What happens to my mortgage in chapter 7 bankruptcy?
What happens to my mortgage in chapter 7 bankruptcy?
View ArticleWhat does the Bankruptcy Trustee Do?
When an individual files a chapter 7 or chapter 13 bankruptcy case in North Carolina, or anywhere, one of the first things to happen is that a trustee is appointed. This is an important role, and the...
View ArticleWhat happens to tuition bills in bankruptcy?
Student loans receive special treatment, and are generally not discharged (wiped-out) by a bankruptcy case. But student loans are not the only sort of educational debt. In some cases, the debt is an...
View ArticleWhat is an adversary proceeding used for?
When a bankruptcy case is filed, there is a debtor, creditors, a trustee, and other such parties. While the interests of these parties may diverge, there may not be any direct one-on-one adverse...
View ArticleCan Chapter 7 Bankruptcy Stop Foreclosure?
The answer to this question is a clear "sort of". While the filing of a chapter 7 bankruptcy will stop a foreclosure sale, it will seldom prevent the eventual foreclosure.
View ArticleWhat is Bankruptcy Fraud?
The bankruptcy code is federal law and the bankruptcy courts are federal courts. Given the significant power the bankruptcy process has to remove the otherwise existent rights of creditors to collect...
View ArticleWhy would a debtor want to file a proof of claim on behalf of a creditor?
Basically, the debtor wants to file a claim on behalf of a creditor when the debtor wants that creditor to be paid.
View ArticleWhen are Chapter 13 Claims Filed?
Bankruptcy Rule 3002(c) sets the time for filing claims in chapter 13 cases. For most creditors, the deadline is set at 90 days from the first meeting of creditors, which works out to be a deadline...
View ArticleWhat does it mean if I am above median income?
Above median income status influences the rules for chapter 7 eligibility, the chapter 13 plan length, and the rules for determining if income would require a payment in chapter 13 to general unsecured...
View ArticleCan the Mortgage Bank refuse my Chapter 13 Bankruptcy?
No, a bank doesn't have discretion on whether or not a loan is involved in a chapter 13 bankruptcy.
View ArticleWhat's the Purpose of Collecting AKAs, FAKA, DBA, etc?
One item of information gathered during the process of preparing a bankruptcy case are alias and alternative names for the individual debtor. Alternative names (AKA, also known as and FAKA, formerly...
View ArticleWhat is the Process for Converting to Chapter 7 from Chapter 13?
The process for converting an active Chapter 13 to a case under Chapter 7 is a relatively straightforward process, that in some ways parallels the process of filing bankruptcy using a smaller set of...
View ArticleWhat is a Notice of Appearance and Request for Notices?
A Notice of Appearance and Requests for Notices is a pleading filed in a bankruptcy case by an attorney indicating that they are representing the particular party (frequently creditor) in the...
View ArticleWhat is an adversary proceeding used for?
When a bankruptcy case is filed, there is a debtor, creditors, a trustee, and other such parties. While the interests of these parties may diverge, there may not be any direct one-on-one adverse...
View ArticleCan Chapter 7 Bankruptcy Stop Foreclosure?
The answer to this question is a clear "sort of". While the filing of a chapter 7 bankruptcy will stop a foreclosure sale, it will seldom prevent the eventual foreclosure.
View ArticleWhat is Bankruptcy Fraud?
The bankruptcy code is federal law and the bankruptcy courts are federal courts. Given the significant power the bankruptcy process has to remove the otherwise existent rights of creditors to collect...
View ArticleWhy would a debtor want to file a proof of claim on behalf of a creditor?
Basically, the debtor wants to file a claim on behalf of a creditor when the debtor wants that creditor to be paid.
View ArticleWhen are Chapter 13 Claims Filed?
Bankruptcy Rule 3002(c) sets the time for filing claims in chapter 13 cases. For most creditors, the deadline is set at 90 days from the first meeting of creditors, which works out to be a deadline...
View ArticleWhat does it mean if I am above median income?
Above median income status influences the rules for chapter 7 eligibility, the chapter 13 plan length, and the rules for determining if income would require a payment in chapter 13 to general unsecured...
View ArticleCan the Mortgage Bank refuse my Chapter 13 Bankruptcy?
No, a bank doesn't have discretion on whether or not a loan is involved in a chapter 13 bankruptcy.
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