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Chapter 7 discharged bankrupcya cousin is now trying to take you to court for money that you borrowed a year before you filed for bankruptcy are you protected under the bankruptcy?
If you included it in your bankruptcy, you're protected by the discharge. If you didn't and you're already discharged from Chapter 7, you may not be protected. I suggest you discuss this with your bankruptcy lawyer.
Can new debt be collected after bankruptcy?
Yes, the debts protected under a bankruptcy proceeding are enumerated when bankruptcy is filed. Any debts accrued by the bankrupt party in the future are not protected by a previously filed bankruptcy.
Can a stock account under joint tenants with survivorship be protected by bankruptcy?
Protected? More likely used as an asset to pay the debts of the bankrupt
Can a veteran's disability be garnished for chapter 13 bankruptcy in Georgia?
Chapter 13 (and all) bankruptcy is Federal Filing. And, no, usually Vets benefits are protected under bankruptcy. See an attorney familiar with these matters.
In bankruptcy can they get into your bank account?
This is why your claim bankruptcy. The automatic stay will stop judgment holders from issuing a levy on goods and chattels. Simply put, no. They can not levy an account from a debtor that is protected under the bankruptcy code.
You are a cosigner and the debtor has filed chapter 13 what happens to your obligation?
You are protected during the term of his bankruptcy. If he does not resolve the debt under it, you will remain responsible.
If you file bankruptcy?
What happens if you file bankruptcy differs depending on what chapter of bankruptcy you or your business decides to file under. The most common form of bankruptcy for the individual is Chapter 7. Under Chapter 7 bankruptcy, the banks may liquidate property and assets-except things that are explicitly protected. After this, most debts are forgiven-but not all, as certain debts do not qualify. Your credit score will then be severely damaged by the filing, but you will be free to slowly bring it back up as you will not be suffocated by debt. The article below goes into further detail on the process of bankruptcy.
Can a vehicle be repossessed once bankruptcy is dismissed in Birmingham Alabama?
Definately, and they often are. When you filed bankruptcy, you and your property were protected under the automatic stay. When you failed to satisfy the trustee during the bankruptcy and it was dismissed, the stay was lifted. At this time, neither you nor your property are protected. Repossession activities may and often will continue. Repossession is a waiting game. They have seven years from the date of your last payment to recover collateral or take other action to satisfy the debt.
Can mobile home lender sue if you are under bankruptcy?
I don't believe anybody can sue if you are under bankruptcy.
If you are not paying your creditors will you lose the money in your bank accounts in the bankruptcy?
Yes, once the bankruptcy is filed checking and savings accounts become part of the debtor's assets and the accounts will be "frozen" until the trustee determines the amount of funds that are not exempt under BK law and can be seized to pay creditors.
How do you file a petition under Section 522 of the Bankruptcy Code?
How do you file a petion under Section 522 (f) 0f the Bankruptcy Code?
Can you lose your 401 savings in bankruptcy?
No, even under the new bankruptcy laws which will go into effect on Oc. 17th, 401K's are still exempt from BK.f However, filing a Chapter 7, will be nearly impossible for the average consumer after the October deadline, and any BK can face automatic dismissal for any number of reasons.
