All About Financial Matters

Archive for July, 2008

The filing fee or an application to pay the filing fee through the plan must accompany all petitions and schedules. Petitions without one or the other will not be acknowledged. It is advised that filing fees must be paid either by cash, cashier’s check, money order, or an attorney’s firm check, that is made payable to “Clerk, U.S. Bankruptcy Court.” People wanting to file for Chapter 13 are strictly advised against tendering cash for petitions submitted by mail. Similarly, it is a rule that checks from debtors are generally not accepted.

The formal request page must contain the redacted Social Security number(s) and the county in which the debtor resides. Form 21 should contain the full Social Security number. It is expected that Schedule D should take into account full recording data page, document numbers, date and place of recording, or state ?unrecorded?- attach separate page if necessary. Pro se debtors require daytime phone number below the signature.

Documents that need to be filed with the petition include the Filing Fee, Form 1 - Voluntary Petition, Mailing Matrix - List of all creditors and Form 21 - Statement of Social Security number. Along with this Certificate of credit counseling and debt repayment plan, Form 19B - Notice to debtor by bankruptcy petitioner and Form B280 - Statement disclosing compensation paid or to be paid to a bankruptcy petitioner also need to be filed.

Documents that need to be filed with the petition or within 15 days include Form B201 - Notice to Individual Consumer Debtor A-J, Summary of Schedules, Declaration Concerning Debtor’s Schedules and Form 7 that refers to the Statement of Financial Affairs. Along with this, Form 22C - Statement of Current Monthly Income and copies of all payment advices received by the debtor from an employer within 60 days before filing the petition also need to be filed. Lastly Form B203 that refers to Statement disclosing compensation paid or to be paid to the attorney for the debtor needs to be attached.

Documents due seven days before the date first set for the Section 341 meeting of creditors require submitting to the trustee a copy of the Federal income tax return for the most recent tax year ending before filing. Documents due within 30 days or by the date set for the Section 341 meeting of creditors, whichever is earlier comprise of Form 8 that is Statement of Intention regarding secured property. Finally, the documents due before the discharge is granted includes Certificate of Financial Management Course that is required to be filed within 45 days after the Section 341 meeting of creditors.

e-chapter13.com Chapter 13 provides detailed information on Chapter 13, Chapter 13 Bankruptcy, Chapter 13 Trustee, Filing Chapter 13 and more. Chapter 13 is affiliated with bankruptcy-web.com Filing Bankruptcy.

Many folks today are facing ever increasing burdens of debt. Most people have problems with maintaining their monthly bills. With the rising costs of homes and automobiles this problem is only going to persist for the foreseeable future. Many of us are in desperate need of help.

Usually, we tried to hide the fact that we are in financial difficulty. Often our own families do not know there is a problem. More and more each day we depend on credit cards to meet day to day expenses. As the months go by the increasing balances and minimum payments continue to add pressure to the situation. You do not need to feel alone, recent studies show that as much as 75% of Americans are in the same situation.

There are options that can help, one such option is debt consolidation. For anyone that is in need of help immediately, this can be a godsend. Debt consolidation will help lower your monthly payments and give you a fresh start. Once you are on firmer ground you can work out a solution that will alleviate the problem over the long haul.

You can take advantage of several excellent options that are available online, several sites will shop your loan request to get the best offer. This works much like Lendingtree does for mortgages. By taking advantage of such websites you can save a lot of money.

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