Can I stay in my apartment after bankruptcy?
Under the automatic stay rule in bankruptcy, can I stay in my apartment without paying? How long can I do this? florida bankruptcy court
Is my brokerage account and stocks safe from bankruptcy?
I am currently in the midst of filing bankruptcy. I have a bad auto load in my name, which was repossesed. They are currently garnishing my wages. The debt is scheduled for a court hearing soon. Am I safe to invest a few thousand of my last dollars in day trading stocks? Or can they seize my securities too?
Once discharged from bankruptcy, year ago- what if I have a $400 hospital bill 6months- and don't pay it?
my employer will not pay the hospital bill which as it happened occurred 6 months ago a bit after my filing and discharge in bankruptcy court 1 year ago ... the collection agency says still " We will report to credit bureau, grrr " , but my credit " will be whack" for ten years regardless... mmmm... Right???. That's the question. If it will not... is it worth the trouble of paying the debt and getting a secured card and start " " " rebuilding" " " my credit?. Thanks
Should I try to buy a home before or after filing bankruptcy?
I am a 30 year old married mother of 2 little girls. My daughters were both born with health problems and both required surgery. This has left our family with a mountain of death for such things as hospital bills and airplane transport. It is our dream to own a home, but at this point we are even unable to get a decent car to drive. A friend told me to look into FHA loans, but we are to the point of needing to file bankrupcty. I am not sure if we should go ahead and try to get a home, therefore saving money as the payments would be lower than our rent, or wait 2 years after we file. My family of four currently lives in a 2 bedroom upstairs apartment, which I am thankful to have, but it isn't the best for the little ones. Someone please tell me what are we to do? Thanks in advance for your help in this matter.
Would previous bankruptcy interfere with joint sponsorship eligibility~?
My uncle is a doctor but last year he claimed bankruptcy ... now hes been back up and on his feet , making good amounts of money with his own medical practice business and all thatIf he chooses to be my joint sponsor ... would that affect the eligibility ???cuz u know , previous history of bankruptcy n stuff
Can you keep your house while filing for bankruptcy?
I saw that under chapter 7, you have to sell all of your items to pay off debtors and whatever debt is left, you are free of. So does that mean you lose everything that you file? We would like to be able to keep our house and one car, is that possible?
How long after chapter 13 bankruptcy can you purchase a home?
Everything that i've read says that you can get a home after 1 year in a ch 13 bankruptcy, 2 years after ch 7 bankruptcy, and 3 years after a foreclosure. I am about to file a chapter 13, and wonder how long would I have to wait before I could purchase a home. Does anyone know the actual rule and could you point me to the website or where you got your information?Thank you
What do people think about this study on bankruptcies?
Study Bankruptcy Rates Reflect Policy, Not Peoplebyunews.byu.edu archive09 Jun bankruptcy.aspxWhat do high bankruptcy rates in states like Tennessee and Utah tell us about the people that live in those places? Not much, according to a new 50 state bankruptcy study published in the Journal of Law and Economics.The study, by Brigham Young University economists Lars Lefgren and Frank McIntyre found state to state differences in bankruptcy rates are mostly explained by bankruptcy laws, differences in legal institutions, and broad demographic factors. Our findings don t say much at all about the people involved in bankruptcies, said Lefgren. In large part, we found that there are different state policies that affect how people respond to financial crises. Bankruptcy rates vary widely from state to state. Alaska traditionally has one of the country s lowest filing rates an average of one bankruptcy per 1000 individuals from 1999 through 2000. During that same period, the rate in Tennessee, the highest bankruptcy state, was nearly eight times higher. Texas had a rate of three per 1000, but right next door in Oklahoma, the number was double that.Until now there had been very little research on why these numbers vary so much, according to Lefgren and McIntyre. Press reports on this have often focused on people, Lefgren says. What makes the people in high bankruptcy states so different than people in low bankruptcy states? Are they just strange or especially flaky about their debts? Not so, the study found.Lefgren and McIntyre s analysis of bankruptcies in all 50 states from 1999 to 2000 found that the best predictor of a state s filing rate is that state s wage garnishment law. Some states have laws that make it more difficult for creditors to dip into a delinquent debtor s paycheck. These states tend to have lower bankruptcy rates, the study found. If a state limits a creditor s ability to garnish wages, it s easier for the debtor to ignore the debt, creating an informal default rather than a bankruptcy. Lefgren explains. But when someone gets slapped with a garnishment, he may be more likely to declare bankruptcy to get out from under it. The result is a larger number of bankruptcies in states where it s easier to garnish wages. Another factor that increases a state s bankruptcy rate is the fraction of filings under Chapter 13 of the bankruptcy code rather than Chapter 7. Chapter 13 bankruptcies put filers on a payment plan designed to pay back at least a portion of their debts. Chapter 7, on the other hand, generally wipes out debt completely. In most Chapter 13 cases, the filers are unable to keep up with the payment plan, so the bankruptcy is dismissed. At that point, the debtor often files for bankruptcy again. So in states where people are pushed toward Chapter 13, we have families filing for bankruptcy multiple times, Lefgren says. People are being counted in the bankruptcy statistics multiple times for the same debts. So in reality, Lefgren says, the bankruptcy rate is not a terribly good indicator of default on debt. The amount of unpaid debt might be fairly similar from state to state, but in one state it goes on the books as a bankruptcy, while in another it remains an informal default. Meanwhile, in many states, bankruptcy rates are inflated by multiple Chapter 13 filings.Taken together, garnishment laws and the fraction of Chapter 13 bankruptcies account for more than half of the state to state variation in filing rates.While most state variation can be attributed to policy differences, the study did find several broad demographic factors that influence bankruptcy rates, such as age and income. Filing rates tend to be higher among those age 25 to 29, with household incomes between $30,000 and $60,000. States with larger concentrations of younger, middle class people tend to see higher bankruptcy rates.Lefgren and McIntyre found that other factors, such as asset exemption rates, often touted to explain bankruptcy rates actually have little influence at all. States that allow filers to keep large proportions of their assets through bankruptcy don t necessarily have higher bankruptcy rates, the study found.Another factor that doesn t seem to matter the size of the public safety net. Generous welfare, housing assistance and unemployment compensation programs seem to do little to mitigate a state s bankruptcy rates
