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Topic	anyone here ever file for bankruptcy?
Cornhuskers 12/12/20 9:57:24 AM #28:	You can skip post #22 and #27, but I archived them below the video if anyone wants to read. INSTEAD, watch this video. He's a bankruptcy and a social security disability attorney. Sharp guy. He mentioned even the finer points of how the process works. Including the "5 year plan" and how the trustee gets paid. https://www.youtube.com/watch?v=12bVbJCoo6Y Differences Between Chapter 7, Chapter 13 and Chapter 11 Bankruptcy 14,713 views // Sep 1, 2016 . =============== Post #22 from me: I didn't know about the 5 year deferral on student loans. Can you provide a link to a good source on that? My BK7 disappeared about 7 years after filing it. But Pacer.gov will forever have it on file. So... has @_BlueMonk decided if he's going to PM me or not? Not only did I go thru it, but I'm familiar with how to find the ins and outs of protecting your assets. If you live in pro-creditor states like Tennessee and most of the South, the bankruptcy trustee is going to want their FEE and to SELL whatever of yours they can to make more money. If you live in a pro-filer state (Connecticut, other blue states) you get to keep a lot. In Florida, you just sell everything you have and pour that money into your homestead. Homesteads are nearly 100% protected in bankruptcy, in Florida. . Post #27 from me: @pres_madagascar posted... I did in July, was discharged officially in October. Chapter 7. You filed it in July, the judge approved the app, trustee looked everything over, (took whatever the trustee was able to), trustee said the case was closed, judge said the case was closed, officially discharged in October. It will take about 7 years to disappear off your credit Report. In the meantime, the BK7 applicant can open up some secured credit cards to rebuild credit. Important note! In another post for Chapter 13 I forgot to mention you are on a payment plan. Until enough of the debt is paid off, you continue making payments. (Maybe you're only going to pay 30% of the total debt off... or maybe 10%... or even less. But you do pay back what you owe just a very, very small amount of it.) --- https://www.youtube.com/watch?v=Hu3GJbhtGno Brother. Uncle. Engaged (soon!). Veteran. Born in Nebraska, heart in #ATL. Let's go Jon & Raphael. <cite>Cornhuskers posted [p:948241924] in anyone her... [t:79168536]...</cite> <quote>You can skip post #22 and #27, but I archived them below the video if anyone wants to read. INSTEAD, watch this video. He's a bankruptcy and a social security disability attorney. Sharp guy. He mentioned even the finer points of how the process works. Including the "5 year plan" and how the trustee gets paid. https://www.youtube.com/watch?v=12bVbJCoo6Y Differences Between Chapter 7, Chapter 13 and Chapter 11 Bankruptcy 14,713 views // Sep 1, 2016 . =============== Post #22 from me: I didn't know about the 5 year deferral on student loans. Can you provide a link to a good source on that? My BK7 disappeared about 7 years after filing it. But Pacer.gov will forever have it on file. So... has @_BlueMonk decided if he's going to PM me or not? Not only did I go thru it, but I'm familiar with how to find the ins and outs of protecting your assets. If you live in pro-creditor states like Tennessee and most of the South, the bankruptcy trustee is going to want their FEE and to SELL whatever of yours they can to make more money. If you live in a pro-filer state (Connecticut, other blue states) you get to keep a lot. In Florida, you just sell everything you have and pour that money into your homestead. Homesteads are nearly 100% protected in bankruptcy, in Florida. . Post #27 from me: @pres_madagascar posted... <quote>I did in July, was discharged officially in October. Chapter 7.</quote> You filed it in July, the judge approved the app, trustee looked everything over, (took whatever the trustee was able to), trustee said the case was closed, judge said the case was closed, officially discharged in October. It will take about 7 years to disappear off your credit Report. In the meantime, the BK7 applicant can open up some secured credit cards to rebuild credit. Important note! In another post for Chapter 13 I forgot to mention you are on a payment plan. Until enough of the debt is paid off, you continue making payments. (Maybe you're only going to pay 30% of the total debt off... or maybe 10%... or even less. But you do pay back what you owe just a very, very small amount of it.) --- https://www.youtube.com/watch?v=Hu3GJbhtGno Brother. Uncle. Engaged (soon!). Veteran. Born in Nebraska, heart in #ATL. Let's go Jon & Raphael.</quote> ... Copied to Clipboard!
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