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  2. How bankruptcy affects your mortgage - AOL

    www.aol.com/finance/bankruptcy-affects-mortgage...

    Chapter 13 Also called reorganization, these bankruptcy proceedings set up a repayment plan for your debts. This plan needs to get approved by the court and gives you 3–5 years to repay.

  3. What happens to my car when I file for bankruptcy? - AOL

    www.aol.com/finance/happens-car-file-bankruptcy...

    The federal bankruptcy exemption limit is $4,450 until 2025, but it can vary by state. Chapter 13 bankruptcy does not put your vehicle at risk, and you will continue to make payments under a ...

  4. Exempt property - Wikipedia

    en.wikipedia.org/wiki/Exempt_property

    Exempt property calculations and provisions are determined on a state-by-state basis. This is important within the bankruptcy process, and may affect an individual's decision to file Chapter 7 or Chapter 13 bankruptcy. State exemptions vary from strict to generous.

  5. Common types of bankruptcy and how to avoid filing - AOL

    www.aol.com/finance/common-types-bankruptcy...

    This type of bankruptcy is usually pursued by people who do not earn enough money to repay their debts. Chapter 13 bankruptcy. With a Chapter 13 bankruptcy, some unsecured debts may be forgiven ...

  6. Chapter 13, Title 11, United States Code - Wikipedia

    en.wikipedia.org/wiki/Chapter_13,_Title_11...

    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 ...

  7. Florida bankruptcy law - Wikipedia

    en.wikipedia.org/wiki/Florida_Bankruptcy_Law

    There are lawyers who specialize in bankruptcy law and there are those that practice bankruptcy law as a part of their general practice. Filing for chapter 13 bankruptcy has become so complex over the years, especially due to the 2005 Bankruptcy Code, that very few person are able to successfully file and complete a chapter 13 case.

  8. Bankruptcy Abuse Prevention and Consumer Protection Act

    en.wikipedia.org/wiki/Bankruptcy_Abuse...

    The new legislation also requires that all individual debtors in either chapter 7 or chapter 13 complete an "instructional course concerning personal financial management." If a chapter 7 debtor does not complete the course, it constitutes grounds for denial of discharge pursuant to new 11 U.S.C. § 727(a)(11) .

  9. Chapter 13 bankruptcy: What you need to know - AOL

    www.aol.com/finance/chapter-13-bankruptcy-know...

    Chapter 13 bankruptcy offers a way to reorganize and pay off debts over three to five years without losing essential assets like a home or car. It provides a structured repayment plan and an ...

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