More Articles by Cara O'Neill
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Your Car in Chapter 13 Bankruptcy
Chapter 13 provides solutions unavailable in Chapter 7 to help debtors keep their cars. Learn about reducing loan interest and balances, catching up on late payments, and more.
Bankruptcy Preference Payments to Creditors
If you make a preference payment or transfer, your bankruptcy trustee might be able to get the money back from the person or business you paid. Learn what constitutes a bankruptcy preference payment.
What Happens to Liens in Chapter 7 Bankruptcy?
A creditor with a lien has rights against the property securing your obligation to pay the money you owe. Learn what happens to liens and secured property in Chapter 7 bankruptcy.
The Clawback Provision and Preferential Transfers
In Chapter 7 bankruptcy, the trustee has the right to take back property or money the debtor improperly gave away before filing. "Clawback" is the term used to describe this power, which allows the trustee to regain assets.
Should I Repay Debts Before Filing for Bankruptcy?
Although paying off debts before filing bankruptcy may seem like the right thing to do, it is often not a good idea.
Chapter 7 Bankruptcy for Corporations and LLCs
Filing for business bankruptcy means someone else steps in to liquidate your business’s assets and settle its debts (in this case, the bankruptcy trustee).
Can a Jointly Owned Car be Seized in Chapter 7 Bankruptcy?
Find out if you can lose a car owned by someone else in Chapter 7 and what steps you can take to protect the other owner's interest.
What Happens in Bankruptcy If I Am on the Deed to Someone Else's Home?
When you're on someone else's deed, proving you don't own the home could be challenging, which could put it at risk in Chapter 7. The ownership issue could also prevent you from confirming a Chapter 13 plan. Learn more.
What Happens to a Car Lease in Chapter 7 Bankruptcy?
What happens to your car lease in Chapter 7 bankruptcy depends on whether you are behind on your payments and on what the bankruptcy trustee decides to do with the lease.
Questions to Expect at the 341 Meeting in Your Bankruptcy Case
During your bankruptcy case, you will attend a meeting with your creditors and the bankruptcy trustee in charge of your case. Find out what questions the bankruptcy trustee must ask you and more.