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sad
Guest
0.10 Dollars($)
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Post subject: chapter 13 |
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| can i file with $200,ooo in credit card debt |
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Niicss
Joined: 03 Oct 2005
Posts: 2617
Location: New Jersey
409.01 Dollars($)
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Post subject: |
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Hi sad
Is it the only debt for which you are planning to file bankruptcy? If yes, then I would suggest you to check out the option of debt settlement first. This will help you in reducing your payments to a certain extent depending upon your situation, so that you can pay off the dues.
Thanks.
_________________
Good is the Enemy of Great. |
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daisy
Guest
0.10 Dollars($)
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Post subject: chapter 13 |
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| if i am late with my bankruptsy payment what will happen |
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amgrag
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0.10 Dollars($)
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Post subject: help to see if i can file chapter 13 |
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| It has been 3 yrs and 11 months since filing a chapter 7 can i file the chapter 13 |
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adonis
Joined: 22 Oct 2005
Posts: 3852
Location: ALASKA
120.89 Dollars($)
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Post subject: |
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Welcome,
To daisy,
If you're late with your bankruptcy payments, your bankruptcy can get dismissed.
To amgrag,
In order to file Chapter 13 bankruptcy, you will have to wait for 4 years after the discharge of Chapter 7 bankruptcy.
_________________
Procrastination is the enemy of your financial sucess |
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buddy14
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0.10 Dollars($)
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Post subject: WHAT TO DO? |
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I HAVE EXTREMELY HIGH MONTHLY EXPENSES AND CRED CARD DEBT. I AM NOT LATE W/ CRED CARD PAYMENTS BUT SOME FINANCE CHARGES HAVE INCREASED. I HAVE NO PROPERTY. HOUSE, NOTHING BUT A CAR WITH 9000 LEFT ON THE LOAN.
WOULD YOU ADVISE CHAP 13 BANKRUPTCY?
MY OUTGOING MONTHLY PAYMENTS = APPROX 7500. MY TAKE HOME IS ONLY 4000.
IF I DO CHAP 13 I HAVE NO CREDIT. I HAVE NO SAVINGS AND LIVE PAY CHECK TO PAY CHECK.
ANY SUGGESTIONS? |
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jameshogg
Joined: 20 Dec 2005
Posts: 4291
Location: nevada
509.34 Dollars($)
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Post subject: |
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Hi buddy,
You can file Chapter 13 bankruptcy. It will help you to get your unsecured debts discharged. Apart from this, you would get a new payment plan to pay off your mortgage and your car loan. However, before filing bankruptcy, it would be better if you could contact a bankruptcy attorney and take his opinion.
Thanks |
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Teddy03
Guest
0.10 Dollars($)
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Post subject: |
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| If I have payday loans can if file Chapter 13? |
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adonis
Joined: 22 Oct 2005
Posts: 3852
Location: ALASKA
120.89 Dollars($)
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Post subject: |
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Hi Teddy,
You can file bankruptcy though you have payday loans. These are unsecured loans and can get discharged after you file for bankruptcy. However, it is not a good option to file bankruptcy if payday loans are your only debts. You can contact debt consolidation companies to negotiate with your creditor so that you can lower your payments.
_________________
Procrastination is the enemy of your financial sucess |
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cheetah
Guest
0.10 Dollars($)
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Post subject: filing chapter 13 |
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| can you still keep two homes that you still owe on if filing chapter 13? |
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jameshogg
Joined: 20 Dec 2005
Posts: 4291
Location: nevada
509.34 Dollars($)
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Post subject: |
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Hi cheetah,
Though you file Chapter 13 bankruptcy, you will be able to keep both the homes. Both the lenders would give you a repayment plan to pay off the dues within 3-5 years.
Thanks |
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coni
Guest
0.10 Dollars($)
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Post subject: assets |
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| I have bank accounts set up by my father before he passed away for me to take care of my mother who is in an ALF for alzheimers. Since these funds are in my name, do I have to show them as assets and would they be used for repayment? |
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anonymoussss
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0.10 Dollars($)
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Post subject: payday loans |
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| if i file chapter 13 will this inclue my payday loans there killing me, i dont want to get in trouble for not paying them thanks. |
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adonis
Joined: 22 Oct 2005
Posts: 3852
Location: ALASKA
120.89 Dollars($)
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Post subject: |
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Hi,
To coni,
As far as I know, as the account is in your name, you'll have to list it as your asset. However, you can inform your bankruptcy trustee about the purpose of that account and check out if that account would be used for repayment of debts or not.
To anonymoussss,
If you file Chapter 13 bankruptcy, then you can include your payday loans into it. As it is an unsecured loan, it will get discharged.
_________________
Procrastination is the enemy of your financial sucess |
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Deadlift
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0.10 Dollars($)
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Post subject: Dismissal and refiling or amendment |
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| Our monthly 13 payment has caused my business to get behind on monthly obligations. We are 2+ years into it and have made timely payment until about 2 months into this year. They paid on the secured amounts such as back taxes, mortgage and car payments. We have yet to touch most of the unsecured credit card debt. If the case is dismissed and refiled to lower the payment by about half acording to my calculations can the credit card companies and their agents file claims for accrued interest from the date of original filing 2+ years ago and tack that amount on to their new claim when and if we re-file? What other options do we have since we are now facing dismissal due to default? Are my only 2 options to file an amended plan or get it dismissed and refile? |
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