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  • Chapter 13 Business Report Short Form

Get Chapter 13 Business Report Short Form

CENTRAL DISTRICT OF CALIFORNIA - RIVERSIDE DIVISION IN RE: ) ) ) ) ) ) Debtor(s) CASE NO. CHAPTER 13 BUSINESS REPORT (Short Form) DATED: NATURE AND NAME OF BUSINESS: AVERAGE MONTHLY INCOME: Gross.

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Chapter 13 bankruptcy This bankruptcy type allows people with regular income to develop a repayment plan for part or all their debt. Chapter 13 bankruptcy is typically removed from your credit report seven years after the date you filed, and this is done automatically.

A stipulation in Chapter 13 bankruptcy law states that you, as a debtor, are not allowed to increase any debt without receiving the permission of your bankruptcy trustee. If you do apply for a credit card, your bankruptcy payment plan will be canceled and the bankruptcy proceedings will be stopped.

This chapter of the Bankruptcy Code provides for adjustment of debts of an individual with regular income. Chapter 13 allows a debtor to keep property and pay debts over time, usually three to five years.

Also do not not incur debt, use credit, credit cards, or enter into leases while in Chapter 13 without Bankruptcy Court approval, except in the case of an emergency for the protection and preservation of life, health or property. Contact your attorney if you need to sell property or incur debt.

Chapter 13 bankruptcy is exclusively available to individuals and sole proprietorships. When you file, you are asked to come up with a repayment plan that must be funded over three to five years by a regular, steady income. After that time period, if you're up-to-date with all your debts, the rest will be erased.

Although a Chapter 13 bankruptcy stays on your record for years, missed debt payments, defaults, repossessions, and lawsuits will also hurt your credit and may be more complicated to explain to a future lender than bankruptcy.

How much your credit score increases after a bankruptcy is removed from your credit report depends on a number of factors, but many people report increases ranging from 30 to 100 points.

Is It Possible to Qualify for Consumer Debt While in a Pending Chapter 13? Yes. Credit cards, vehicle loans, and even residential mortgage loans can be obtained during a chapter 13 case.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232