The length of that waiting period depends on the type of bankruptcy they filed before and the type of bankruptcy they want to file this time.
JOHNSON AND JOHNSON SUBSIDIARY FILES FOR CHAPTER 11 AGAIN
LTL Management LLC, a subsidiary of Johnson and Johnson, filed a Chapter 11 in the United States Bankruptcy Court for the District of New Jersey in Trenton New Jersey on April 4, 2023.
BANKRUPTCY INCOME LIMITS INCREASE ON APRIL 1, 2023
the court wants to see if the person filing bankruptcy has the means to pay something back to the creditors. To do this, the court compares the debtors income to the average income of a family the same size as the debtor that lives in the same state as the debtor
Can Student Loans be Discharged in Bankruptcy?
Can student loans be discharged in Bankruptcy? The answer is sometimes. Different factors come into play such as is the student loan federal or private, is there a hardship, what type of institution the student attended and for what purpose was the money used.
Is a need to file for bankruptcy your fault?
If you find yourself facing overwhelming debt and you’re considering using bankruptcy to get out of it, are you the one who put yourself in this position? Probably not.
Increasing Bankruptcy Expense Limits Under the Means Test
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
5 common questions about bankruptcy
If you’re struggling with overwhelming balances on your credit cards and other debts, know that filing for bankruptcy may be able to help you regain your financial footing. Many people used to be afraid of bankruptcy because it was attached to a stigma. Thankfully,...
3 reasons credit card settlement can do far more harm than good
Although it may feel extreme, filing for bankruptcy is often the best solution when your debt has reached truly unmanageable levels. Learning more about the basics of bankruptcy and the problems with different credit card debt solutions can help you make better financial choices.
3 things people should know about the Chapter 13 repayment plan
Some people will file for Chapter 13 bankruptcy because their income is too high to qualify for Chapter 7 proceedings or because they have valuable property that they don’t want to risk losing in the bankruptcy process. Chapter 13 Bankruptcy does not require the liquidation of your personal property but will instead necessitate a repayment plan.
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