If You Filed Chapter 13 Bankruptcy, Can They Take Your Inheritance?
Chapter 13 bankruptcy lasts a minimum of three years. If you inherit money or property during that time, it could end up going to your creditors. Read More
Cram Down Law & Chapter 13
Bankruptcy doesn't allow you to wipe out a secured loan and hang on to the collateral. The cram down rule in Chapter 13 is an exception. Read More
Most Chapter 13 objections focus on how much your plan promises to pay creditors and how likely you are to make the payments you've promised. Read More
Non-Dischargeable Debts in a Chapter 7 Bankruptcy
Chapter 7 bankruptcy can erase many types of debt. However some forms of debt, such as back child support, cannot be wiped away. Read More
What Does Chapter 7 Bankruptcy Cover & How Long Does It Take?
A Chapter 7 liquidation bankruptcy covers and releases you from all responsibility for most unsecured debts. It usually takes four to six months to complete. Read More
What Does Notice of Commencement Mean in a Bankruptcy Case?
In a bankruptcy case, a "notice of commencement" signifies a very particular thing. Find out what a "notice of commencement" means in a bankruptcy case with help from a financial… Read More
Does Bankruptcy Affect Car Insurance?
The decision to declare bankruptcy can affect a variety of different areas in your life, including your car insurance. Find out about how bankruptcy affects car insurance with help from… Read More
Can People Buy Houses After Bankruptcy & How Long Do They Have to Wait?
Bankruptcy won't stop you from buying a house forever, but it may delay the opportunity for awhile. Find out if people can buy a house after bankruptcy and learn how… Read More
Surviving Bankruptcy & Keeping Your Home
Just because you're declaring bankruptcy doesn't mean you're going to lose your home. Learn about surviving bankruptcy and keeping your home with help from a bankruptcy and personal finance expert… Read More
Is My Homeowner's Life Insurance Policy Still in Effect After Bankruptcy?
Bankruptcy affects a wide variety of different things, including things like homeowners life insurance policies. Find out how your homeowners life insurance policy is affected, and whether or not it… Read More
Can You Add an Old Bill That You Forgot to Put on Your Bankruptcy After It's Been Filed?
Just because you've already filed for bankruptcy doesn't mean you can't make changes to that filing as needed. Add an old bill that you forgot to put on your bankruptcy… Read More
How to Estimate Jewelry Value in Bankruptcy
You will have to estimate the value of a lot of personal property items, like jewelry, during the bankruptcy process. Estimate jewelry value in bankruptcy with help from a bankruptcy… Read More
Reaffirmation of Property Following Bankruptcy
Entering into a reaffirmation agreement in regards to your property following bankruptcy has a few very serious consequences that you need to be aware of. Learn about the reaffirmation of… Read More
Do I Need to List My Wife's Property in Bankruptcy if Not Filing Jointly?
Whether or not you need to list your wife's property in a bankruptcy if you're not filing jointly depends on a few things, like where you live. Find out if… Read More
Why Should I Not Reaffirm My Home Mortgage After Going Bankrupt?
Reaffirming your home mortgage may not be for everyone depending on your current situation. Find out why you should not reaffirm your home mortgage with help from a bankruptcy and… Read More
How to Move to Another State During Bankruptcy
Moving to another state during a bankruptcy case always requires you to keep a few very important things in mind. Move to another state during bankruptcy with help from a… Read More
Will Bankruptcy Affect Home Insurance Rates?
Before declaring bankruptcy, it is always important to understand exactly how this decision will affect you throughout your life. Learn how bankruptcy will affect your home insurance rates with help… Read More
The Bankruptcy Look-Back Period
A few very specific things should always happen during the bankruptcy look-back period. Find out about the bankruptcy look-back period with help from a certified financial planner in this free… Read More
Does Filing Bankruptcy Remove My Name From Any Property That My Ex-Spouse Still Owns?
