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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 ...

Chapter 7 FAQ's - Lawrence Rubin, Atty


The successful result of a Chapter 7 is a bankruptcy discharge. ... Well actually, if you just heard this, then I suppose you really did not think much about ... In fact, most people will find that, but for the credit counseling and financial management .... After your case is filed, you will be asked to attend a "meeting of credit...

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...

Mortgage Discharged in Bankruptcy is NOT Free and Clear?


Oct 7, 2015 ... If so you may think your home is free and clear and you can buy again- but rules have changed. ... Now, if you had a foreclosure, short sale or deed in lieu of foreclosure after ... rates is not possible due to the fact that the home is upside down. ... vaneverygina Did you also file bankruptcy on the mortgage?

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.

Can Your Creditors Still Sue You After Bankruptcy?


Oct 15, 2008 ... I think my biggest fear after bankruptcy was that my creditors would still be able to ... Even if, like us, you did not include the debt when you filed, it was still ... Target credit card, about two years after my bankruptcy was discharged. ... and you realize it after the bankruptcy closes, you can have your lawyer fi...

Chapter 7 Discharges Debts Provides a "Fresh Start" - BizFilings


May 24, 2012 ... When you hear the word "bankruptcy," it probably means a Chapter 7 ... Most debts that can not paid off from the liquidation of all of your ... acquired after a Chapter 7 filing may be included in your bankruptcy ... For example, credit card debt is unsecured debt; but a car loan generally is not. ... Think Ah...

General Questions and Answers About Debt and Bankruptcy


Can I buy a car, or furniture, or something else on time while my case is still active? 47. ... After the bankruptcy case completes successfully, most or all of your debts have ... Even if those debts are not paid in full, they are discharged when the case ... You could file a Chapter 7, but your case would either be dismissed or you ...

Consumer Info : Ten Things Bankruptcy Court Won't Tell You


And Chapter 7 doesn't stop foreclosure, so banks can still take the homes of debtors ... In such cases, the trustee handling the bankruptcy can decide not to liquidate the ... Bankruptcy stays on your credit report for 10 years, but you can begin repairing ... He lost his bankruptcy discharge, letting creditors come after him again...

Chapter 7 Bankruptcy - Richard West Law Office


If you need a complete guide for chapter 7 bankruptcy, then you have found what ... All of these could be included as typical filers for chapter 7 bankruptcy protection. ... take this route and file for chapter 7 bankruptcy but many do not realize it. ..... After you discharge utilities the utility company can require that you put up a...

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 »
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Chapter 7 Bankruptcy Services in Connecticut - Action Advocacy, PC


If you can determine through the following bankruptcy information that you do qualify, ... But the reality is that you have assets which are taken out of the liquidation process. ... If you think of it for a moment, if anyone could file a Chapter 7 and not ... You don't receive a discharge of your debts until 90 days after you have...

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 ...

Mortgage Was Included in Bankruptcy,When Can I Buy Again?


Oct 7, 2015 ... Was your mortgage included in your bankruptcy and now you're looking to ... able to buy again after bankruptcy, foreclosure, short sale or deed in lieu of foreclosure. .... but i see nothing there.. i think they want to see that the home was really ... My chapter 7 bankruptcy was discharged in 2011 and I did not ...