We are considering bankruptcy,.. what is our first step?

I agree with David, but before you sit down with an attorney, please gather certain information and make it easier for both of you. You will need...

Can I buy a newer car in a Chapter 13?

The typical plan in Virginia requires court approval to incur more than $5,000 in debt. You can always buy a vehicle and finance less than that. It...

We are 12months behind on our Mortgage and are into a chapter 13 bankruptcy, and have a payment plan with the court.

More information is needed to answer this question. If you fell behind after filing, you may be able to file an amended plan and include the...

Re: Bankruptcy Chapter 7, If I filed my 2005 Tax return and paid, then they reassessed in 11/30/09

The basic rule is that income taxes cannot be discharged if the return was filed was due within 3 years of filing bankruptcy, was filed within 2...

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I filed for chapter 13 in Nov of 2003. If i need to, can i file for chapter 7 now or how long do i need to wait?

The time between filings is 6 years if the original filing was a Chapter 13 that was discharged and the new filing is a Chapter 7.

Any payments made under the Social Security Act are excluded by law. IRA and 401K distributions are not included because they are not income,...

If your mortgage is current and your secured debt (i.e. home loan, car payment) are behind in payments, can you file Chapter 13

You must include everything. However, your Chapter 13 plan can provide for making the payments directly. The plan can catch up any secured debt...

Told Lawyer we want to keep the car but bank repo it yesterday.

If your loan had a clause that made bankruptcy a violation, then the Bankruptcy Code required either signing a reaffirmation agreement (in effect...

Do I own mobile home?

You confuse what happens to the title with what happens to the lien. You still own the property. The lien still exists. What was discharged is the...

Bankrupcy and home reaffirmation

I have never a good reason to reaffirm a mortgage. A severely reduced principal and interest rate would be nice, but most of my clients would not...