Chapter 13 debtors basically say “I can pay my debts, but I cannot pay them all at once, so I need a payment plan.” Bankruptcy’s protected repayment period lasts up to five years. That’s the difference between Chapter 7 and Chapter 13 in a nutshell. There are many other subtleties...
(does not include Chapter 7 non-dischargeable debts). The requirements for a hardship discharge include an inability to complete payments due to circumstances "which the debtor should not justly be held accountable," or an inability to modify the plan to enough of an extent to fix the problem...
Chapter 13 may provide you with bankruptcy protection even if you make too much money to qualify for a Chapter 7 case or if you received a discharge in a prior Chapter 7 case. You get the length of the plan to pay back past due amounts owed on houses, cars, and other loans that ha...
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stopping the running of interest on credit card debt.The court will enforce the plan against uncooperative creditors.The discharge in Chapter 13 covers many debts that cannot be discharged in Chapter 7. It is a powerful tool for debtors to regain control of their financial lives and to get a...
Chapter7DischargeObjective a)Explainthemeaningandeffectofbreachofcontract. b)Explaintherulesrelatingtotheawardofdamages. c)Analysetheequitableremediesfo..
Chapter 7 is a relatively brief process and usually only lasts four to six months before the court issues the discharge.1Chapter 13, on the other hand, will last from three to five years, depending on the length of a monthly payment plan the court accepts for you to pay certain debts. ...
Chapter 7 Everything related to Chapter 7 31,979 248,178 Question Home Value Exemption Trustee wants a written market analysis or broker price opinion. by IllBeDamned 10-03-2024, 09:45 AM Chapter 13 Everything related to Chapter 13 14,733 103,321 Question When is BK 13 removed from...
individuals understand their financial situation and explore possible alternatives to bankruptcy. Additionally, debtors cannot have had a Chapter 7 discharge within the previous eight years or a Chapter 13 discharge within the previous six years.1These time restrictions prevent abuse of the bankruptcy ...
Canning the Chapter 13 Super DischargeBerkeley Electronic Press Selected WorksJack F. Williams