Ads
related to: filing bankruptcy chapter 13 michigan statefreshdiscover.com has been visited by 100K+ users in the past month
assistantdog.com has been visited by 10K+ users in the past month
Search results
Results from the WOW.Com Content Network
Court filing fees: The standard filing fee for a Chapter 13 bankruptcy is $313. Post-filing debtor education: A debtor education course is also mandatory after filing, and fees generally range ...
The two most common types of bankruptcy are Chapter 7 and Chapter 13. Chapter 7 eliminates all or most of your debt once your personal property has been sold. Chapter 13 modifies your current debt ...
By contrast, you usually keep your property when filing for Chapter 13 bankruptcy. To qualify, you need to earn a regular income and agree to a repayment plan approved by the court.
It is the largest municipal bankruptcy filing in U.S. history by debt, estimated at $18–20 billion, exceeding Jefferson County, Alabama's $4-billion filing in 2011. [1] Detroit is also the largest city by population in U.S. history to file for Chapter 9 bankruptcy, more than twice as large as Stockton, California, which filed in 2012.
The disadvantage of filing for personal bankruptcy is that, under the Fair Credit Reporting Act, a record of this stays on the individual's credit report for up to 7 years (up to 10 years for Chapter 7); [5] still, it is possible to obtain new debt or credit (cards, auto, or consumer loans) after only 12–24 months, and a new FHA mortgage loan just 25 months after discharge, and Fannie Mae ...
Bankruptcy courts appoint a trustee to represent the interests of the creditors and administer the cases. The U.S. Trustee [3] appoints Chapter 7 trustees for a renewable period of 1 year, Chapter 13 trustees are "standing trustees" who administer cases in a specific geographic region.
Ads
related to: filing bankruptcy chapter 13 michigan statefreshdiscover.com has been visited by 100K+ users in the past month
assistantdog.com has been visited by 10K+ users in the past month