Legal Question in Bankruptcy in West Virginia
Chapert 7 vs Chaper 13
If I file Chapter 7 Bankruptcy, how soon can I file Chapter 13? How is your payment determined in Chapter 13? At the end of the payment period, what happens to the remaining debt balance?
Asked on 9/17/03, 9:14 am
1 Answer from Attorneys
Thomas Zimmerman
Zimmerman Law Office
Re: Chapert 7 vs Chaper 13
Easy questions. 1. Anytime, unless you filed a Chapter 7 and a Motion to Lift Stay was filed by a secured creditor. 2. You are required to submit all of your net disposable income to the plan. Net income less reasonable and necessary living expenses.
Answered on 9/17/03, 5:45 pm
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