [read post]
4 Nov 2023, 12:35 pm
Type of Bankruptcy: Chapter 7 and Chapter 13 have different implications for selling your home. [read post]
31 Oct 2023, 9:05 pm
Two days later, on October 14, 2021, LTL filed a voluntary bankruptcy petition under Chapter 11 in North Carolina bankruptcy court. [read post]
