I was just wondering what is the difference between Chapter 7, 10 & 13 bankruptcies. How did the new law that Bush passed now affect bankruptcies (or does it at all)? I’ve heard everything that you can’t file for Chapter 13 bankruptcy anymore to you have to take financial planning classes thereafter. Also, is it advisable at all? I know normally people say make it your last resort, but I am beyond in debt and do not have any other resolutions. Any horror stories after filing? Any positive stories? Please enlighten me.
thanks!
Look, I just have about 800 dollars in debt. I don’t know what to do, I have no job, and I don’t know which chapter bankruptcy would be the best method to go with?
We filed bankruptcy back in October of 2006 and it was finally closed or I guess I should say discharged, in May of 2007. We really want to buy another house but I was told we have to wait 7 months to a year to try to get another mortgage. What is the normal wait time and will the interest rates be better the longer we wait?
How can I apply for car while in bankruptcy?
I filed for bankruptcy (chapter 13) to keep my home. I have a car that was not included in the bankruptcy that I would like to sell and buy a new one. Do I need to have authorization from the court or the trustee for this transaction?
I am not abusing the system. The reason I want to get buy I new car is because the one I have is a truck and I am spending too much in gas…I want to get an economic car.
When I filed for bankruptcy back in march, I closed my account at my bank and started a new account at a different bank. Now the bankruptcy court wants my statements from my old bank and I do not have them. I go for my hearing in the A.M. Do I bring my account statements from my new bank (after I filed) or can I bring old bills proving that I tried to pay my creditors? What do I do and why do they want my statements?
I have heard this is a good way to remove a BK. See below. Has anyone tried this?
Unlike other negative information which stays on your credit report for 7 years, bankruptcy can be reported for up to 10 years.
Bankruptcy courts keep cases active for a period of two years before placing them on microfiche.
If your Chapter 7 bankruptcy has aged at least 27 months since the date of discharge, your in a great position to make it disappear forever, simply file disputes with the credit bureaus indicating that your bankruptcy was a Chapter 13 and not a Chapter 7.
You need not provide any documentation to support your dispute, the burden of proof is on the government.
Bankruptcy courts do not respond to requests for verification on cases which has been archived to microfiche, as a result the credit bureaus are required to remove the bankruptcy from your credit report.
Are there any lawyers out there who practice bankruptcy who could tell me how difficult it would be to start a solo bankruptcy practice and how I might go about doing this. First, is this the kind of think that I could figure out with form books and software or should I work in a firm first? Also, could I mainly do Chapter 7’s or do I really need to do all kinds to stay afloat? Any helpful info by experienced bankruptcy lawyers would be greatly appreciated! I’m licensed in Mississippi if that helps.
I have A LOT of credit card debt from opening a business and having to sell it in one year because of family responsibilities. Saw a bankruptcy attorney, but the options don’t seem to work for me as there’s no way I could ever pay off these debts.
I know it’s very immoral, but what will actually happen if I just stop paying on them? I know I’ll be inendated with phone calls and lose my good credit standing, but can they attach my bank account or any other asset?
I have claimed bankruptcy, but did my taxes as common-law last year. So my trustee said that I would again have to do my taxes as common-law this year for my bankruptcy. So not that the taxes are done, and my girlfriend is going to be claiming bankruptcy, what happens in regards to her taxes since there already done. Also does my girlfriend get her tax refund, or because it’s common-law does the trustee take her taxes as well?