Sentences with phrase «payments after the chapter»

If you fail to make your payments after your Chapter 7 is final, your car will be repossessed and you will likely be sued for the deficiency.

The chapter 13 debtor must continue to make the ongoing mortgage payments after the chapter 13 case is filed.

Not exact matches

After studying this chapter, you will be able to: Explain the basic nature of a joint stock company as a form of business organisation and the various kinds of companies based on liability of their members Describe the types of shares issued by a company Explain the accounting treatment of shares issued at par, at premium and at discount including oversubsription Outline the accounting for forfeiture of shares and reissue of forfeited shares under varying situations Workout the amounts to be transferred to capital reserve when forfeited shares are reissued; and prepare share forfeited account State the meaning of debenture and explain the difference between debentures and shares Describe various types of debentures; Record the journal entries for the issue of debentures at par, at a discount and at premium Explain the concept of debentures issued for consideration other than cash and the accounting thereof Explain the concept of issue of debentures as a collateral security and the accounting thereof Show the items relating to issue of debentures in company's balance sheet Describe the methods of writing - off discount / loss on issue of debentures Explain the methods of redemption of debentures and the accounting thereof Explain the concept of sinking fund, its use for redemption of debentures and the accounting thereof Topic List Features of a Company Kinds of Companies Share Capital of a Company Nature and Classes of Shares Issue of Shares Accounting Treatment Forfeiture of Shares Meaning of Debentures Types of Debentures Issue of Debentures Over Subscription Terms of Issue of Debentures Interest on Debentures Writing - off Discount / Loss on Issue of Debentures Redemption of Debentures Redemption by Payment in Lump Sum Sinking Fund Method

The ASBCS began an intent to revoke StarShine's charter on March 20, 2018, after notice under Chapter 11 bankruptcy proceedings of failure to make payments and possible fraud by the United States Trustee in the Department of Justice (StarShine declared bankruptcy in February 2016).

After completing a Chapter 7 bankruptcy, your debts will be wiped so you won't have any debt payments to make.

An income driven repayment plan like the Income Based Repayment, Income Contingent Repayment or Pay As You Earn is a good tool that should be strongly considered after taking a close look at a Chapter 7 bankruptcy filing in order to clear away other unsecured debts to make the regular student loan payment affordable.

The purpose of the means test is to figure out whether you have enough disposable income, after subtracting certain allowed expenses and required debt payments, to make payments on a Chapter 13 plan.

The FHA allows you to qualify in as soon as two years after the discharge of a Chapter 7 bankruptcy or short sale, and after one year of making payments on a Chapter 13 bankruptcy.

If filed after your last reported late payment or collection, that important score - driving item should be your Chapter 13 bankruptcy.

After this you will no longer pay the finance company, rather you will make monthly payments to the trustee of your Chapter 13 Bankruptcy who will then pay the finance company.

If a Chapter 13 is necessary, consider holding off until after the divorce is over if possible as a Chapter 13 payment plan can be up to 60 months long.

Payments must be made in fixed amounts to the trustee (generally monthly or biweekly) within 30 days after filing Chapter 13 (even prior to court approval).

Chapter 13 filers can apply after a year of on - time installment payments [source: HUD].

After the chapter 13 plan is approved the debtor must make payments to the trustee.

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.

CHASE loan mod agreement was for $ 512,000.00, the interest rates below will be applied: Years 1 -5 at 2 % Year 6 at 3 % Year 7 at 4 % and Years 8 - 27 a fixed rate of 4.5 % and a balloon payment of $ 120,000.00 at the end of the 27th yearSoon after we got the CHASE loan modification, we entered into Chapter 13 to get rid - off the second mortgage and existing credit card debts.

The debtor in a Chapter 13 must start making his plan payments within 30 days after the bankruptcy was filed.

If you filed a Chapter 13, your payment plan is confirmed after the meeting of the creditors and you make your payments for the duration of your payment plan, after which, the remaining balances on your dischargeable debt is discharged.

If it is more than the median, you must pass the means test, which determines if you have enough disposable monthly income (DMI), after subtracting certain allowed expenses and required debt payments, to make payments on a Chapter 13 plan.

After the five years of making chapter 13 payments, whatever is still owed on my loans will resume.

Therefore, the clerk of court will issue a discharge in a Chapter 13 as soon as practicable after the trustee notifies the court that the debtor completed all payments under your plan, which may span 3 - 5 years.

Since graduating, I have continued to make payments to my student loan, despite having to file Chapter 7 bankruptcy after going through a divorce.

Although a chapter 13 debtor generally receives a discharge only after completing all payments required by the court - approved (i.e., «confirmed») repayment plan, there are some limited circumstances under which the debtor may request the court to grant a «hardship discharge» even though the debtor has failed to complete plan payments.

Boosting credit after a discharged bankruptcy — A Chapter 7 bankruptcy will stay on your credit years after discharge, but if you make payments on time and use credit wisely, your score will start to increase... (See Discharged)