A debtor in possession or DIP in America bankruptcy regulation is someone or corporation who's got submitted a bankruptcy petition, but remains in possession of house upon which a creditor features a lien or comparable protection interest.The means test is needed for individual bankruptcy filers who generally have client financial debt. For those w

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Nonetheless, if you want to hold your house while in Chapter thirteen, you have to proceed building your ongoing mortgage payments as they arrive thanks, both by earning your typical payments directly to your lender beyond bankruptcy, or on the individual bankruptcy trustee as element within your repayment approach.With interest costs over the oper

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