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11 May 2024, 7:09 am by Richard West
These requirements may include having debts within the eligibility range for Chapter 11 relief, typically exceeding the debt limit for Chapter 13 bankruptcy. [read post]
9 May 2024, 1:48 am by Allen Graves
Chapter 13 Bankruptcy: Restructuring Mortgage Debt Filing Chapter 13 bankruptcy offers a more comprehensive approach to addressing mortgage delinquencies. [read post]
2 May 2024, 6:53 am by Dan Bressler
Trustee seek to disqualify Kirkland because Kirkland represents Deerfield in fund formation matters entirely unrelated to these chapter 11 cases. [read post]
1 May 2024, 1:18 am by Allen Graves
How Chapter 7 Works When you file for Chapter 7 bankruptcy, a court-appointed trustee will evaluate your assets and income. [read post]
30 Apr 2024, 7:58 am by Richard West
  It aims to prevent abuse of Chapter 7 bankruptcy by ensuring that only those who genuinely need the debt relief it offers can access it.By setting income limits based on the median household income in each state, the Means Test establishes a threshold beyond which an individual may be required to file for Chapter 13 bankruptcy instead. [1] Gather Information About Your Finances When filing for Chapter 7… [read post]
30 Apr 2024, 4:07 am by NWDRLF
In Chapter 7, a trustee is appointed to oversee the process. [read post]
18 Apr 2024, 12:52 am by Allen Graves
Consider Chapter 13 Bankruptcy: If you have significant non-exempt assets or a higher income, filing for Chapter 13 bankruptcy may be a better option. [read post]
3 Apr 2024, 10:39 pm by jaxlawcenter
Chapter 13 Bankruptcy (Reorganization): In a Chapter 13 bankruptcy, you’ll work with the court to establish a repayment plan, typically lasting three to five years. [read post]
21 Mar 2024, 3:00 am by michael
Chapter 7 or Chapter 13 Oftentimes, bankruptcy fraud is committed so that the debtor can qualify for a type of bankruptcy for which they are ineligible. [read post]
19 Mar 2024, 6:00 am by Damon Duncan
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 by Karina Lytvynska
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]
12 Mar 2024, 7:50 am by jaxlawcenter
It offers a chance to either eliminate debts (Chapter 7) or reorganize them (Chapter 13). [read post]
8 Mar 2024, 9:04 am by Cathy Moran
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 by Richard West
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 by jweil
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 by michael
Do you qualify for Chapter 7 and/or Chapter 13? [read post]