Chapter 7 Qualifications: Credit Card and Student Loan Payments Don’t Count

January 4, 2011 by · Leave a Comment

Credit card and student loan payments do not factor in to the analysis for determining Chapter 7 eligibility.  It seems not a day goes by that I’m not trying to explain to a potential client why their payments to debts owed to unsecured creditors do not count in their budget in determining eligibility to file [...]

Filed Under: Bankruptcy Law, chapter 13, chapter 7, credit card debt, Student Loans · Tagged: , , , ,

Bankruptcy Doesn’t Affect Co-Signers’ Obligations

November 11, 2010 by · 1 Comment

The bankruptcy of one party does not affect the liability of another party, whether they be a co-signer or co-obligor on the debts. Bankruptcy discharges the obligation to pay on a debt; it does not eliminate the debt itself.

Filed Under: Bankruptcy Law, chapter 13, chapter 7, co-signers, credit card debt, Uncategorized ·

You Can Still Eliminate Credit Card Debts and Taxes in Chapter 7

February 17, 2010 by · Leave a Comment

You can still get rid of credit card debt and certain taxes in Chapter 7 bankruptcy cases

Filed Under: Bankruptcy Law, chapter 7, credit card debt, new bankruptcy laws, taxes ·