Filing for bankruptcy not only affects your credit but could also have an impact on your ex-spouse’s credit. If you own property together, bankruptcy judgments and divorce decrees determine your… Read More
Can I File Bankruptcy if I Am Being Sued for an Accident?
Filing for bankruptcy can relieve you of the obligation to pay many of your debts and can protect you from most creditors who look to collect on debts from you.… Read More
Does Bankruptcy Affect Your Child's Chances for Financial Aid?
A college education can, in some cases, exceed the cost of a new home. It follows that, without financial aid, many children won't have the option to attend college. Whether… Read More
Bankruptcy courts don't necessarily want to strip people of assets with great sentimental value, even when they also have significant monetary value. You must list your engagement ring on your… Read More
Can I File Bankruptcy if I'm Not Late on My Payments?
You don't have to be severely deliquent on your bills to file for bankruptcy. In fact, all that's necessary for Chapter 7 bankruptcy eligibility is passing the means test. Even… Read More
Can Creditors Charge Late Fees After You File Bankruptcy?
When you owe money to multiple creditors, filing for bankruptcy can provide you with some court-assisted relief from the debt. During the initial stages of the bankruptcy filing, your creditors… Read More
When your debts are piling up and you’ve run out of options for repaying them, filing for bankruptcy protection may be your best bet. A bankruptcy filing can eliminate some… Read More
Do You Have to Wait for Bankruptcy to Be Discharged Before Getting a Car Loan?
A bankruptcy discharge means the process is complete and the debtor’s finances are no longer under the control of a federal bankruptcy court. However, that can take up to five… Read More
Can a Person File Bankruptcy Over a Recognizance Bond?
A recognizance bond is one of several types of bail bond. Bail bonds are a financial guarantee that a criminal defendant will show up in court at the scheduled time.… Read More
Can an IRA Be Seized in New Jersey?
New Jersey residents may be subject to a civil lawsuit for failing to repay a debt. State law permits creditors to collect a judgment by garnishing the debtor's wages, freezing… Read More
Most lawsuits cannot continue when the person being sued files for bankruptcy protection. If you are seeking financial restitution, you can find out if you should be classified as a… Read More
How to Make a Payment to a Bankruptcy Trustee
Chapter 13 bankruptcy filers pay back all or part of the debt owed to their creditors through a repayment plan. The bankruptcy court establishes the repayment plan,ch and the bankrupt… Read More
How Will My Ex Filing Bankruptcy on a House We Cosigned Together Affect Me?
If you and your spouse cosign for your mortgage loan, you are both equally responsible for making payments when they are due. If you separate or divorce, both of you… Read More
The disposition of debts after bankruptcy depends upon whether the debt is secured or unsecured. A mortgage is not satisfied in bankruptcy. A mortgage is a form of secured debt,… Read More
Can a Reaffirmation Agreement Be Filed After Discharge?
A reaffirmation agreement is an agreement between you and your creditors to allow a debt claim to stay in effect even after a bankruptcy discharge. While most bankruptcy courts like… Read More
How to Fill Out a Reaffirmation Agreement
Bankruptcy is an extreme form of debt relief. Under some forms -- particularly Chapter 7 bankruptcies -- the debtor’s personal property is subject to liquidation and sale. A reaffirmation agreement… Read More
Can I Protect Savings Bonds During a Bankruptcy?
When the United States needs to borrow money, it issues savings bonds through the United States Department of the Treasury. The bonds are generally considered safe investments, because the federal… Read More
How to Figure Living Expenses for Bankruptcy
The bankruptcy court looks at your allowable living expenses to determine whether you fall under the means test for a Chapter 7 bankruptcy, or how much you can afford to… Read More
Can a Trustee Take Your Workman's Compensation Settlement After a Discharged Bankruptcy?
Workers compensation cases can take years to settle. When they do settle, however, they can mean having thousands of extra dollars at your disposal. The bankruptcy trustee will view your… Read More
Can the Trustee Take the Child Tax Credit in a Bankruptcy?
