Once you file a bankruptcy scenario the automatic continue to be of Section 362 of the bankruptcy code is invoked halting all selection action.
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Throughout the first 30 days within your submitting, It's important to get started creating repayments to the trustee. This really is correct whether or not the court docket hasn't nonetheless accepted your prepare (this usually happens through your affirmation Listening to).
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As mentioned previously mentioned, if the worth of your tax refund exceeds the exemptable limitations offered, then the Chapter 7 Bankruptcy Trustee usually takes the unexempt percentage of the refund.
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