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What happens to all the money that you have paid into the chapter 13 bankruptcy if it is dismissed?
Wow...you really don't get it do you?
You failed to adhere to your sworn legal promises to pay for things.
YOU asked (probably even used the term "begged" in the request, for the court to protect you from the legal actions of those you owed. They agreed and gave you specific guidelines of what they would do, which is basically appoint a trustee to handle your financial affairs, and try to resolve them because you couldn't.
That amounted to him setting up a schedule to pay YOUR debts, using the assets/income you have or would get. You paid him, he pays your debts...generally forcing the creditors to accept less, or at least less than the agreement YOU made to pay them originally.
Virtually everything you paid, goes to pay your debts. (Maybe a new idea for you?) Not someones elses. Once the case is complete, excess debts are normally discharged by the court...so you had someone else take care of your financial matters, allowed you to pay differently than you agreed and then, if even that was too much after a while, he says you don't have to pay anymore, and all those that dealt with you don't get paid anymore.
If you failed to keep YOUR agreement with the trustee, who was doing all this for YOUR benefit, he can end it at any time. Then your out fending for yourself...and the creditors can do what ever they legally want to. See what you think is yours, really isn't....you never paid for it...you did in fact promise and contract that anything you make and what you have would not be yours but the one you owe.
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Can you buy a car after chapter 13 dismissed?
Dismissed or completed? If it were dismissed, your credit report will show that you filed for bankruptcy. Obviously, if you filed bankruptcy your credit is not great. You certainly can buy a car for cash. Finding someone to lend you money; or getting a loan will be more difficult.
Can the Trustee take money after the bankruptcy is dismissed?
NO....DUHHHHHHHHHHHH
I voluntarily dismissed my chapter 13 bankruptcy when will they stop taking the money out of my paycheck and will I get any money back?
You wont get any money back, garnishment should stop the next pay period after dismissal.
When a bankruptcy case is dismissed for missed payments what happens to the money already paid into the plans?
If the court has already confirmed the chapter 13 plan then the money already paid is distributed to the creditors. Basically, since the case was not discharged, you still owe the debt, so you made payments towards the debt while in bankruptcy. If the plan was not yet confirmed by the court, the money is returned to the debtor by the trustee save for a small amount for the trustee's expenses (trustee would ask for this in his motion to dismiss). Money would not be distributed to creditors by the trustee until after the proposed chapter 13 plan is confirmed.
I need to know how to file bankruptcy.?
You need to contact a bankruptcy lawyer since you need to have one to file. Which chapter depends on how much money you have, you may not qualify for chapter 7 if you have too much money.
What happens if you get unexpected money after bankruptcy was discharged?
nothing
What happens if your bank goes to bankruptcy and you owe money to them?
You still owe money.
My fiance filed chapter 11 bankruptcy and now we want to get married can the court trustee demand more money?
Make sure that it was a chapter 11 and not a chapter 7 or a chapter 13. Many times there are no trustees in a chapter 11 and chapter 11 is almost always a larger business bankruptcy.
What can a trustee take during chapter 13 bankruptcy?
Money for your plan payment, tax refunds.
How does a client get their money back if the business files for bankruptcy?
It depends on the chapter they filed and the financial state of the company, most likey not, that is why the filed for bankruptcy, they have no funds.
If your company is owed money from a company that goes into Chapter 11 what do you need to do?
If a company goes into a Chapter 11 owing your company money, you need to submit a claim to the bankruptcy court yesterday.
Is it possible to declare bankruptcy while purchasing a home in order to reduce credit card debt without it affecting the loan approval?
No. The bankruptcy will for certain be dismissed with prejudice. The premise being, if the consumer had the money to purchase a house, they had the money to pay previous debts.
