Chapter 13 Bankruptcy And Charge Off Account

Bankruptcy Information

DAY DEL Account past due days TIMES Account past due days times +TIMES Account past due days times or more WAS Account was delinquent days now days BAD DEBT Bad debt; placed for collection; written off to profit and loss BK FILE Voluntary or involuntary petition for Chapter bankruptcy BK DISC Voluntary or involuntary petition in Chapter bankruptcy discharged BK DISM Voluntary or involuntary petition in Chapter bankruptcy dismissed BK FILE Voluntary or involuntary petition in Chapter bankruptcy filed BK FILE Petition in Bankruptcy Chapter filed BK COMP Petition in Bankruptcy Chapter completed BK ADJ PLN Debt included in or completed through Bankruptcy Chapter BK DISC Bankruptcy discharged BK LIQ REO Debt included in or discharged through Bankruptcy Chapter or CH CASE Chapter bankruptcy CHARGE OFF Unpaid balance reported as a loss by credit grantor CHATTEL MO Chattel mortgage CIV JD SAT Civil judgment satisfied CLOS INAC Closed inactive account CLOS NP AA Credit line closed not paying as agreed COLL ACCT Account seriously past due; account assigned to attorney collection agency or credit grantor's internal collection department CO NOW PAY Now paying was a charge off COUNSEL SER Debt counseling service CO TAX LN County tax lien CO

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Power Search + + + + + + + + Marketplace + + + Extras + + + + Site Tools KPRC Local Bankruptcy Basics Content provided by ANYONE WHO HAS considered filing for bankruptcy will tell you it's not easy to find someone to talk to about it After all the subject isn't exactly something you'd bring up while standing around the office water cooler Even if you know someone who has filed broaching the topic can be rather delicate At the same time declaring bankruptcy is a complicated maneuver that must be carefully considered In other words it's exactly the type of thing that should be frankly discussed That's why it's always a good idea to work with both a bankruptcy lawyer and a financial adviser before and after you file In the meantime we can help Here are answers to the most frequently asked questions about bankruptcy I've Heard There's a New Law That Will Make Filing Bankruptcy More Difficult Is That True? Yes It is called the Bankruptcy Abuse Prevention and Consumer Protection Act and President Bush signed it in April The key to the new legislation is the so called means

Michael G Busby Attorney at Law Chapter Bankruptcy v Chapter Bankruptcy in Houston Texas In a Chapter a debtor is trying to get rid of as much debt as possible First certain types of debt are not eliminated in a bankruptcy i e student loans child support death or injury caused while driving under the influence of alcohol or drugs recent taxes to the Federal and State governments criminal fines etc Some debt may not be eliminated but requires specific action by the creditor As an example recent credit card usage may not be eliminated by the bankruptcy if the creditor files an Adversary To summarize the means test if your household income is below a certain threshold then you do not submit to the means test If you are above this threshold then we will have to look much more closely at your case to see if we can file a chapter for you If you are above the median income and you fail the means test then a Chapter is an option you may still have if you qualfiy In a chapter if you are above the median income then the commitment period is automatically years Certain household

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