If you are lucky enough to get your mortgage company to offer a meaningful modification of your mortgage while you are in a Chapter 13, you probably can get the Trustee and the Court to agree to allow it. There are a number of issues, however, that need to be addressed. Before modifying your mortgage [...]
bankruptcy court
You may be able to deduct your student loan payment as an expense on your bankruptcy petition if you file Chapter 7, but usually cannot if you file Chapter 13. As you probably know, student loan debts are usually not dischargeable in bankruptcy. That means that if you file a Chapter 7, you will still have to pay [...]
When you file bankruptcy, what happens to the TV you “rented” from Rent-a-Center depends on how the bankruptcy court views the contract you entered into with Rent-a-Center. The court could view the contract as a “true lease”, which would mean that you would either have to assume or reject the lease. By assuming the lease [...]
You can keep property when you file bankruptcy in Chapter 7 in some situations, but usually always in Chapter 13 bankruptcy.
In this day of the Internet, nearly everything you want can be found online. So too, you can find the United States Bankruptcy Court and the Office of the United States Trustee online. These sites can be a source of information for the educated. However, bankruptcy remains a complicated topic and though you can find [...]
