Podcast
Questions and Answers
Who is eligible to file for Chapter 13 bankruptcy?
Who is eligible to file for Chapter 13 bankruptcy?
- States and municipalities
- Corporations and LLC's
- Only individuals (correct)
- Non-profit organizations
What is the requirement for an individual before filing for bankruptcy?
What is the requirement for an individual before filing for bankruptcy?
- To obtain approval from a credit union
- To pay a fee of $50
- To submit a budget analysis
- To receive credit counseling from a non-profit agency (correct)
Who is eligible to seek relief under the bankruptcy code?
Who is eligible to seek relief under the bankruptcy code?
- Only corporations
- Natural persons, corporations, partnerships, and LLC's (correct)
- Only partnerships
- Only natural persons
What is the difference between 'person' and 'individual' in the bankruptcy code?
What is the difference between 'person' and 'individual' in the bankruptcy code?
Which type of bankruptcy is initiated by a debtor in 99% of cases?
Which type of bankruptcy is initiated by a debtor in 99% of cases?
What is the waiting period for an individual to file for bankruptcy if they have already received a discharge under Chapter 7 and want to file for bankruptcy again?
What is the waiting period for an individual to file for bankruptcy if they have already received a discharge under Chapter 7 and want to file for bankruptcy again?
Under what circumstances can a debtor be subject to an involuntary bankruptcy?
Under what circumstances can a debtor be subject to an involuntary bankruptcy?
What type of bankruptcy case can only proceed under Chapter 7 or 11, and not Chapter 13?
What type of bankruptcy case can only proceed under Chapter 7 or 11, and not Chapter 13?
What does a debtor need to file in order to commence a voluntary bankruptcy?
What does a debtor need to file in order to commence a voluntary bankruptcy?
If a debtor has 500K of unsecured debt, can they be a debtor under Chapter 13?
If a debtor has 500K of unsecured debt, can they be a debtor under Chapter 13?
What type of bankruptcy can be initiated by a creditor?
What type of bankruptcy can be initiated by a creditor?
Under what circumstances can a debtor be subject to an involuntary bankruptcy?
Under what circumstances can a debtor be subject to an involuntary bankruptcy?
What is the waiting period for an individual to file for Chapter 13 bankruptcy if they have previously filed for Chapter 7?
What is the waiting period for an individual to file for Chapter 13 bankruptcy if they have previously filed for Chapter 7?
What is the threshold number of creditors required for an involuntary bankruptcy petition?
What is the threshold number of creditors required for an involuntary bankruptcy petition?
What is the waiting period for an individual to file for Chapter 13 bankruptcy if they have previously filed for Chapter 13?
What is the waiting period for an individual to file for Chapter 13 bankruptcy if they have previously filed for Chapter 13?
Who is eligible to file for Chapter 13 bankruptcy?
Who is eligible to file for Chapter 13 bankruptcy?
What is the requirement for an individual before filing for bankruptcy?
What is the requirement for an individual before filing for bankruptcy?
Under what circumstances can a debtor be subject to an involuntary bankruptcy?
Under what circumstances can a debtor be subject to an involuntary bankruptcy?
What type of bankruptcy case can only proceed under Chapter 7 or 11, and not Chapter 13?
What type of bankruptcy case can only proceed under Chapter 7 or 11, and not Chapter 13?
What is the waiting period for an individual to file for Chapter 7 bankruptcy if they have previously filed for Chapter 7?
What is the waiting period for an individual to file for Chapter 7 bankruptcy if they have previously filed for Chapter 7?
Under what circumstances can a debtor be subject to an involuntary bankruptcy?
Under what circumstances can a debtor be subject to an involuntary bankruptcy?
What is the threshold number of creditors required for an involuntary bankruptcy petition?
What is the threshold number of creditors required for an involuntary bankruptcy petition?
What is the waiting period for an individual to file for Chapter 13 bankruptcy if they have previously filed for Chapter 13?
What is the waiting period for an individual to file for Chapter 13 bankruptcy if they have previously filed for Chapter 13?
What is the waiting period for an individual to file for Chapter 13 bankruptcy if they have previously filed for Chapter 7?
What is the waiting period for an individual to file for Chapter 13 bankruptcy if they have previously filed for Chapter 7?
What does a debtor need to file in order to commence a voluntary bankruptcy?
What does a debtor need to file in order to commence a voluntary bankruptcy?
What type of bankruptcy case can only proceed under Chapter 7 or 11, and not Chapter 13?
What type of bankruptcy case can only proceed under Chapter 7 or 11, and not Chapter 13?
What is the requirement for an individual before filing for bankruptcy?
What is the requirement for an individual before filing for bankruptcy?
What recourse is available for fraudulently filing an involuntary bankruptcy in retaliation for other wrongs?
What recourse is available for fraudulently filing an involuntary bankruptcy in retaliation for other wrongs?
What is the waiting period for an individual to file for Chapter 13 bankruptcy if they have previously filed for Chapter 13 and want to file for bankruptcy again?
What is the waiting period for an individual to file for Chapter 13 bankruptcy if they have previously filed for Chapter 13 and want to file for bankruptcy again?
If a debtor has 500K of unsecured debt, can they be a debtor under Chapter 13?
If a debtor has 500K of unsecured debt, can they be a debtor under Chapter 13?
What is the waiting period for an individual to file for Chapter 13 bankruptcy if they have previously filed for Chapter 7 and want to file for bankruptcy again?
What is the waiting period for an individual to file for Chapter 13 bankruptcy if they have previously filed for Chapter 7 and want to file for bankruptcy again?
