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Can I have my monthly installments lowered after filing chapter 13 bankruptcy?
Wiki User
∙ 16y ago
It depends how the plan was setup. If its a 5 year plan, then no.
Consult an attorney.
Speak with an attorney about your specific situation. If you can not find an attorney, contact your local Bar association and they will refer you to one.
Wiki User
∙ 16y ago
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Do you need assets to file bankruptcy?
No, you don't need assets to file for bankruptcy, except for money for the attorney's fees. For a chapter 7 case, the average fee will be $1,500.00. For a chapter 13 case, the average fee is usually about $3,000.00, but it's paid out in monthly installments over a 3-5 year period.
When filing chapter 13 repayment plan do you still have to make your current monthly payments or through filing bankruptcy can they be lowered?
You have to make whatever payments are required as determined by the BK analysis, which should be lower than trying to make all your normal payments.
How many installments was The Pickwick Papers published in?
"The Pickwick Papers" was published in 20 monthly installments.
How is the monthly dues of a home owners association handled in a chapter 7 bankruptcy?
Your bankruptcy attorney is best prepared to answer your question, especially if you expect to continue living in the home.
What is a Chapter 13 trustee used for?
Chapter 13 trustee is an entity, generally an individual, with the responsibility of managing a chapter 13 bankruptcy estate. The Chapter 13 receives the debtor's monthly payments and then distributes those funds proportionally to the debtor's creditors.
What is the word for money paid monthly on a property bought?
A property that is bought by means of monthly payments is said to be paid by installments.
Is playStation portable available on monthly installments in Pakistan?
guyz can anyone tell me please
What is a loan that is paid in equal monthly installments with a fixed interest rate?
installment credit
How do you pay off a loan that was not reaffirmed during a chapter 7 bankruptcy?
If it was a secured loan, you either reaffirm or surrender the collateral. If it was an unsecured loan you can pay it off. Do not repay in regular monthly installments or you may reinstate the debt. If it is close to the date your c 7 was closed, I do not advise you to pay it off right away. If it involves paying a relative or friend, wait even longer.
What is a loan that is paid in equal monthly installments with a fixed interest rate called?
installment credit
What does the name emi mean?
Equated Monthly Installments: Hire, purchase, lease, or loan-repayment installments that are constant in amount, and are usually collected in advance as post-dated checks.
Can you keep your house after bankruptcy?
Many debtors have this common doubt can I keep my home after filing bankruptcy. The question for this answer is based on the factor determined by the current situation. There are two Chapters in bankruptcy legal process decides whether debtor can enjoy the full rights of having their private property. They are Chapter 7 bankruptcy and chapter 13 Bankruptcy. Chapter 7 bankruptcies rights are crafted in a form of legal structure that you need to walk away from home till you settle your debts. Chapter 13 bankruptcy illustrates individual can stay in their property but need to pay a small amount of mortgage on monthly basis to money lenders. If you have any queries regarding after filing for Bankruptcy process can you keep your house in safe manner or not visit websites like findlaw.com, bankruptcy.expert , lawyers.com to get a clear conclusion.
