That is what I expect to happen. Vehicle creditors, that have already repossessed but have not yet sold the property, will be in the strong position of the negotiation given this Chicago decision.

That's what I'm wondering. Now that a creditor-in-possession (that's what they really are,...

It's too difficult to tell because most of the conventional loans use something call Loan Level Pricing Adjustments (LLPA) which take into account many different factors. Those factors include your middle FICO score (or the lowest of 2 if they can only get 2 scores), payment history on debt (mortgage...

despritfreya that's an interesting vote with a unanimous (8-0) which is impressive (since Hamilton v Lanning was 8-1). All the lower courts resolved that it was a per-se violation of the stay, but SCOTUS was unanimously convinced that it is not. What is interesting is that the use of the phrase "status...

The terms are really for the Clerk's office and may not always match to your expectations.

The bottom line is that these are tickle dates for the Clerk's office and you shouldn't generally look at them. My 341 Meeting stills says awaiting 341 meeting, yet I was discharged years ago....

Pattonator because technically you're already bankrupt when you're insolvent, and;

1. not all creditors will negotiate or even settle. This is especially true if you actually have property as evidenced by a LexisNexis risk report.
2. bankruptcy is the only way to guarantee an outcome and have protection

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You can actually fix the Chexsystems reporting after bankruptcy! After your discharge is entered, simply go to the Chexsystems site and dispute the bad stuff as included in bankruptcy. I have had 0 issues even though I had an overdraft account at a major bank and the account was actually negative at...

Welcome to BKForum. Thank you for being so willing to help others. That is exactly what this community, BKForum, is all about. People helping other people. We strive to have the best and more complete information as detailed by others who have gone through bankruptcy....

To add what shipo wrote, I would also check my credit reports around 4 weeks after the discharge is entered to make sure everything was updated....

Zwicker represents several major creditors here in Florida.

I'll assume that their defense to lack of service is that they didn't have your physical address so may have performed alternate service, such as service by publication. I would say that if Discover Financial Services uses Zwicker,...

It may not make any sense on the surface, but if the creditor receives and records the judgement, it can and will attach to property. Hence the term "running" to the courthouse steps. They want to get the judgement before your case is filed. Think of it as calling your bluff.

...

Yes you can get your LexisNexis report. They have a link where you can obtain a copy of your report (I think once a year). I just received mine.

The LexisNexis report has lots of information including your public records, driving records, insurance records, and property owned (including...

Good that you found the filing date. I wouldn't, however, be so anxious to take the personal financial management (first) class so soon. You never know if you'll have to "delay" the filing, so take that class "just in time".

It's not a loophole. It's no different than a Floridian buying an $8,000,000 house on the eve of bankruptcy.

But, there's more! The United States Trustee (UST) would likely file a complaint (AP/adversary proceeding) claiming that under the bad faith exception, that you did that on purpose...

There's nothing wrong with bankruptcy pre-planning. Nothing wrong with deferred medical items like dentistry, hearing, vision, etc. There's nothing wrong with doing home repairs. An inquisitive Chapter 7 Trustee may poke into additions and upgrades that are not for the health and safety of the family....

womanonfire proving insolvency, for purposes of IRS Form 892 (Reduction of Tax Attributes) is much easier with a bankruptcy under Title 11, then probably trying to prove it for purposes of reducing the tax impact of an IRS Form 1099-C (Forgiveness of Debt). I will always say that bankruptcy is only...

I have had 0 issues when you can document a significant reduction in pay, and $1000 a month is a significant reduction!

I would definitely, and immediately, contact my attorney and inform them that I had a reduction in pay. I did this as well, in anticipation of a layoff, when I was in...

To just search for your case and bring up the first result page, is free. If you click additional links, or cause a significant query, it will not be a free query. As shipo writes, you have about $30 of free queries per quarter. So, just searching for your case (by the case number), and just looking...

It doesn't matter if filing can stay this. It seems that the Sheriff won't budge so you need an order of the court either confirming that the Stay does not exist, or granting relief from the automatic stay.

I'm thinking that your (bankruptcy) attorney should simply file an Emergency Motion...

When the bankruptcy falls off, you may see anything from 0 points to a significant increase. As shipo wrote, there is no easy answer because FICO depends on so many factors! You'll likely be moved into another bucket and then be compared with others that don't have a bankruptcy.

So that...

There is nothing in the CARES Act that I have read which excludes unemployment income from the definition of "current monthly income" (CMI) when it comes to the means test. The only thing that was explicitly excluded from the CMI definition was the stimulus payment itself.