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If you file chapter 7 bankruptcy what happens with your state pension plan?

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In the state of Florida if a person has signed a promissory note for a loan from their 401k pension plan when you file chapter 7 bankruptcy is that loan payment considered to be a secured debt?

  First, it's under Federal law. Yes, I would call it secured. Now, you need to get some advice...you are in a terrible situation....your 401k would have been exempt f

How do you file for chapter 7 bankruptcy?

You can: 1) Hire a lawyer 2) File without any assistance by finding the right forms and regulations for your state and district you live in...or 3) Hire a bankruptcy petition

What happens to your pension if your Company files Chapter 11 bankruptcy?

Many possibilities...C-11 themseleves have many outcomes. Basically your funds are safe. The funds generally are with a separate administrator (bank/financial institution), an

Can you file chapter 7 bankruptcy after filing chapter 13?

The U.S. Bankruptcy Code allows debtors to file for bankruptcy multiple times, but has changed the number of years you must wait between filings. Previously, a debtor could fi

In Chapter 11 bankruptcy when does plan have to be filed?

Depends entirely on the situation...some C-11 are entered with a plan already basically agreed to and it is filed very quickly. Most take time to develop and get creditors to

What happens when you are receiving a pension and the company files chapter 11 bankruptcy?

  Can't be answered here. WAY too many variables to consider and ALL companies have their pension systems structure differently. You should be in contact with the company'

Who can file for bankruptcy chapter 7?

Any person of legal age or legal entity (corporation, partnership, LLC, etc.) can file for c. 7. Whether there is any need or point in filing depends on other facts.

What can not be filed on by chapter 7 bankruptcy?

Items obtained through fraud, child support, court ordered restituion and federal/state taxes (off the top of my head). ALL debts must be listed because you are swearing that

What is filing chapter 7 bankruptcy?

Chapter 7 is called Liquidation Under the Bankruptcy Code and is the chapter of the Bankruptcy Code providing for "liquidation,", the sale of a debtor's nonexempt property and

Why file for chapter 7 bankruptcy?

There are both advantages and disadvantages to filing forbankruptcy. Chapter 7 is often known as debt liquidation bankruptcyand is a good options for many individuals are coup

What happens when your house catches fire and you were planning on filing for chapter 13 Bankruptcy?

Assuming the fire was not set, you should have had insurance. If you had insurance that pays off the mortgage after a fire completely destroys the house, you are OK. If the in

What can you file in a chapter 7 bankruptcy?

You have to file all the required documents. In those documents, you have to disclose all your assets and their values and all your debts, as well as your income and expenses.