A prior Chapter 7 bankruptcy discharge prevents another Chapter 7 case for 8 years from the date of the first case filing. A prior Chapter 13 discharge prevents a Chapter 7 case for 6 years unless the case repaid 70% of the debt and was filed in good faith. A prior Chapter 13 Discharge prevents another
[ more ]Posts Tagged: Chapter 13
Will a bankruptcy hurt the credit of my cosigner?
Cosigned loans may be repaid after a Chapter 7 is completed so the cosigner’s credit is not damaged. Often the loan will be left solely in the name of the cosigner and payment arrangements are made informally between the cosigner and the person filing bankruptcy so that the payments are made on time. The bankruptcy
[ more ]Does my personal bankruptcy release my co-signer or guarantor of a debt?
Chapter 7 does not protect a person who cosigns a debt with you. To protect the cosigner you must repay the debt after the Chapter 7 bankruptcy is completed. Chapter 13 includes protection for a cosigner if the Chapter 13 repayment plan provides full repayment of the cosigned loan.
[ more ]What if I want to pay creditors something, but I just can not afford to pay them all that I owe?
For relatively minor debt problems there are a number of credit management companies that deal with credit card debts and work out voluntary repayment plans outside of bankruptcy. If all creditors won’t agree to do this, you can file a Chapter 13 bankruptcy. This allows you to pay all your creditors a portion of what
[ more ]
Recent Posts
Attorney Megan Quillen Earns Certification as Consumer Bankruptcy Law Specialist
The law office of Harlan and Quillen is proud to announce that attorney Megan Quillen has been named board certified by the American Board of Certification (ABC) as a Consumer Bankruptcy Law Specialist. “Achieving board certification as a Consumer Bankruptcy Law Specialist is a proud moment in my legal career,” says Quillen. “I am honored
H&Q Paralegal Receives Advanced Certification
H&Q Paralegal April Watson recently achieved the Fair Credit Reporting Act (FCRA) Advanced Certificate through the Professional Background Screening Association. The certification program content included fair credit reporting compliance, accuracy and litigation information and strategy. Watson manages the firm’s credit report review process. H&Q provides a no-cost credit report review for clients following their bankruptcy
H&Q Attorney Keith Slocum named to the Board of the American Board of Certification
Consumer bankruptcy firm, Harlan and Quillen, is proud to announce that attorney Keith Slocum has been named to the Board of the American Board of Certification (ABC). “I’m honored to be named to the ABC board and work alongside other professionals that are leading our legal field,” says Slocum. The ABC is the premier legal