Chapter 13 Bankruptcy and Credit (partial discharge)?

May 18, 2007 by shana556 | Posted in Credit

Me and my husband have been in chapter 13 bankruptcy for 3 1/2 years now. We ran a little behind on our last months payment and talked to our lawyer and was told we could do a partial chapter 13 discharge. We can get out of bankruptcy with 75% of our

I've never dealt with partial discharges....they are quite difficult to get, so be grateful if you can convince the court to allow it.

But I don't really think it's going to effect you at all. Reporting of bankruptcy is 10 years from the

Studly | May 18, 2007

I've never dealt with partial discharges....they are quite difficult to get, so be grateful if you can convince the court to allow it.

But I don't really think it's going to effect you at all. Reporting of bankruptcy is 10 years from the
Studly | May 18, 2007

Chapter 13 Bankruptcy early discharge, in Arkansas, do they come get your car or do they allow you to pay the?

Apr 18, 2009 by dare2bcute | Posted in Law & Ethics

lienholder?
I got a letter stating that they were discharging it early due to a court order but I never received a letter for a court date. I do not know what or if anything was agreed by my attorney?

If you have agreed to pay the lien-holder, that is just what you do.

Max Hoopla | Apr 18, 2009

Chapter 13 Bankruptcy: What to Expect

What happens after you file a Chapter 13 Bankruptcy? Attorney Ralph Thompson reviews the steps so you know what to expect.

Financial Relief Law Center Launches Lien Elimination And Mortgage Rate ...

23.02.12

/PRNewswire-iReach/ --  Financial Relief Law Center (FRLC), a firm focused on bankruptcy, foreclosure relief and client-centered legal counseling, is implementing a new "LIEN ELIMINATION AND MORTGAGE RATE REDUCTION" service that combines several processes that are designed to meet the needs of our clientele who are facing foreclosure, uncontrollable debt, and outstanding mortgage payments. 

(Photo: http://photos.prnewswire.com/prnh/20120222/CG56042 )

Many homeowners are seeking help because they are unable to afford their mortgage and have incurred delinquencies. Often these homeowners are also unable to continue paying on a second mortgage or Home Equity Line of Credit (HELOC) and may also be facing foreclosure. FRLC's Loan Workout and Lien Elimination service is a combination of the protection of a Chapter 13 Bankruptcy and the savings of a Loan Workout . When a homeowner files for Chapter 13 bankruptcy, the property is protected by an automatic stay that prevents the lender from foreclosing on the property and allows the homeowner to keep the property safe while the mortgage past due amounts are repaid over time.  Additionally, if there is no equity in the property to cover the second mortgage, that homeowner may be eligible to remove or "strip" an unsecured second mortgage. That means that at the end of the bankruptcy, a second mortgage would be fully eliminated. The combined effect of the Loan Workout and Lien Elimination is that homeowners can save thousands of dollars each month, freeing up cash flow and creating future home equity. 

Source: Bradenton Herald

chapter 13 bankruptcy discharge - Bookshelf


Chapter 13 Bankruptcy, Keep Your Property & Repay Debts Over Time
486 pages 		Chapter 13 Bankruptcy, Keep Your Property & Repay Debts Over Time

Creator: Stephen Elias, Robin Leonard | Business & Economics - 2010-06-03
(See “Which Debts Are Discharged in Chapter 13 Bankruptcy,” below, for more information.) For instance, if you have $40000 in credit card debt, and you pay off $10000 through your repayment plan, the remaining $30000 will be discharged ...
Publisher: Nolo
How to File for Chapter 7 Bankruptcy
442 pages 		How to File for Chapter 7 Bankruptcy

Creator: Stephen Elias, Albin Renauer, Robin Leonard | Law - 2011-10-23
still have unpaid unsecured debt when your plan ends, it will be discharged. Like Chapter 7 bankruptcy, Chapter 13 bankruptcy doesn't wipe out all types of debts. Alimony and child support arrearages, criminal penalties, ...
Publisher: Nolo
The New Bankruptcy, Will It Work for You?
402 pages 		The New Bankruptcy, Will It Work for You?

Creator: Stephen Elias | Business & Economics - 2011-05-30
Prior Bankruptcy Discharges You can't get a Chapter 13 discharge if you received a discharge in a previous Chapter 13 case in the last two years, or a discharge in a Chapter 7 case filed within the last four years.
Publisher: Nolo

Taxes in Chapter 13 Bankruptcy

by Teresa Cho Edwards

The priority amount includes interest to the date of filing on the tax; but penalties with a priority tax  are unsecured debt.

There is an exception for tax years more than three years old for which a return has not been on file for two years:  those taxes are neither discharged nor paid as priority, unless they were assessed within 240 days of the filing.

Tax liens Liens in Chapter 13: If the lien exceeds the value of the assets available to secure the tax, the portion of the tax exceeding the value of the assets is treated as either a priority claim, if recent, or an unsecured claim, if older.

...

Read more...

chapter 13 bankruptcy discharge - News


Bankruptcy secrets 'they' don't want you to know
ABC15.com (KNXV-TV) - Apr 26, 2011
Bankruptcy secrets 'they' don't want you to know This is the preferred type of bankruptcy for most people. It let's you start over, move on, and get a fresh start after discharging your debts. A Chapter 13 bankruptcy is known as an individual reorganization, or individual debt adjustment.

'Seven deadlies' to blemish your credit
Richmond Times Dispatch - Apr 28, 2011
Let's start with bankruptcy. There are two types of consumer filings — Chapter 7 and Chapter 13 — and both can stay on your record for up to 10 years. You need to check your credit reports a few months after a discharge, Ulzheimer says,

Can Bankruptcy Save Me From Foreclosure?
Stock Markets Review - Apr 27, 2011
Improperly filed papers could cause complications down the road and jeopardize your chances of obtaining a discharge of your debts. If you do not qualify for a chapter 7, you may qualify for a chapter 13 filing. Though usually considered the second

Consider Bankruptcy to Discharge Credit Card Debt
U.S. Politics Today - Apr 21, 2011
It is harder to qualify for Chapter 7 bankruptcy protection since the law was revised in late 2005. However, despite the changes in the law, a vast majority of people do qualify. Chapter 13 bankruptcy is different. Instead of focusing on liquidating

STANDIFERD v. U.S. TRUSTEE
Leagle.com - Apr 13, 2011
On appeal, we must determine whether, in a bankruptcy case that has been converted from Chapter 13 to Chapter 7, a debtor may be denied discharge under § 727(a)(6)(A) based on his pre-conversion refusal to obey the Chapter 13 confirmation order.

Call for a free credit repair consultation today (877) 278-5682

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