In most cases you will not lose your home or car during your bankruptcy case as long as your equity in the property is fully exempt. (see ) Even if your property is not fully exempt, you will be able to keep it, if you pay its non-exempt value to creditors in chapter 13. However, some of your creditors may have a “security interest” in your home, automobile or other personal property. This means that you gave that creditor a mortgage on the home or put your other property up as collateral for the debt. Bankruptcy does not make these security interests go away. If you don’t make your payments on that debt, the creditor may be able to take and sell the home or the property, during or after the bankruptcy case. There are several ways that you can keep collateral or mortgaged property after you file bankruptcy. You can agree to keep making your payments on the debt until it is paid in full. Or you can pay the creditor the amount that the property you want to keep is worth. In some cases involving fraud or other improper conduct by the creditor, you may be able to challenge the debt. If you put up your household goods as collateral for a loan (other than a loan to purchase the goods), you can usually keep your property without making any more payments on that debt.
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This should be a serious deal breaker for any romantic relationship, says Meyers. It shows that you're not emotionally all in and no relationship can move forward if someone is still living in the past. You deserve better than that.
6. What Different Types of Bankruptcy Should I Consider?
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Algebra is an onerous stumbling block for all kinds of students: disadvantaged and affluent, black and white. In , 43 percent of white students fell below “proficient,” along with 39 percent in Tennessee. Even well-endowed schools have otherwise talented students who are impeded by algebra, to say nothing of calculus and trigonometry.
19. Can Bankruptcy Help Get My Illinois Driver’s License Back?
Alimony, maintenance, and/or support are protected from discharge. Divorce decrees and separation agreements are covered by 11 U.S.C. Section 523(a)(15). This section states that these debts are not dischargeable unless:
21. I’m Married, Can I File by Myself?
In my personal opinion, the elimination of early release will not solve the problems of the world. Will keeping an offender in prison longer mean less crime? Crime does not discriminate and there will always be those individuals who have been in and out of the system like the revolving door effect. When society places one offender in prison, there will be someone else out on the street to take the place of that offender. Incarcerating offenders for longer periods of time means more prison overcrowding and a larger bill for tax-payers for each offender in prison. Are offenders going to be motivated to work or cooperate if they have no incentive? If an offender can lie around and cause chaos to correctional officers and other offenders, is this any different than those offenders who work and cooperate? With the elimination of parole, my answer would be no. Abolishing parole, means no incentive, offenders serve their max time and then are released regardless of being cooperative or not. Without incentive, there is no need for an offender to cooperate. I strongly oppose the elimination of early release; however, if I had to abolish early release, I would enact a policy that would focus on incentives. Those offenders that work and cooperate receive more privileges while in the prison system. To be honest, I don’t think every offender should be spending their time working out, watching television, and playing basketball, this should be a reward not a right. The need to allow a split sentence for those offenders who are complacent would allow the offender to serve an amount of time in prison and then if the offender complies and does what they are suppose to, then they are stepped down into a half-way house. This would free space in the prison system and reintegrate the offender back into the community. Everyone can make a mistake it is what they do to better themselves after the mistake is made. Individuals should receive a chance to prove themselves to the community. The parolee deserves to be given the opportunity to prove to society that they have been rehabilitated; therefore, I oppose early release. I will agree that those offenders who use prison as a revolving door or those offenders who commit violent crimes should receive the max time and need to seriously think about their actions.
22. Can filing bankruptcy stop bill collectors from calling?
~Wrong timing~ might seem like the oldest line in the book, but it can be a legit relationship killer, says Sussman. Are you wanting more of a commitment than that person is ready or willing to give you right now? Are your schedules totally at odds? Are you guys just in different places in life (literally or figuratively)?