Sentences with phrase «keep after filing bankruptcy»

Chapter 13 bankruptcy is typically used by those who have a home mortgage, automobile loan, or other type of «secured» debt that they wish to keep after filing bankruptcy.

Not exact matches

The bankruptcy: The «Prince of Soul» filed for bankruptcy in 1976 after failing to keep up with alimony payments.

For more information see: Can You Keep a Credit Card After Filing for Bankruptcy?

I'll list a few things to keep an eye on when filing for bankruptcy and explain how to begin to rebuild your credit after the bankruptcy has been filed.

Bankruptcy can eliminate unsecured debt such as credit cards, but requires that secured debts be paid after filing if the debtor wishes to keep the colatteral (car, home, boat etc.) In some -LSB-...]

So, that's part of the complication and those monthly reports are probably the most difficult thing for people to do actually after deciding to file bankruptcy because every month you've got to keep track of where your money goes.

Even when equity and cash have been completely depleted, management can still make out like bandits; in a chapter 11 filing management most often oversees the liquidation, keep their jobs even after the company emerges from bankruptcy, and sometimes even get to reset all their non-salary remuneration thresholds (options, grants, bonuses, etc.) giving them greater upside.

They keep after you until you either pay or file bankruptcy, which stops all collection activity for creditors included in your bankruptcy filing.

Before the client files for bankruptcy, the question always comes up: Can I keep my tax refunds after I file?

If you lost income after filing or decide you don't want to keep a house, the conversion allows you to get out of making plan payments and get out of your bankruptcy faster.

For this reason, if you want to keep property that is collateral for a secured debt, you will need to catch up on the payments and continue to make them during and after bankruptcy, keep any required insurance, and you may want to reaffirm the debt if you file a chapter 7.

However, we must stress that in almost all cases, the debtor keeps their tax refunds after bankruptcy is filed.

In addition, only a lawyer can properly advise you about your eligibility to file for bankruptcy, whether you'll be able to keep your belongings, and the impact a filing will have on your life after the case is over.

However, if you're in a difficult financial situation that just keeps getting worse, filing bankruptcy may be your opportunity to seek broad protection against creditors, regain control of your financial life and rebuild your credit after bankruptcy.

A local bankruptcy attorney can help you explore the exemptions in your state that may allow you to keep your home, car and other essential possessions even after filing bankruptcy.

Keep in mind, you can regain credit after filing bankruptcy.

I have a steady flow of clients who have to file bankruptcy to keep their military clearances or gaming licenses because they are less of a risk after filing bankruptcy than before.

From what I can tell, if you have a good income and keep your credit clean, your credit score increases rapidly after filing bankruptcy.