WebAnd while it’s true that receiving a competitive post-bankruptcy car loan can take some extra leg work, it is still possible. ... of your nonexempt possessions when you file for … WebAnd while it’s true that receiving a competitive post-bankruptcy car loan can take some extra leg work, it is still possible. ... of your nonexempt possessions when you file for Chapter 7 ...
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WebIf you decide to move forward with bankruptcy proceedings, you'll have to decide which type you'll file: Chapter 7 or Chapter 13. Both types of bankruptcy can help you eliminate unsecured debt (such as credit cards), halt a foreclosure or repossession, and stop wage garnishments, utility shut-offs and debt collection actions. WebJan 10, 2010 · Under the 2005 revisions to the U.S. Bankruptcy Code, generally known as BAPCPA, one must wait for eight (8) years after the date of filing of the first chapter 7 bankruptcy until the date of filing of a successive chapter 7 bankruptcy, if one desires to have the case go to discharge. You CAN file before the 8 years elapses from the original ... payroll taxes on bonuses and lump sum
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WebJun 24, 2024 · How Many Kept Their House in Chapter 7 Most readers didn't lose their home in Chapter 7 bankruptcy. If you file for Chapter 7 bankruptcy—the kind that gets rid of debt most quickly—you can keep your house under two conditions: ... Still, less than two in ten (17%) of our readers told us they reaffirmed their auto loan debt. ... WebJan 29, 2024 · The CBP study found that people who file for Chapter 7 bankruptcy usually owe money on older cars that don’t have a lot of value. When filing for bankruptcy, you list property that is legally exempt on Schedule C. Schedule C is the list of legally exempt property that you can keep under Chapter 7 bankruptcy. WebApr 12, 2024 · Greetings. I’m an attorney practicing family law and bankruptcy for 23 years and a law professor. I will be more than happy to assist you. I’m sorry to hear you are having these issues, but just give me a moment to read your question. payroll taxes on bonuses