Category: Chapter 13 Bankruptcy
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Midland Funding v. Johnson – Supreme Court Decision
It is not often that the United States Supreme Court decides a bankrutpcy related case. Yesterday, the Supreme Court issued a ruling in an important cases that bankruptcy practitioners have been watching for some time. In fact, the case of Midland Funding v. Johnson decides an important question for Chapter 13 lawyers nationwide. Not All Claims…
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Bankruptcy Claim Objection Chapter 13
Not all claims filed in Chapter 13 bankruptcy cases are valid. In most situations, invalid claims will be paid by the Trustee unless a party in interest objects. This blog post will focus on time-barred Chapter 13 claims and claim objection. What are Chapter 13 Claims? A Chapter 13 claim is a document filed by a…
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Chapter 13 Plan Length
A very important part of building a Chapter 13 Plan is figuring out the plan length. The length of a Chapter 13 plan determines much of the math in a case. It also is a big part of determining whether Chapter 13 will work for a debtor. Chapter 13 is a Reorganization The entire purpose…
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Best Type of Bankruptcy for Foreclosure
Bankruptcy comes in several flavors. Each bankruptcy “chapter” has its own advantages and disadvantages. What type of bankruptcy is best for foreclosure? Read on and I will tell you. Bankruptcy Stops Foreclosure A bank starts foreclosure proceedings when a borrower defaults on the terms of their home loan. Each lender is different, but getting past…
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Dismissed Bankruptcy Still on Credit Report
This is third in a series of articles I have wrote about dismissed bankruptcy cases. The first article discusses how to dismiss a bankruptcy. The second article discuss what happens after bankruptcy dismissal. This article will tell you all about what happens to your credit report after a dismissed bankruptcy. This article may suprise you! Bankruptcy…
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What Happens After Bankruptcy is Dismissed?
Not all bankruptcy cases end in a bankruptcy discharge. For various reasons, some bankruptcy cases are dismissed prior to discharge. What happens after a bankruptcy is dismissed? Read on to learn more. Some Bankruptcy Cases Are Dismissed Bankruptcy can be very complicated. Not all debtors make it all the way through their bankruptcy to discharge. The…
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How to Dismiss Chapter 13 Bankruptcy
Chapter 13 bankruptcy lasts between three and five years in Sacramento. For many reasons, not everyone wants to stay in Chapter 13. This article will tell you how to dismiss Chapter 13 bankruptcy in Sacramento. Why Dismiss Chapter 13? The number one reason why debtors dismiss their Chapter 13 bankruptcy is because of a change…
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What is Notice of Filed Claims Bankruptcy?
Chapter 13 bankruptcy cases contain many important deadlines. Chapter 13 cases can last anywhere from three to five years. The Chapter 13 Trustee issues a “notice of filed claims” after several of these Chapter 13 deadlines. Read on for more information about this critical document. Creditors Have Limited Time to File Claims in Chapter 13 Debtors…
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Forgot to List Creditor in Bankruptcy
To be successful in bankruptcy, full and complete disclosure of your debts is required. This isn’t always possible. But there is good news. You can amend your bankruptcy to include a forgotten creditor. Try to Disclose All Debts at Time of Filing To the maximum extent possible, list all of your debts on your bankruptcy…
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Sacramento Bankruptcy Trustees
A Bankruptcy Trustee is appointed in each Chapter 7 and Chapter 13 bankruptcy case here in Sacramento. Read on for more information about who these people are and the job they do. Sacramento Chapter 7 Bankruptcy Trustees At the start of a Chapter 7 bankruptcy in Sacramento, the court automatically assigns a Trustee. The Trustee is picked…