As with anything else in bankruptcy, how to handle homeowner association (HOA) dues depends on what you want to do with your home mortgage obligation and where you are in the process.
If you forget to list a creditor in your bankruptcy case there are several ways to address the problem and still maintain your discharge as to that creditor.
Bankruptcy fraud can take many forms beyond lying on your bankruptcy paperwork or not telling the truth at the 341 Meeting of Creditors.
How often you can file bankruptcy will usually depend on whether you received a discharge in your previous case and the date your filed your previous case.
The cram down of a vehicle loan and the reduction of the loan interest in a Chapter 13 Bankruptcy is a fairly straight forward process and can generate significant savings in your Chapter 13 case.
The lien strip characteristic of the Chapter 13 Bankruptcy is a powerful tool to reorganize your debts and remove subordinate liens on your home after bankruptcy is done, if you complete your plan and other conditions are right.
In a Chapter 13, the treatment of a rent-to-own agreement will be governed by state law and the economic reality of fighting over that determination.
As a general rule, you are not required to file an adversary proceeding to discharge tax debt, but such a proceeding does provide some level of certainty that the tax debt is dischargeable.
Personally assessed taxes like the trust fund recovery penalty can not be discharged in bankruptcy.
A tax lien, like any other kind of pre-petition lien, will survive bankruptcy regardless of whether the actual claim is discharged in the bankruptcy proceeding.
While the discharge of income tax debt is fairly simple in bankruptcy, there are several factors that you must satisfy to accomplish that discharge.
Under the good faith payment prong of the student loan discharge test you must show good faith efforts to repay your loans, maximize your income, and minimize your expenses.
The exceptional circumstances prong of the student loan discharge test is interested in what factors will exist for the foreseeable future that make it impossible for you to repay your student loan debt.
Can I discharge Student Loan Debt? Part 2 of 4 What is a Minimal Standard of Living for Student Loan Discharge Purposes?
Under prong one of the student loan discharge test, you do not need to live in abject poverty to show that you cannot maintain a minimum standard of living if you are required to repay your student loan debt.
While it is possible to discharge student loan debt in a bankruptcy, it is very difficult and very expensive.
While most people know that their home and car loans are secured and perfected, few people realize that the money they charged on a store credit card to buy that new TV or furniture is also secured and perfected.
A Chapter 13 can save your home by paying off the mortgage arrearage over time and making your monthly mortgage payment under the protection of the automatic stay.
While there are some general rules about how bankruptcy will impact your credit score, the actual impact will depend on your circumstances and your conduct after bankruptcy.
How much a bankruptcy will cost varies depending on the services you are looking for and the result you hope to achieve. There are costs that vary from case to case and costs that are the same. The cost that will vary the most is the fee the attorney charges for his or her services. The cost is generally based on the amount of work needed to accomplish your goals.
At this point you have made the decision to file for bankruptcy protection. You have also made the decision to hire an experienced bankruptcy attorney to assist you with the filing. Now the question is how to pick an attorney. You will notice that the title of this post uses the term interview...
This post discusses whether you need to hire an experienced bankruptcy attorney of if you should "go it alone." Before making the choice to file on your own you should think long and hard about the benefits you are giving up by not having an experienced bankruptcy attorney by your side.
This site is designed to assist Southern Maryland consumers with the very hard decision of moving forward with a Chapter 7 or Chapter 13 bankruptcy. As with anything else in life, the first question that should come to your mind as you read this post, or any other for that matter, is why should ...