Search results
Results from the WOW.Com Content Network
Chapter 13 bankruptcy does not put your vehicle at risk, and you will continue to make payments under a modified loan agreement. If you are behind on your auto loan, you may be able to reaffirm or ...
Whether you should get a car loan after bankruptcy depends on your unique situation. For example, you might need to buy a car after bankruptcy to get to and from work. But just because it's ...
In extreme cases, bankruptcy might help eliminate or restructure multiple debts, including your auto loan. Before making a decision, consider reaching out to a financial advisor or credit ...
A Chapter 13 debtor who owns a car, but does not make loan or lease payments on it, may not take the car-ownership income allowance set forth in the Internal Revenue Service's National Standards, when calculating the means test set forth at 11 U.S.C. § 707(b). Ninth Circuit affirmed. Court membership; Chief Justice John Roberts Associate Justices
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 ...
Current law covers three legal proceedings. The first one is bankruptcy itself ("Falência"). Bankruptcy is a court-ordered liquidation procedure for an insolvent business. The final goal of bankruptcy is to liquidate company assets and pay its creditors. The second one is Court-ordered Restructuring (Recuperação Judicial). The goal is to ...
Debt relief: Bankruptcy can discharge most unsecured debts, such as credit card debt, medical bills and personal loans. This can provide you with a fresh financial start. This can provide you with ...
Under the reorganization process, termed a 363 sale (for Section 363 which is located in Title 11, Chapter 3, Subchapter IV of the United States Code, a part of the Bankruptcy Code), the purchaser of the assets of a company in bankruptcy proceedings is able to obtain approval for the purchase from the court prior to the submission of a re ...