Bankruptcy

Married; One spouse filing

Questions — Mon, 27 Nov 2006 11:11:00 +0000

I am married but am considering filing bankruptcy. How does this work if I plan on just filing for myself but we have joint debt on our home and farm.I have credit card, doctor bills, and some other personal loans only in my name that I want to eliminate through Chapter 7 bankruptcy if possible.Just curious on how this will affect my husbands' standpoint and our home/farm?

Chapter 13 repayment to creditors

Questions — Sun, 26 Nov 2006 22:44:00 +0000

I understand that with Chapter 13 mutal payment arrangements are set up with the court and the creditors that you owe. My question is this, I am in danger of having my home foreclosed on because I can no longer maintain the payment. I have considered Ch 13, however are the payment arrangements made accomindating to my financial limitations, since I current can't afford to pay my mortage?

Chapter 13 & rental property

Questions — Tue, 21 Nov 2006 19:18:00 +0000

we just received a letter from the United states Bankruptcy court for the district of Colorado. The debtor has filed a Chapter 13 Plan; a hearing has been set for Feb 12, 2007. The person filing is renting our house and has a lease agreement. Is she obligated to pay the rent on the regular due date until the hearing has been completed? If so, what if she does not pay rent? Do we have legal recourse to terminate the lease agreement? I assume we will need to attend the hearing to find out the 'plan' of repayment. It states on this web page that the 'stay' allows a debtor who is behind on their mortgage payments on their principal residence to cure any defaults by bring payments current over a reasonable amount of time period. Here is a question for that: Since this is a rental for the debtor, yet a mortgage for me, does this statement apply? Also when does this 'stay' go into effect? Is it already in effect? or will that be after the Feb 12th hearing?

Notice of motion to dismiss

Questions — Sun, 19 Nov 2006 02:39:00 +0000

My husband and I filed a Chapter 7 bankruptcy. We have just received a notice of motion to dismiss. What does this mean?

chapter 13

Questions — Tue, 14 Nov 2006 21:14:00 +0000

Can you pay off a chapter 13 bankrupcy early?

chapter 7 bankruptcy

Questions — Mon, 13 Nov 2006 09:25:00 +0000

Im a client of a business who had declared chapter 7. Im just wondering if I will be able to get my 50% down payment Ive made? Thanks

Behind on house payments after filing Chapter 13

Questions — Tue, 31 Oct 2006 20:22:00 +0000

It has been one thing after another and I am 2 months behind on my house payment. My mortgagee has written to the Chapter 13 Trustee requesting a Motion for Relief from Stay. Other than the obvious, somehow catching up my payments, do I have any shelter ffrom foreclosure?

Foreclosure and Chapter 13

Questions — Mon, 30 Oct 2006 17:00:00 +0000

My home is scheduled to be foreclosed on very soon, I have attemtped to work the situtation out with my mortgage company. They have agreed to a repayment plan, however my new monthly mortgage payment will go from $1100 monthly to $1950 monthly. I cannot afford to pay that, but I can't lose my home. If I file Chapter 13 will this stop the foreclosure?

Typical duration of Chapter 7

Questions — Sun, 29 Oct 2006 03:02:00 +0000

What is the average timeframe from start to finish for completing a Chapter 7 bankruptcy?

bankruptcy of student loans

Questions — Sat, 28 Oct 2006 03:13:00 +0000

I recently read on the TSAC site that student loans which are a true hardship may be discharged in bankruptcy. Mine were high, $71,000 but made impossible by added charges for defaulting( I thought all were deferred while i was in grad school)I have a hugh wage garnishment and whopping balance of about $100,000 in student loans. TSAC wants $1000+ a month if I want to get away from a garnishment.They report this amount on my credit as my payment($1000+)when in fact it is about half that! (I have paid every month for 7 years but my credit is still screwed up! Credit Bureaus/FTC cannot/will not corect this!) That's more than half of my income. Could bankruptcy eliminate this debt? What can I do?

chapter 13 bankruptcy

Questions — Thu, 26 Oct 2006 14:46:00 +0000

I am currently under the Chapter 13 Bankruptcy in NC...I pay my trustee monthly and maintain my mtg payments...If I sell my home currently owing 70K and wish to purchase another home what happens to the bankruptcy both with profit and also without a profit?
I am obligated for 3 yrs to the chapter 13 having filed in Feb of this year.

Extra Funds in a Chapter 13

Questions — Wed, 25 Oct 2006 18:21:00 +0000

If you file for a Chapter 13 do you have to put your income tax return towards paying off your debt?

converting chapter 13 to a chapter 7

Questions — Thu, 26 Oct 2006 12:45:00 +0000

i filed a chapter 7 in july 2000 and was discharged in nov 2000 i filed a Chapter 13 august 2006 my payment is to high with our big house payment so we deeded the house back can i file a Chapter 7 ?
we filed the 13 to save our house but then our house payment went way up by $400 a month we cannot afford this

not enough money to file a chapter 7

Questions — Thu, 26 Oct 2006 00:21:00 +0000

I do not have enough money to file a chapter 7. I'm being threatened with garnishment. How can I afford a chapter 7

Chapter 7

Questions — Thu, 19 Oct 2006 16:48:00 +0000

My questions is my husband fell ill and we have to convert to a chapter 7, I have my car that I had paid for before we were married it is the only vehicle we have left, can the court take the vehicle? even though it is the only one we have, I drive it to work and to take my spouse to his Doctor appts, this would leave us without any transportation at all. Is this allowed??