Under federal bankruptcy law, once a person files a case, creditors are “stayed” from taking any action to collect on their debt. As long as your Chapter 13 plan is confirmed by the Bankruptcy Court and you make both your Chapter 13 plan payments and your current mortgage payments, the mortgage holder should not be permitted to take any action to foreclose on your home.
Yes! Pro se filers must make the Bankruptcy Court aware of all assets and asset transfers or sales.
Credit scores are not law-related in any way, and as such Standard Legal cannot offer a response.
Whether or not you can “keep” your IRA after a Chapter 7 Bankruptcy filing depends upon which state you live in and whether or not your state offers an exemption for IRA accounts.
While the process of filing for personal Chapter 7 or Chapter 13 Bankruptcy is by no means “quick and simple”, there is most definitely a clear set of steps that must be followed to make it through the process.
Absolutely. Not only are the U.S. Bankruptcy Court forms kept up-to-date, but the forms of the 90+ District Bankruptcy Courts are updated upon notice as well.
Standard Legal’s Bankruptcy software permits the debtor to prepare a list of creditors
Users can type directly into each field on every Standard Legal U.S. Bankruptcy Court form using just about any PC or Mac operating system available. Standard Legal’s Bankruptcy forms are provided