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Are Debtors Able to Keep Financed Vehicles Once They File for Bankruptcy Protection?

A frequent concern of debtors is whether they will be allowed to keep their financed vehicles once they file for bankruptcy protection. As explained below, the answer is yes, so long as they stay current on their vehicle payment and maintain the required insurance coverage on the vehicle. When a…

How Chapter 13 Bankruptcy Prevents a Debtor From Losing His Home to Foreclosure

If a debtor falls behind on his monthly mortgage payments and is facing foreclosure proceedings, a Chapter 13 Bankruptcy will stop the foreclosure and give the debtor the opportunity to save his house. There are two criteria that the debtor has to meet in order for a Chapter 13 to…

Should a Debtor Reaffirm His Mortgage in Bankruptcy?

When a debtor files for Chapter 7 bankruptcy protection, all contracts between the debtor and his creditors are rendered “null and void”. A mortgage is a contract between the debtor ( the mortgagor) and the lender (the mortgagee). If the debtor files for bankruptcy and wishes to keep his home,…

Should a Debtor Reaffirm His Mortgage in Bankruptcy?

Does The Filing Of Bankruptcy Affect A Co-Signer’s Credit?

A concern frequently expressed by debtors is whether their Bankruptcy filing will affect the credit of an individual who co-signed a loan for them. The following explains the impact on a co-signer’s credit if the debtor files for Chapter 7 Bankruptcy, and the impact on that credit if the debtor…

Student Loans Made by Private Lenders Can Be Discharged in Bankruptcy

For years and years, the standard refrain by bankruptcy practitioners to their clients has always been the same when it comes to student loans – they cannot be discharged in bankruptcy unless the debtor proves that it is an “undue hardship” for him or her to have to repay the…

Student Loans Can Be Discharged in Chapter 7 Bankruptcy – The Brunner Test

For years, it has been conventional wisdom that a student loan could not be discharged in bankruptcy. The Bankruptcy Code states that a student loan could not be discharged in bankruptcy unless the debtor shows that it would cause “undue hardship” to except it from discharge. But the standard for…

Obtaining new Credit After Filing for Chapter 7 Bankruptcy – Part I

The most common question asked by a debtor contemplating filing for Chapter 7 bankruptcy is whether he will be able to obtain new credit once he files for bankruptcy. The answer is yes, so long as the debtor is employed. If the debtor is unemployed, he will be unable to…

Obtaining new Credit After Filing for Chapter 7 Bankruptcy – Part II

When a debtor files a Chapter 7 bankruptcy, he is usually doing so in order to put himself back on a sound financial footing. He is not merely just paying an attorney some money to get rid of some debt. For the debtor, an important part of getting back on…

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Are Debtors Able to Keep Financed Vehicles Once They File for Bankruptcy Protection?

How Chapter 13 Bankruptcy Prevents a Debtor From Losing His Home to Foreclosure

Should a Debtor Reaffirm His Mortgage in Bankruptcy?

Should a Debtor Reaffirm His Mortgage in Bankruptcy?

Does The Filing Of Bankruptcy Affect A Co-Signer’s Credit?

Student Loans Made by Private Lenders Can Be Discharged in Bankruptcy

Student Loans Can Be Discharged in Chapter 7 Bankruptcy – The Brunner Test

Obtaining new Credit After Filing for Chapter 7 Bankruptcy – Part I

Obtaining new Credit After Filing for Chapter 7 Bankruptcy – Part II

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Free Consultation

Free Consultation

Blog

Are Debtors Able to Keep Financed Vehicles Once They File for Bankruptcy Protection?

How Chapter 13 Bankruptcy Prevents a Debtor From Losing His Home to Foreclosure

Should a Debtor Reaffirm His Mortgage in Bankruptcy?

Should a Debtor Reaffirm His Mortgage in Bankruptcy?

Does The Filing Of Bankruptcy Affect A Co-Signer’s Credit?

Do Social Security Benefits Count Towards Determining Whether You Qualify for Bankruptcy?

Student Loans Made by Private Lenders Can Be Discharged in Bankruptcy

Student Loans Can Be Discharged in Chapter 7 Bankruptcy – The Brunner Test

Obtaining new Credit After Filing for Chapter 7 Bankruptcy – Part I

Obtaining new Credit After Filing for Chapter 7 Bankruptcy – Part II

Contact

Quick Links