Even if your income and expenses, with this add-on, still results in the need to file a chapter 13 and pay something to your creditors, your payments will be less than they would have been
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EXTENSION OF TIME IN BANKRUPTCY
Are you now prevented from suing. If there is no bankruptcy, then the answer most times would be yes. However, section 108 of the bankruptcy code states that if the statute of limitations has not expired when the bankruptcy was filed, then the time to sue does not end until the later of when it normally would have run out (2 years) OR 30 days after the automatic stay ends. So in this example, you could still proceed with the lawsuit as long as you file within 30 days of getting the permission tp proceed
Bertucci’s Files Chapter 11 And Closes Marlton Restaurant
The Coronavirus has taken its toll on numerous and diverse businesses. Retailers and restaurants are two of the businesses that have been hit the hardest. On December 5, 2022 Bertucci’s Brick Oven Pizza & Pasta filed a Chapter 11 bankruptcy.
Requirements for Filing Chapter 13 Bankruptcy
Chapter 13 is an extremely helpful way to protect assets such as save your home from foreclosure by paying mortgage arrears over time, reducing what is owed on a car and reducing debt in general, among other things.
As the Philadelphia Union Enjoys Success in Chester PA, the City of Chester Struggles
The City of Chester is home to the Philadelphia Union soccer team. Thanks to the outstanding play of goalie Andre Blake, a great defense and lots of scoring, the Philadelphia Union have advanced to the Eastern Conference Finals. Unfortunately, the Stadium and a nearby Casino have done little to boost the financial fortunes of Chester Pennsylvania.
Trenton Laundromat Closes and files Chapter 7 Bankruptcy
Undoubtedly the Pandemic hitting just one year after formation had a major impact on the Laundromat. Although both individuals and companies can file a Chapter 7 bankruptcy, there are generally more issues in a Chapter 7. For one, with a business there is often assets to be liquidated. When an individual files bankruptcy, no assets are typically sold because individuals are allowed to exempt (protect) a lot of their assets.
Can I Buy or Lease a Car if I am Still in a Chapter 13 Bankruptcy?
Can a debtor buy or lease a car while they are in bankruptcy. The answer is yes.
REGAL CINEMA PARENT COMPANY FILES FOR CHAPTER 11 BANKRUPTCY
Cineworld Group, the second largest movie theater chain, filed a chapter 11 in the United States Bankruptcy Court for the Southern District of Texas. Regal Cinemas is owned by Cineworld Group
WHICH BANKRUPTCY COURTHOUSE FOR BURLINGTON COUNTY RESIDENTS
The location of the Courthouse will impact the trustees assigned to your case as well as the judge appointed in your case
Bankruptcy Can Help with Delinquent Utilities
If you are able to file a Chapter 7 to eliminate unsecured debt, then any outstanding utility bills can be included and eliminated as well. Similarly, if you are paying a reduced amount to your unsecured creditors in a Chapter 13, the Utility Companies can be treated the same way.