Tag Archives: Chapter 7 bankruptcy
Refinancing in Bankruptcy
Posted on 31. Mar, 2009 by emmettjones.
Refinancing is generally defined as a replacement of an existing debt with a new debt that has different (usually better) terms. People use refinancing or a “re-fi” for a myriad of different reasons; using extra money to pay off credit card debt, turn adjusted rate mortgages into fixed rate mortgages, consolidation of loans, etc. But [...]
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Bankruptcy and Cosigners Liability
Posted on 25. Mar, 2009 by emmettjones.
Because every situation is different, and certainly some are more complicated than others, not every bankruptcy is cut-and-dry. This post looks at the liability of the cosigner if the primary borrower files for bankruptcy. Co-signers and Chapter 7 Bankruptcy Chapter 7 debtors who file for, and complete their bankruptcy proceedings typically have all of their [...]
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341 Meeting
Posted on 12. Mar, 2009 by emmettjones.
The bankruptcy meeting of creditors, (sometimes called the “Creditors Meeting” or “341 Meeting”) is a meeting that occurs between the debtor(s), their attorney, the bankruptcy trustee, and the creditors of the debtor(s). The meeting occurs approximately 4-6 weeks after the debtor(s) petition has been filed, and it is primarily used to determine whether or not [...]