One aspect of bankruptcy that may make it a bit scary is the notion that the bankruptcy trustee can take all your property and leave you destitute. Fortunately, the law… Read More
What Assets Are Listed for Proving Insolvency?
Insolvency, or bankruptcy, is the process by which a person asks for court-ordered relief from creditors. Before such a drastic step is granted, non-exempt assets must be sold and the… Read More
What Are Stipulated Claims in Bankruptcy?
In bankruptcy court, a judge has to decide the best way for a debtor to realistically satisfy all debt claims placed by creditors. The stipulated claims that result become a… Read More
How Much Money Can You Keep in Your Account if You File for Bankruptcy?
Money sitting in your bank account on the day of bankruptcy filing has a definite impact on your bankruptcy. The bankruptcy process requires complete honesty and accuracy when filling out… Read More
What Does Proposed Abandonment in Bankruptcy Mean?
If you file for bankruptcy and have no assets that can be administered, you may receive a notice of proposed abandonment of property. The notice of proposed abandonment is not… Read More
Making a major purchase, like an ATV, is more difficult after a bankruptcy -- but not impossible. A bankruptcy damages your credit and makes creditors less likely to lend to… Read More
When you file for bankruptcy, you receive protection from creditors, and if your case ends successfully, you also receive a bankruptcy discharge. In addition to its benefits, bankruptcy also means… Read More
When you file for bankruptcy protection, the bankruptcy court may either discharge or dismiss your case. In most cases, the court will discharge the bankruptcy, which gives you a fresh… Read More
What Happens if I Don't Reaffirm My Mortgage After Bankruptcy?
Unlike auto lenders, most mortgage lenders won't take back their collateral and foreclose if you don't reaffirm. Read More
How Long After Bankruptcy Do You Have to Let Trustee Know of Inheritance?
Whether to file for bankruptcy can be a difficult decision, and the bankruptcy process may be fraught with stress and uncertainty. When a loved one dies during your bankruptcy process,… Read More
All outstanding debts, including traffic ticket fines, should be included in a bankruptcy case. Whether you will remain responsible for paying the fines depends on the chapter of bankruptcy filed… Read More
When a bankruptcy is discharged from the U.S. Bankruptcy Courts, many debtors
believe their battle with creditors is over. If a debtor fails to meet the terms of the discharge,… Read More
Jurisdiction refers to the power of a court to exercise power over a case. In order for a court to hear a certain case, the court needs to have the… Read More
If you plan on filing for Chapter 7 bankruptcy, a bankruptcy trustee has the authorization to take inventory of your property and sell any property that the law does not… Read More
Reaffirming mortgage debt in bankruptcy to keep your home is unnecessary to impossible, depending on the chapter of bankruptcy you file under. As a secured debt, your home mortgage usually… Read More
What Happens After You File for a Homestead Exemption?
When gathering at your family reunion, you might hear stories about how ancestors homesteaded land in the United States. While this type of homesteading is a thing of America’s past,… Read More
What Constitutes Fraud in Hiding Assets Before Judgment?
When you owe money to creditors and cannot afford to pay it back, these creditors can take action against you to collect. Prior to losing assets through a judgment, some… Read More
When a consumer is no longer able to find any way to repay his debts, he is able to file for bankruptcy with the federal government. Individuals can choose between… Read More
With the introduction of the Bankruptcy Abuse Prevention and Consumer Protection Act, the amount of money you make matters more than ever when filing for bankruptcy. The changes to the… Read More
In states that allow for them, a married couple can file for a legal separation as long as they are residents of the states in which they file. Getting a… Read More
Even if your financial situation improves after declaring Chapter 13 bankruptcy, you must obtain the trustee's approval before making any major purchases until he discharges your petition. It can take… Read More
Filing bankruptcy can be stressful. For the most part, however, bankruptcy runs along a relatively predictable timetable. If you understand what happens after you file bankruptcy, after you go to… Read More
In Chapter 13 bankruptcy, you spend three or five years paying back your creditors out of your disposable income. Instead of paying them directly, you write a check to the… Read More
A career in real estate can provide you with the opportunity to determine your own income through your efforts and negotiation skills, permit flexible scheduling and give you the satisfaction… Read More
Can a Creditor Take Your Money After a Discharge?
