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Mere Retention of Property of the Estate Does Not Violate the Automatic Stay

Consumer Financial Services Law

19-357, resolves this split in favor of the creditor. Background The case arose from four separate chapter 13 bankruptcy cases in which the debtors sought to regain possession of their vehicles from the City of Chicago, which had seized and impounded the vehicles prepetition due to unpaid parking tickets and similar traffic fines.

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What Happens If I Get a Job After Filing Chapter 7?

Sawin & Shea

Fortunately, most of those who file bankruptcy are able to keep all of their possessions. This form of bankruptcy differs from Chapter 13, which involves the evaluation of your current income to construct a three-to-five-year debt reorganization plan. Will The Bankruptcy Court Publish My Filing?