I filed for Chapter 13 bankruptcy protection in April 2016
I filed for Chapter 13 bankruptcy protection in April 2016 (LA County/San Fernando Valley), got set up with a 60-month plan, and have been making plan payments since April 2016. My questions have to do with my first status report, just received from the Chapter 13 Trustee. The Total Principal Balance Owed was surprisingly low and after doing the math, it looks like it will be paid off in 26 more months. My hopeful question is, will I be done at that point? A more resigned question is, will I still have to pay the full 60 months because some sort of interest will accrue. I ask because the report has a column for Interest Paid but at this point, it's all zeroes. I hope I explained my question clearly. Thank you for your answers.
I filed for a personal ch. 11 bankruptcy in 2003, and
Hi. I filed for a personal ch. 11 bankruptcy in 2003, and completed repayments of it in 2007. Do I still need to claim this on personal financial statements? The bankruptcy does not show up on my credit report anymore, hasn't for years. it's completely disappeared.
I was Personally Suit in a Civil Case - unfortunately the
Hi, I was Personally Suit in a Civil Case - unfortunately the Jury has decided against me . The Judge final hearing is in 30 days on potential damages. Wanted to know the options for bankruptcy protection. Since I was suit personally, would like to protect my family before the final judgement is issued. Last, i operate a very small LLC company - want to make sure the personal claims do not escalate against my business. Please advise on the best bankruptcy protection option and the possible cost. Thank you
I've asked questions before about loaning money and got very
I've asked questions before about loaning money and got very detailed answers. One question that I have now is: how do I protect the loan that I gave to a business against bankruptcy? I have been told here by another attorney to, in addition to other liens, to alook lien on accounts receivable but does that protect against bankruptcy?Thank youKevin
I received your response to one of my previous questions and
I received your response to one of my previous questions and I really liked how you described the different scenarios when reaffirming the vehicle in the bankruptcy process. I wanted to ask you if it was true, if the vehicle is not reaffirmed by the judge, the vehicle payments are not reported to the credit bureaus? Also, usually what is the percentage or ratio does your monthly expenses and car payment have to be in order for the reaffirmation to be approved by the judge? TIA.