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While in the process of filing a Chapter 13 where can a refinancing bank be found?
Wiki User
∙ 18y ago
Generally, your best bet is to contact a wholesale mortage broker, who has access to several lenders to refinance you. If you have a decent amount of equity in your home, your situation will be more lendable. Banks do not refi chapter 13 they are for the most part looking for the person who doesn't need a loan. We call them in the mortgage business A paper lendees. When you are having financial problems that are grave enough to file BK your FICO scores are probably around 500 and the person who is handling your refinancing will need to know how to navigate the court system and deal with your lawyer's needs to get this done. This all too much work for a bank I specialize in this type of lending and have helped several people get their lives back on track give me an e-mail I will help you Nora * Anybody know how I can get in touch with Nora , kgproffitt@eprod.com
Wiki User
∙ 18y ago
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Can filing chapter 11 keep finance company from reposessing heavy equipment?
Yes, for a while at least.
Can you move to another state while filing chapter 7?
You need to appear 1x to finalize. After that, ok.
What will happen to your direct deposit while filing bankruptcy?
Direct deposit of any monies while filing for Chapter 7 bankruptcy are safe. However, under Chapter 13 bankruptcy, an automatic payment may be required to the trustee from a direct deposit of wages and other sources of income.
Can you live with your parents while filing for chapter 7?
As long as one lives within the territorial jurisdiction of the bankruptcy court, domicile generally is not relevant to the process. Exceptions tend to be for job transfer, and such like. Thus, yes.
Where would someone seek advice on refinancing?
While there are lots of places out there to get free quotes on refinancing, it is best to talk to your bank or a mortgage expert if you are planning on refinancing your home. Your bank can give you great advice if you are refinancing your auto loan.
Can someone transfer a house into your name while filing chapter 13 bankruptcy?
You should check with a Lawyer concerning transfer of property and Chapter 13 bankruptcy. Some things are legal and some things could bring a conviction of fraud and prison time. Sometimes there is an extremely thin line between the two! I assume that whoever is filing Chapter 13 has a lawyer. That would be the person to check with.
Can you own your own business while going through bankruptcy?
Depends on the type of bankruptcy you are filing. Generally a personal bankruptcy does not effect your business, and vise versa. However, if your business is filing bankruptcy, a Chapter 11 reorganization will allow you to stay in business.
What is chapter 13 bankrupt?
There is a big difference between chapter 7 and chapter 13 bankruptcy. Generally speaking, chapter 13 bankruptcy is a type of Reorganization bankruptcy. It filing a plan with the bankruptcy court suggesting how you will repay your debt. Some debts must be repaid in full while others require only a percentage or nothing at all.
If your car was totaled while in chapter 13 what happens now?
You will be allowed to get a new car within certain price restrictions. Nothing different will happen other than your filing will have to be amended.
Can you finance a car during filing of chapter 7 new york state?
Bankruptcy is a federal action in a federal court, whether in New York State or elsewhere. You cannot get a loan while in a Chapter 7. No creditor will lend to you until you have received your discharge.
Can a bill be added to chapter 7 before the discharge?
No, only debts that existed before the BK filing are discharged. You cannot continue to accrue debt while in BK and expect to discharge that as well.
Can you surrender your vehicle after filing chapter 13?
Yes, but I would hang on to your car if you can make the payments because getting a car while you are in bankruptcy is quite a process (you must file a motion to incur additional debt and get permission from your trustee) and you will pay a much higher interest rate. Maybe higher than the one you have now, since you purchased it before bankruptcy. There are also limits on the price of the car you are allowed to buy and a limit on the payments you are allowed to take on. You will also have a repo on your credit, making it difficult to finance a car
