Timing of Non-Vehicle Collateral Cramdown
Cramdown is most familiarly known as a tool to decrease monthly payments on vehicle loans. But you can also cram down debt on other collateral.
Category Chapter 7
Bankruptcy Helps You Sell Your Home
Beyond the pandemic's foreclosure moratorium, Chapter 7 bankruptcy gives you serious advantages if you're selling your home.
Unpaid Child and Spousal Support in Chapter 7
Chapter 7 does not stop the collection of unpaid child or spousal support, nor provide any procedure to pay the support. It may still help enough.
Priority Debts in No-Asset Cases
Priority debts are largely unaffected by a Chapter 7 case--it does not discharge them, so you need to pay them after finishing your case.
Priority Debts in an Asset Chapter 7 Case
Your Chapter 7 trustee may pay your priority debts--in full or in par--through the proceeds of the sale of your unprotected, not exempt assets.
Help Buy Time To Deal With Your Home Through Bankruptcy
Chapter 7 can help buy time to deal with some creditors or negotiate with others, which may help you keep your home.
Bankruptcy Can Help You When Faced With A Property Tax Foreclosure
Bankruptcy can help if you are facing a property tax foreclosure — Chapter 7 by getting rid of other debts, Chapter 13 by buying you lots more time.
Writing Off or Discharging Debts in Chapter 7 and Chapter 13
Bankruptcy is about writing off or discharging debts. The timing of discharge is quite different in Chapter 7 and 13; both are permanent.
Filing Bankruptcy in 2019 to Write Off More Income Taxes
With smart timing you can discharge--legally and permanently write off--more income tax debts, even with a standard Chapter 7 case.
Pass the Means Test by Filing Bankruptcy in 2018
The timing of your bankruptcy filing can determine whether you qualify for quick Chapter 7 vs. paying into a Chapter 13 plan for 3-5 years.
Chapter 7: Rejecting a Vehicle Lease
Rejecting a vehicle lease in a Chapter 7 case simply requires a formal statement that you reject it. The Option of “Rejecting” the Lease When you file bankruptcy, you get to choose if you want to keep your leased vehicle.…
