From the monthly archives:

March 2009

What will happen if major banks go bankrupt?

March 31, 2009 · 2 comments

Honda asked:

If major banks go bankrupt then what will happen to their debt? In other words, if a person owns couple thousands of dollars in credit card debts and the banks go under, is there still obligation to pay the debt?

(This is theoretically question)

{ 2 comments }

What happens when a Chapter 13 bankruptcy is dismissed?

March 29, 2009

blue_eyed_demon1963 asked: I have been working on a “plan” with my attorney and trustee for almost a year now. Now they want to increase my payments to a point where I cannot afford it. I may want to dismiss my case but what happens when I do that? I know I am thrown back to [...]

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Can the bankruptcy courts or trustee withhold my rebate tax stumulus check?

March 28, 2009

Momof2 asked: I am filing bankruptcy on June 1, 2008 and am expected to receive my rebate stimulus check in July. Can the bankruptcy courts take my check to pay my creditors?

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How long after a discharged Chapter 7 bankruptcy can I refinance?

March 21, 2009

prettycre8ive asked: Hi,
The 2-year ARM on my home mortgage (two mortgages) expires August 2008 (home purchased August 2006). However, I filed a Chapter 7 bankruptcy in 2007 (discharged in July 2007). Will I be able to refinance this year? I’ve heard that Ch. 7’s are different from Ch. 13’s in terms of the refinancing [...]

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What is the difference between Chapter 7 and Chapter 13 in Bankruptcy and who qualifies for this?

March 19, 2009

carmela s asked: Who qualifies for a Chapter 7 and how would I know if I do qualify what about chapter 13 who qualifies for this?

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How long will chapter 7 stay on public records?

March 19, 2009

Tsunami asked: I filed chapter 7 back in June 1996, just checked my credit reports 2 months ago and is gone. Will Employment background check now shows my past bankruptcy at all.

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