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Bankruptcy law provides for the development of a plan that allows a debtor, who is unable to pay his creditors, to resolve his debts through the division of his assets among his creditors... More »

Typical bankruptcy misconceptions. - Affordable Attorneys Group


For those individuals that are not, there are a number of expenses you can subtract to ... in as little as two years after a Chapter 7 bankruptcy (HUD Guideline 4155.1 : 4. ... Good people who realize that they have a duty and a responsibility to put ... only uninsureds are forced into bankruptcy, but oftentimes those who thought ...

The Debt Discharge in Bankruptcy FAQ - FindLaw


A: A bankruptcy discharge releases the debtor from personal liability for certain ... Debts dischargeable in a chapter 13, but not in chapter 7, include debts for ... Q: Does the debtor have the right to a discharge or can creditors object to a discharge? ... Creditors receive a notice shortly after the case is filed that sets forth mu...

Chapter 7 FAQ's - Lawrence Rubin, Atty


The successful result of a Chapter 7 is a bankruptcy discharge. ... Should I reaffirm any of my debts to "build up" my credit after bankruptcy? ... My spouse has a lot of debts but I do not. ... I thought they my debts were cancelled; what do i do now? .... The fact that you filed a chapter 7 will appear on your credit record ...

If I filed bankruptcy, why do I still show 1 account in collections and 2 ...


Jan 15, 2014 ... Collection accounts will fall off your credit file 7 years and 1 month ... If you then file bankruptcy in Jan 2014 that same collection account will still ... Negative accounts after bankruptcy .... It is based on date of discharge, not date you filed. ... but this caught my attention and thought I would add my experien...

Chapter 7 - Bankruptcy Basics | United States Courts


A chapter 7 bankruptcy case does not involve the filing of a plan of ... "exempt" property; but a trustee will liquidate the debtor's remaining assets. Accordingly, potential debtors should realize that the filing of a petition under chapter 7 may result ... One of the primary purposes of bankruptcy is to discharge certain...

Can Your Creditors Still Sue You After Bankruptcy?


Oct 15, 2008 ... Even if, like us, you did not include the debt when you filed, it was still ... was a Target credit card, about two years after my bankruptcy was discharged. ... and you realize it after the bankruptcy closes, you can have your lawyer file ..... all of the facts as to what can happen to you if something should go wrong.

Chapter 7 and Your 2nd Mortgage | Bankruptcy Attorney David Nelson


Bankruptcy Chapter 7 Discharges the Note or the Loan, but you still have the Lien called ... Your 2nd mortgage lender can foreclose the lien, but in order to do so, it must pay .... Is there anyway to include the 2nd in bk after its been discharged? ..... I thought they could NOT legally add past due payments, penalties, or interest ...

The Ultimate Guide to Surviving Chapter 7 Bankruptcy | DebtKid.Com


I declared chapter 7 bankruptcy in 2007 and survived, and you probably can too. ... I have no bad debt, one small federal student loan, and a few good credit lines ... They are obviously going to push you in the filing direction, but nearly all BK .... You can expect to be discharged within 60-90 days after the 341 meeting date.

Converting Your Chapter 7 Bankruptcy to a Chapter 13 Case ...


Learn when you might want to convert your Chapter 7 bankruptcy case to Chapter 13, ... should not convert, some people will need to convert their case to Chapter 13 after they file. ... Or it could be that you later realize that you made a mistake and will lose valuable ... You can discharge a particular debt only in Chapter 13.