When you file for personal bankruptcy, you essentially tell the bankruptcy court that you cannot pay your bills. The bankruptcy court offers you help through the provisions of the federal… Read More
What Is the Homestead Exemption in Missouri?
The homestead exemption in Missouri can be the key to saving your home if you file bankruptcy in Missouri. While Missouri's homestead exemption is not particularly generous compared with the… Read More
When you surrender your property in bankruptcy, the lender that financed your purchase of the home has a right to foreclose, but it has no obligation to do so. Your… Read More
Filing for bankruptcy can stop a tax refund offset initiated by a private creditor such as a credit card company or collection agency. However, if the reason for the tax… Read More
The court-appointed trustee in charge of your bankruptcy has broad powers to review all of your financial records, including your bank accounts, while your bankruptcy is in process. The trustee… Read More
A bankruptcy dismissal is a serious issue because it strips away protection from creditors, a primary reason many people file for bankruptcy. Once the court dismisses the bankruptcy, creditors are… Read More
Public trust clearance is a mandatory level of security clearance for those working in sensitive positions within the federal government. Approval for this clearance requires FBI-level investigations, which takes a… Read More
Depositions are closed-door fact-finding sessions at which sworn testimony is provided. Bankruptcy petitioners are required to submit to deposition by the court trustee and creditors. There's no need to be… Read More
Can I Accept a Monetary Gift After I File Bankruptcy?
If you find yourself in the position of having to file for bankruptcy, your financial position is most likely pretty bleak. Receiving a monetary gift after you file bankruptcy may… Read More
Can You Renew Your Passport if You Have Filed for Bankruptcy?
You can renew your passport whether you are or have been in bankruptcy. The only time you may not be able to renew your passport is if you are behind… Read More
What Does a Motion to Expunge Mean During Bankruptcy?
Expungement is a term used mostly in criminal law, where it refers to the erasure of a criminal proceeding from your record. Since going bankrupt is not a crime, you… Read More
Filing for bankruptcy does not mean that you no longer have to deal with your creditors -- quite the contrary. If you owe money on an auto loan, your lender… Read More
How to Check on the Status of Discharge Papers for Bankruptcy
You can request a hard copy of your bankruptcy discharge order or contact the Voice Case Information System to hear information about your case over the phone. If you go… Read More
Getting Calls From a Debt Collector After Bankruptcy Discharge
When you do not pay your bills, creditors may sell your account to collection agencies, and you will start receiving calls from debt collectors. The law allows debt collectors to… Read More
What Is the Homestead Exemption in Tennessee?
If you're struggling with overwhelming debt, filing bankruptcy can offer you a fresh financial start. Chapter 7 bankruptcy allows you to eliminate your debts entirely in exchange for surrendering certain… Read More
How to File a Complaint Against a Bankruptcy Trustee
Bankruptcy trustees in the U.S. are usually covered by the U.S. Trustee Program (USTP), a supervisory scheme that covers most of the country through 21 regions. The program is part… Read More
How to Get Bonded After Bankruptcy
Working in certain industries, such as for financial institutions and government agencies, requires you to be bonded. The insurance-type bond, a surety bond, protects the employer in the event of… Read More
How to Handle the Emotional Stress of Bankruptcy
Although bankruptcy can provide relief from creditor phone calls and letters, it can take a toll on your emotions. If you have decided that bankruptcy is your only option for… Read More
What Happens If I Hit the Lottery After I File Bankruptcy?
In most cases, hitting the lottery provides a great financial benefit. Unfortunately, if you recently declared bankruptcy, your winnings may be short lived. Although your lottery winnings will generally not… Read More
What Happens to a Defaulted Student Loan in Bankruptcy?
