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Can you lower the repayment principal for debts in Chapter 13

Can you lower the repayment principal for debts in a chapter 13 bankruptcy

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Please explain/summaries chapter 7

"Chapter 7, also called "liquidation" or "straight bankruptcy," is the process by which a debtor's assets are sold, creditors receive payment, and you are then free from your debts."


"Chapter 7 of the Title 11 of the United States Code (Bankruptcy Code) governs the process of liquidation under the bankruptcy laws of the United States (In contrast, Chapters 11 and 13 govern the process of reorganization of a debtor in bankruptcy). Chapter 7 is the most common form of bankruptcy in the United States."


"A chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13. Instead, the bankruptcy trustee gathers and sells the debtor's nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in accordance with the provisions of the Bankruptcy Code."


Apr 21, 2017 | Miscellaneous

1 Answer

In Case My Small Business Is Already In Debt, Can I Still Apply For Funding?

There is no such service that is designed to help the business repay or manage current debt or if your business is already in financial problem, so please don't apply for a business loan until you're sure the business can simply make the monthly repayments. You need to constantly assume carefully before committing to any type of credit.

Nov 08, 2016 | Computers & Internet

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My niece got a loan from me in the amount of $1200.00 Jul of last year check # 18884539, well in Oct 14 she file for Bankruptcy Chapter 13 so how do I get my money back.

I am not a lawyer and you may not like my opinion but probably you can legally kiss the $1200.00 goodbye. If you were not added to the register of people owed money when the bankruptcy was filled your only recourse will be if she values family and has the ability to express remorse and chooses to pay back the money.

Jun 06, 2015 | Computers & Internet

4 Answers

My niece has file bankruptcy and refuse to pay me for a loan of $1200.00, how can I get my money I'm retire Military From Detroit Living in Georgia and I need help

sir you are not alone unless you have it in writing and signed by her that she will repay you there is absolutely nothing you can do . NOONE is ever getting helped with money by me again I can tell U that .

Apr 26, 2015 | Computers & Internet

1 Answer

Where can I find the driver for my MG19MY monitor

X2Gen website is down. Company in US Chapter 11 Bankruptcy. Your plug 'n play monitor should not need a special driver.

Nov 28, 2009 | Computers & Internet

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Where to buy the other parts of the computer x2gen?

Effective November 16th, 2007, Computer World Solution, Inc. (trade name "X2Gen") was declared a debtor under Chapter 11 of the United States Bankruptcy Code in the Northern District of Illinois Bankruptcy Court. As of the effective date, the Debtor's ordinary course operations have been discontinued.
The bankruptcy case number is 07-21123 and further information can be obtained through the U.S. Bankruptcy Court Northern District of Illinois Electronic Filing System, ( You can view the Petition that was filed as well as the Consent which the company provided to the court.

Mar 17, 2009 | XFX GeForce FX 5200 Graphic Card

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