Submitted by Anonymous (not verified) on Mon, 04/14/2014 - 21:49
In previous blogs, I have written introductory information about the basic process in chapter 13 bankruptcy. In this next series of articles, I will discuss some of the issues surrounding chapter 13. In order to file chapter 13, you must be an individual with regular income. There are limits to the amount of debt you can have and still be eligible to file chapter 13. As of April 1, 2013 the limits are now $1,149,525.00 for secured debt and $383,175.00 for unsecured debt. These numbers are adjusted every three years.
Submitted by Anonymous (not verified) on Mon, 04/14/2014 - 00:46
The bankruptcy code provides that the bankruptcy estate includes, with certain exceptions, all legal or equitable interests of the debtor as of the date of the filing of the bankruptcy case.
Submitted by Anonymous (not verified) on Sat, 04/12/2014 - 18:07
Bankruptcy court decisions are normally appealed to the location's federal district court. Certain standards are used by a district court in making its decision upon appeal.
Submitted by Anonymous (not verified) on Sat, 04/12/2014 - 01:07
There are income qualifications for filing Chapter 7 bankruptcy. If you are over the median for your state then you are subject to a means test. If it is determined that you have the ability to pay back at least 25% over the next three to five years, then you will not qualify for Chapter+ Read MoreThe post Your Monthly Income Is A Factor In Qualifying For A Chapter 7 Bankruptcy appeared first on David M.
Submitted by Anonymous (not verified) on Fri, 04/11/2014 - 20:14
A man behind an investment scheme meant to defraud investors was charged with two counts of bankruptcy fraud. William Marshall Wolfe, 44, of Ridgeland appeared in federal court and indicted on charges related to bankruptcy fraud following a federal investigation involving multiple government agencies. Documents related to the court indictment claim Wolfe devised a scheme […]