Filing for bankruptcy is an option for people having difficulty paying student loans and other bills. It is extremely difficult to get rid of student loans due to the laws… Read More
Original creditors typically send past due debts to collection agencies after multiple failed attempts to recover from the debtor. Some creditors assign the collection function to collection agencies and retain… Read More
When you accumulate a large amount of debt you can't afford to pay, one of the quickest ways to get out of it is to file for bankruptcy. Many people… Read More
Life after bankruptcy can be challenging, especially with anything related to money. This is true of renting a home. If you need to move after bankruptcy, or if you've been… Read More
The Basis for Motion to Dismiss a Complaint in a Bankruptcy Case
A bankruptcy case differs from a traditional legal case. Generally, a plaintiff files a complaint alleging that the defendant committed some wrong that the plaintiff asks the judge to make… Read More
If I Took a Lump Sum for My Pension Plan Payout, Do I Include That in My Chapter 13 Means Test?
Pension plans are retirement plans that are funded by your employer. The retirement plan is a savings that you do not need to accumulate yourself, but you also have limited… Read More
How to File for Bankruptcy on a Private Student Loan
Debtors looking to bankrupt private student loans will have a difficult time doing so. In 2005, Congress passed the Bankruptcy Abuse Prevention Consumer Protection Act (BAPCPA). Prior to BAPCPA, private… Read More
What Happens to a Home After It Is Surrendered in a Bankruptcy?
Although debtors often have the option of trying to hold onto their home through a bankruptcy proceeding, sometimes this isn't logical. The home may be worth less than the outstanding… Read More
Does Filing Bankruptcy Affect My Ability to Get a Student Loan?
It's easy to get into financial trouble in your early 20s and harder to get out, so it's best to learn how to manage credit early to avoid the financial… Read More
What Happens If I Inherit Something After a Discharge for Chapter 7 Bankruptcy?
Treatment of an inheritance in a Chapter 7 bankruptcy case depends on when the case was filed and the date you are entitled to receive the inheritance. Even if the… Read More
Can an Estate File for Bankruptcy?
When heirs inherit an estate following a close relative's death, the deceased's outstanding debt could outweigh the value of the estate. This may mean that the surviving heirs won't inherit… Read More
Discharge Bankruptcy and Overpayment of Social Security Benefits
If you have been overpaid Social Security benefits and are embarking on Chapter 7 (discharge) bankruptcy, you are probably wondering whether your Social Security overpayments can be discharged. The line… Read More
How Long After Bankruptcy to Turn in a Car?
Bankruptcy relieves a debtor of most of his debts or arranges a payment plan to help him pay off creditors, thus giving the debtor a fresh start financially. Federal courts… Read More
Are 529 Plans Protected From Creditors?
A personal financial downturn may leave you no choice but to file for bankruptcy. When you file, certain assets such as your retirement savings are protected from your creditors. Funds… Read More
Can an Undischarged Bankrupt Be an Executor of a Will?
The ultimate goal of bankruptcy is the discharge. A bankruptcy discharge is a court injunction that prevents creditors from forever seeking to collect a debt from you, and is entered… Read More
Grants for Bankruptcy
For individuals and families on the brink of bankruptcy, government grants can provide an option to lighten the burden of medical bills, support a foundering small business, or assist in… Read More
How Long Before Bankruptcy Can You Give a Gift?
If a bankruptcy looms in your future, you might think that you should give gifts before a bankruptcy court liquidates your assets. However, giving gifts before your bankruptcy starts can… Read More
Can Bankruptcy Affect My CPA Status?
Although bankruptcy is a last resort, it can provide relief from creditor calls and letters when you find there is simply no other way to manage your debt. Bankruptcy stays… Read More
Reaffirmation agreements pertain only to secured debts—mortgages and vehicle loans. Shortly after filing Chapter 7 bankruptcy and after the meeting with creditors, a creditor may send a reaffirmation agreement for… Read More
A land contract is an agreement to purchase real estate, such as a home, through financing provided by the owner. The owner retains the title or deed to the property… Read More