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It can be any amount so long as it is below 9% of the card limit of the card that is reporting a balance. To be safe, keep it below 8% just in case.
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I think Experian provides a true FICO score. If you can't get a true FICO from your bank or lender, then MyFICO is the only place to get them all. By all, I mean all 27+ variations of FICO.
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Other than for Michigan and another State, the payment period begins on the first date you made a payment to the Chapter 13 Trustee. You can look at the NDC to see your "total plan base" and then your total paid to date. This number is usually accurate but may lag behind the Trustee's actual...
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The physician should be able to provide a letter that shows that he can't work. Did you ask your attorney? I'm guessing you are only seeking an abatement (reduction) in the payment. If you are seeking a hardship discharge, then you wil need to prove that and you will need medical or other evidence....
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I'm not a tax expert and this is a question that requires such an opinion.
I don't know how an individual's taxes would be an expense for an LLC/S-corp after the earnings have been passed-through to the members/shareholders. A Chapter 11 Subchapter V is to rehabilitate (or liquidate) the...
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Are you currently in a Chapter 13? If so, then you'd need permission from the Chapter 13 Trustee.
If you filed Chapter 7 and are discharged, you should have already been inundated with car offers. If you haven't been receiving any, you can find a dealership that has a finance department...
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Welcome to BKForum! Divorce and bankruptcy seem to go hand-in-hand. Feel free to ask any questions.
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Generally speaking, they don't automatically stop. Either the Trustee or your attorney need to file a motion to withdraw the wage deduction order (WDO). I can't say who does that specifically in your jurisdiction. If you don't have a WDO and arranged payments through the Trustee's system, then you'll...
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I would never voluntarily dismiss a Chapter 13 when it's within just a few months of discharge. Perhaps you could get a hardship discharge but you'll have to speak with your attorney about what options you have. A conversion may also be in the picture if you have a substantial change in income and your...
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Most company cards are guaranteed by the company and are not a problem. True AMEX Corporate cards have some quirks as they are dual responsibility, but the company can still issue a guarantee.
You'll just have to see what happens.
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Welcome to BKForum.
All regular income is income for purposes of bankruptcy "means testing" and for calculation of the disposable monthly income (DMI). All spousal income is included even if they are not filing. Certain amounts can be deducted using the spousal deductions but...
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If it's the SBA assume that the liens are in place. It just goes to how you would liquidate the business and pay the SBA with what you have. I haven't personally seen any bankruptcies that have dealt with the EIDLs. Just make sure you have an attorney that understands SBA loans.
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I happy to read that. Just do you absolute best to stay in plan and to find a second job so that you can survive. We are all rooting for you!...
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It is likely based on the phenomenon known as "public policy." In Florida, we have lots of retirees and they are a very strong lobby! That's probably why, in 1980, we amended our State Constitution to increase the homestead exemption from $50,000 to an unlimited homestead exemption (Art. X,...
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Welcome to BKForum.
The problem with the SBA loan is whether or not you granted a consensual lien against your property. If the EIDL is above $200,000 then you would have needed to pledge property of the business. I don't know if you gave a personal guarantee as well but a personal guarantee...
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In a Chapter 7 they won't care that the number (the DMI) is negative. If you were going into a Chapter 13 you need to be able to survive so a really large negative DMI could prove fatal to completion of the Chapter 13 plan. Since you are going into a Chapter 7 it isn't an issue.
The Trustees...
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My calculations show that you would be in a 100% plan. You would need to pay back $10K of credit card debt, plus the arrears, plus fees. I just did quick math and that is indeed about $580 over 60 months. There's no way around that because you have $100K in equity with only about $22,975 protected under...
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