Sunday, December 19, 2010

A home store bankruptcy

Filing bankruptcy automatically invokes the judgment of the in section 362 bankruptcy code procedures. The residence is similar to an interim injunction and applies to all complaints about all the chapters. Apply the provisions of article 362 (a) (5) prohibiting creditors privileges, including the privileges of the mortgage. To ensure the protection of the automatic stay, each owner must satisfy all legal requirements files while your case is pending. Otherwise, file can creditors objections and try to lift the suspension or alternative may request dismissal.Difficulty: ChallengingInstructionsThings you need: PetitionBankruptcy SchedulesFiling FeeNotice letter future PaymentsMinimum Requirements1Chose bankruptcy filing Chapter bankruptcy accordingly. In Chapter 7, owners must provide all current mortgage payments to save their home. In chapter 13 owners can past because the mortgage payments in the plan without immediate payment 2Prepare necessary documents contain. In chapters 7 and 13, owners, creditors must their homes and mortgages in bankruptcy, the following lists list: list of creditors, calendar of property, property claimed as of free and the memorandum of understanding on property. 3File received a petition. To access the automatic stay, file a petition for emergency aid and related attachments with the clerk of the Court of bankruptcy in your federal district 4Pay tax filing. All cases require a registration fee unless State level, an owner of less than 150% of poverty. 5Send deserves opinion letter Mortgage Corporation. Any creditor must get actual notice of the deposit before the automatic suspension judiciously wirdve. 6Chapter 7 deposit. If the submission of this chapter, all past due payments current bringas soon as possible and no later than 30 days after the deposit of the filing. 7Chapter 13. If the filing Chapter 13, all pending payments submitted proposed payment plan with the Court. Make a payment plan estimated at pregrowth Attribuéee 30 days of the meeting of the filing 8Attend of the 341. Who must visit a meeting files with their creditors. The trustee manages the session. Error attend the meeting of dismissal 9Attend all hearings. Each creditor may file opposition. Visit any contested case hearings and defend your home. 10Make all future payments. To maintain residence owner must keep all current payments. In Chapter 7, make future payments directly to the mortgage company. Assigned in chapter 13, payments to the trustee.

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