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Texas Chapter 13 Agreed Order Conditioning Automatic Stay (Vehicle Insurance) (Houston)

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Texas
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TX-O-402
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Chapter 13 Agreed Order Conditioning Automatic Stay (Vehicle Insurance) (Houston)

Texas Chapter 13 Agreed Order Conditioning Automatic Stay (Vehicle Insurance) (Houston) is a legal order that is issued to protect a debtor’s vehicle from being repossessed by an auto lender. The order requires the debtor to maintain liability insurance coverage on the vehicle in question and to provide proof of insurance to the lender. Additionally, the order prohibits the lender from taking any action to repossess the vehicle, so long as the debtor is making the required insurance payments. There are two types of Texas Chapter 13 Agreed Order Conditioning Automatic Stay (Vehicle Insurance) (Houston): a temporary order, which is valid for a set period of time, and a permanent order, which is valid until the debtor’s Chapter 13 bankruptcy is completed.

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FAQ

Automatic Stay -- Immediately after a bankruptcy case is filed, an injunction (called the "Automatic Stay") is generally imposed against certain creditors who want to start or continue taking action against a debtor or the debtor's property.

Now the Bankruptcy Code provides that the automatic stay is terminated if a debtor fails to (1) file a timely statement of intention with the bankruptcy court to reaffirm, redeem, or surrender property, AND (2) take timely action to perform the stated intention.

What are the exceptions to the automatic stay under 11 U.S.C § 362? Establishing paternity; Establishing or modifying domestic support obligations, including child support and alimony; Child custody or visitation matters; Divorce proceedings; Domestic violence matters.

Because of the duration of the court case, a Chapter 7 automatic stay often lasts for three to four months. In contrast, the automatic stay remains effective on Chapter 13 bankruptcy cases throughout the duration of the debtor's repayment plan, assuming they comply with the terms.

Generally, the stay automatically terminates on the earliest of: The case being closed or dismissed. The time a discharge is granted or denied.

Civil cases involving family or domestic issues - Most family court proceedings cannot be halted by the automatic stay, including child custody and paternity cases, as well as divorce cases addressing issues other than the division of marital property.

Automatic Stay -- Immediately after a bankruptcy case is filed, an injunction (called the "Automatic Stay") is generally imposed against certain creditors who want to start or continue taking action against a debtor or the debtor's property.

More info

Minimize the risk of using outdated forms and eliminate rejected fillings. Chapter 13 Agreed Order Conditioning Automatic Stay (Vehicle) (Houston) Form.This is a Texas form and can be use in Bankruptcy Court Federal. Chapter 13 Agreed Order Conditioning Automatic Stay (Home) (Houston) Form. This Court has constitutional authority to enter a final order regarding relief from the automatic stay. A creditor or lienholder can continue in possession of the vehicle unless and until a bankruptcy court orders it be turned over. Chapter 13 case is vested in sound discretion of Bankruptcy Court. The exemption from involuntary bankruptcy also prohibits a farmer who has voluntarily commenced a Chapter 11 or Chapter 13 proceeding from. If the alien fails to post the bond, the alternate order of removal takes effect. See also Chapter 13, Voluntary Departure.

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Texas Chapter 13 Agreed Order Conditioning Automatic Stay (Vehicle Insurance) (Houston)