Sentences with phrase «types of bankruptcy chapter»

Not exact matches

There are several types of bankruptcy for which individuals or married couples can file, the most common being Chapter 7 and Chapter 13.

There are two main types of personal bankruptcy: Chapter 13 and Chapter 7.

Chapter 12 bankruptcy is relatively a new type of bankruptcy that applies to family farmers and family fishermen.

The two common types of bankruptcy relevant to discharging or repaying tax debts is Chapter 7 and Chapter 13 which is discussed below.

For individuals, the two types of bankruptcy are chapter 7 and chapter 13.

This type of bankruptcy also applies to individuals who do not qualify for Chapter 13.

Your missed payments and most types of public record items will remain on your credit report file for 7 years, with the exception of Chapter Seven, Eleven and Twelve bankruptcies, which remain for ten years, and tax liens that remain unpaid, which will remain on your credit file for up to fifteen years.

Bankruptcy options There are a few different type of bankruptcies; Chapter 7, Chapter 13, Chapter 11 and Chapter 12.

There are two common types of bankruptcy for individuals: Chapter 7 and Chapter 13.

There are two types of bankruptcy that most individuals can file for — Chapter 7 and Chapter 13.

The different types of bankruptcies filed are Chapter 7, Chapter 13, Chapter 11, and Chapter 12.

There are a few types of bankruptcy proceedings, but the most common ones for individuals are Chapter 7 and Chapter 13 bankruptcies.

Chapter 7 can eliminate many kinds of debts, such as credit card debt, medical bills, and unsecured loans, however; there are many types of debts, including child support and spousal support obligations and most tax debts, that can not be wiped out in bankruptcy.

Under the old rules, most filers could choose the type of bankruptcy that seemed best for them — and most chose Chapter 7 over Chapter 13.

There are four types of bankruptcies but the two most common are Chapter 7 bankruptcy and Chapter 13 bankruptcy.

There are two major types of personal bankruptcy protection — Chapter 7 and Chapter 13 — and both can crush your credit.

There are two types of bankruptcy for individuals — Chapter 7 and Chapter 13.

There are different types of bankruptcy, such as Chapter 13 vs. Chapter 7.

He or she will be able to assess your financial situation, guide you through the bankruptcy exemptions applicable to where you live and what types of debt you have, and advise you on whether to choose to file for Chapter 7 or Chapter 13 bankruptcy protection.

There are different types of bankruptcies, which are usually referred to by their chapter in the U.S. Bankruptcy Code.

There are two main types of bankruptcies for individuals: Chapter 7 and Chapter 13.

There are two types of bankruptcies most individuals can file - a Chapter 7 or a Chapter 13.

The two most common types of bankruptcy available in the United States are Chapter 7 and Chapter 13.

Certain types of debts are not discharged by filing Chapter 7 or Chapter 13 Bankruptcy.

The specific types of debt and timing of such debt that is dischargeable in a Chapter 7 or Chapter 13 bankruptcy varies from state to state, so you should seek professional help in determined if your debt can be discharged as a part of a bankruptcy.

For most individuals, there are two types of bankruptcy: liquidation (Chapter 7) and reorganization (Chapter 13).

Chapter 7 and Chapter 13 are the two most common types of bankruptcy filing among consumers.

Any individual person (not a corporation or partnership) is eligible for Chapter 13 relief as long as the amount of their debts does not go above $ 307, 675 for unsecured debts (those with no collateral) and $ 922, 975 for secured debt and they are earning wages that cover more than their reasonable living expenses.The person must also have received credit counselling from an approved agency within the 180 days prior to filing and had not been dismissed from another type of bankruptcy filing in this time period.

Here is a short list of the most common types of records that a Bankruptcy Chapter 7 requires:

It's not easy to get out of debt alone, but filing for Chapter 7 bankruptcy allows a person to keep most of their property AND rid themselves of medical debt and other types of unsecured debt, like credit card bills and personal loans.

Chapter 7 is the preferred option for bankruptcy but the judges» only approve a low percentage of applicants for this type of bankruptcy.

A Chapter 7 is a type of bankruptcy that is the simplest and easiest type to complete.

In a Chapter 7 case, the most common type of personal bankruptcy, the court doesn't allow an individual to keep their assets, but most exemptions allowed under state and federal law are large enough to cover a secured debt such as a house mortgage a car loan.

Although Chapter 7 bankruptcy discharges most types of unsecured debts, there are specific debts which can not be discharged with Chapter 7 bankruptcy.

For Chapter 7 bankruptcy (the most common type of bankruptcy among average consumers), the minimum amount of time that must elapse before someone can apply for an FHA home loan is two years from the time of the bankruptcy discharge.

A Chapter 7 bankruptcy is the simplest type of bankruptcy you can file, but bankruptcy laws can get complicated when it comes to determining what assets you can keep for filing that particular type of bankruptcy.

When you complete the debtor education course depends on the type of bankruptcy you qualify for: Chapter 7 or Chapter 13.

Filing a Chapter 7 is the type of bankruptcy most affected by assets you list because all non-exempt assets YOU OWN will be liquidated to pay off unsecured debts.

There are two different types of bankruptcy for consumers: Chapter 7 and Chapter 13.

First, The Means Test measures the total «regular» income received in the six months prior to the Chapter 7 bankruptcy filing and averages that income (less social security types of income).

In the second type of bankruptcy, Chapter 13, you must follow a strict plan in which you repay some or all of your debt within a three - to five - year period.

If the couple does not have many non-exempt assets, filing a Chapter 7 might be the type of bankruptcy they should pursue.

If foreclosure is looming, they may choose to file Chapter 13 bankruptcy to halt the proceedings, which can be stopped in this type of court action regardless of how far the foreclosure has progressed.

The time it takes to go through the bankruptcy process all depends on the type of bankruptcy you file, but typically a Chapter 7 can be finished within 180 days and any type of reorganization plan can take up to five years.

There are two different types of personal bankruptcy, Chapter 13 and Chapter 7, and each has pros and cons.

Not everyone will qualify to file Chapter 7 under the Bankruptcy Code's «means test» and certain types of debt can not be discharged or wiped out (such as most federally guaranteed student loans, many taxes and any outstanding family support obligations).

As an individual, you have the choice to file any one of five different types of bankruptcy, depending on who you are and your circumstances, but the most common types are a Chapter 7, a Chapter 13, and a Chapter 11.

Why should a small business debtor file for bankruptcy protection under a chapter 11 instead of some other type of bankruptcy?

A Chapter 11 is a type of bankruptcy used by businesses that allows a business to reorganize in order to overcome financial problems.

Freedom Debt Relief will help you decide whether you want to file for Chapter 11, Chapter 13 or another type of bankruptcy.