Chapter 13 bankruptcy—also calledwage earner’s plan—helps you reorganize your personal debts and draft a repayment plan to reimburse creditors over the course of three to five years. A bankruptcy trustee will collect your payments and distribute them to your creditors during that time. Here's ...
Learn what to avoid doing before bankruptcy. Discover the differences between Chapters 7 and 13. Get answers to questions about bankruptcies. For more targeted information, try our 10-question bankruptcy quiz. It can help identify bankruptcy issues best handled by a bankruptcy lawyer. When Will a...
but this is uncommon. Not all bankruptcies involve liquidation;Chapter 11, for example, involves rehabilitating the bankrupt company and restructuring its debts. In Chapter 11 bankruptcy, the company will continue to exist after any obsolete inventory is liquidated, after...
Mortgage lenders don’t want you to have any prior bankruptcies or consumer proposals within the last 24 months. They also don’t want to see any 60-day overdue payments on your credit report within the last 24 months. Two key areas that mortgage lenders assess are the monthly living costs...
when it was first filed in court, simply wait for the distributions to be made to them by the Trustee in Bankruptcy who acts as the administrator. What happens after I sign the consumer proposal papers? Shortly after you sign the papers the Administrator will send a report to the Official ...
make the switch from renting to owning a home, a good credit score can be essential for getting your foot in the door. While credit scores aren't the only thing lenders consider for mortgage approval, they do carry a lot of weight. So, what is a good credit score to buy a house?
My friendHermann, still braving Berlin after all these years, notes that "Germans Push To Introduce Espionage Etiquette Manual". Excerpt: Folks in Germany are always very anxious about social etiquette and behaving correctly in public. The "Knigge," for instance, is a famous book about social ...
and yet being told it is exactly what I’m looking for. Insulted and appalling. If agents are being told that disability insurance is a critical illness insurance policy because they get money if they are disabled and it happens to be cancer or something they should be ashamed of themselves...
Take the above factors with a pinch of salt — if you don’t need a loan, getting one just for the potential boost in your score probably isn’t wise. Similarly, if moving house makes the most sense for you personally and financially, don’t stay put just to appease your credit score...
repossessions, or bankruptcies for the six months prior to our review; and (2) your Discover secured card is not in a prohibited status at the time of our review, including, but not limited to: closed, revoked, suspended, subject to tax levy, garnishment, deceased, lost/stolen, or fraud...