Debt and Bankruptcy
State of owing money to creditors. A person or organization is bankrupt when judged to be legally insolvent.
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Moneygreen34 [0]
removed That public administration should be restricted to only laid down rules in the discharge of their duties as espoused by max weber or should they have some amount of discretion from Debt and Bankruptcy 13 Feb 2012 01:12
Moneygreen34 [0]
added That public administration should be restricted to only laid down rules in the discharge of their duties as espoused by max weber or should they have some amount of discretion to Debt and Bankruptcy 13 Feb 2012 01:09
ID1194907030
removed Can a court order for attorney's fees in civil court be discharged in a bankruptcy from Debt and Bankruptcy 12 Feb 2012 02:28
Jimbobfrey [3]
added What do the Greek austerity measures involve to Debt and Bankruptcy 11 Feb 2012 20:29
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Refinancing after bankruptcy Many people who have filed bankruptcy know little about the process. Often times debtors are unaware...
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AnswerUnder the Fair Credit Reporting Act negative information can be included in your credit reports for seven years.However,...
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It can be but I have found that if you have good rental history you should be able to rent. My husband and I filed bankruptcy...
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You can't get it removed. It is a public record. If you file a bankruptcy and get it voluntarily dismissed the next day, it will...
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Personal bankruptcy generally is considered the debt management option of last resort because the results are long-lasting and...
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AnswerI'm not a lawyer and I can't give you anything close to a definitive answer, but I do know that your credit rating will be...
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Especially in todays and the forseeable future credit environment, probably not. The previous answer was erased as commercial...
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Bankruptcy Discrimination is illegal and you are protected under federal law U.S.C 525 You just have to proved that you are being...
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Credit cards after a bankruptcyOne can get a credit card after bankruptcy but I believe it has to be a "secured" credit card as...
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It can. Since even a quit-claimed mortgage loan continues to show on your personal credit report, it MAY get a notation...
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FHA will not penalize you. Find a FHA approved lender in your area and as long as your payment history in your chapter 13 was...
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You can refile after your bankruptcy case has been discharged by the court. I filed a chapter 7 in December, it was discharged...
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AnswerActually, It never was 7 years. Chapter 13 is 7 years, and Chapter 7 is 10 years (sometimes longer). That regulation is at...
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About 6 months ago I had to deal with the same thing. What happened to me was, that the card and all $3000 was turned over to me....
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Filing bankruptcyI may be wrong on this, but my understanding is that "charged off" simply means the creditor has written the...
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No, the forclosure will stay on your credit report for 7 years. After you will probably have to request it be removed by...
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It has always been 10 years. Some CRAs will take it off after 7. Bankruptcy has its basis in the Bible. The Bible states 7...
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You can reaffirm any secured debts you want, so keeping one house is not a problem. I would contact an attorney though and...
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Check your local bankruptcy exemptions. Find out what the vehicle exeption is (In Ohio its $1,000). Buy a car that is worth...
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Yes you can but you must include all your debts including your home (if you have a mortgage),car loans and even your borrowed...
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I worked for Direct Loans so I know a little about these things. You do have a few options. If your income is very low you could...
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One person can file a bankruptcy in a marriage. You will need to take into account the income and expenses of the parter. The...
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Yes you can, Kind of! I did exactly the same thing. I wrote letters to all three CRA's and 2 of the 3 removed them. I filed a...
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Check your divorce paperwork. Usually, there's a provision within the decree stating that any financial obligations- such as...
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Beware of this situation: You can't pay your mortgage and face foreclosure. A "lender" contacts you, offering help. First, the...
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From my understanding after filing Chapter 7, our house was not reaffirmed, but the mortgage company clearly states that as long...
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When I filed Chapter 7 and asked about my student loan, I was told by the judge that I must have paid on it for at least 7 years...
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Get a copy of your credit report from the three major credit bureaus. You can get one free copy from each per year by law. You...
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No. Not unless you all share a SS # too. The only other situation where a roomates bankruptcy would might affect your credit...
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Unfortunately, there is no way to have a bankruptcy removed from your credit report before the statute of limitations has...
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To be certain of the status of such debt you should check the state statutes if filing a state bankruptcy. If it is a Federal...
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AnswerYou should have no problems getting any type of utility in your name. Just call and sign up.Be prepared for security...
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If you filed on May 20, 1994, then the statute of limitations for that will be up on May 20, 2004, and should then be deleted...
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You can only receive DPA through FHA, and not conventional. HUD repos only require 100 bucks down
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If you have no assets, then it's a great way to get rid of debt. Chapter 7 bankruptcy is FAST, and normally pretty cheap compared...
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You do not need perfect trustee payment history to be approved for a refinance of a Chapter 13. With a dismissed Chapter 13 I can...
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The accounts affected by your BK filing should drop-off after seven years, under the normal course of business. You will want to...
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The best approach would be to work with the Creditor's attorney to come up with some kind of agreement. You can also move to...
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This answer is best explained by the process in which the collector assumes the debt in the first place. Let's say you owe the...
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To me this is a pretty easy no. Once you get the report I would dispute it and make the bureau prove that your mom filed...
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No. A bankruptcy becomes a public record as soon as it is filed. Its the same as any other type of lawsuit. Even if they are...
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Write a letter of dispute to the credit repository. Include copies of your drivers license, social security card, utility bill,...
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Yes you can start over but this does have an extreme barring on your credit. You can include the years prior to three years from...
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You need your Bankruptcy Chapter 7 to be discharged first before getting a loan to buy a house. Most lenders require two to four...
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The bankruptcy is still on your credit report atleast under "Public Records". Any filings show up there. The fact that it was...
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I don't know anything about 529 plans, and I can't cite any law or cases, but it has been my experience - in Southern Indiana at...
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You always "owe" creditors after a bankruptcy, they just can't try and collect. If you reaffirmed the debt, you can be held...
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AnswerYour bankruptcy is on your credit report 10 years. The fact of having a bankruptcy can influence whether someone gives you...
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i believe that Bankruptcy planning should be done before the final divorce decree is obtained. This way your required payment of...
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It depends on the laws in the state where you live. You need to contact your lawyer. I suggest you file Chapter 13 if you...
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Yes. Then get a letter stating the debt was satisfied and photocopy it. Get a report from each reporting agency, dispute it...
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There's lots of details that can change how that situation comes out, such as the nature of the judgment and which chapter of...
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AnswerYou can file bankruptcy on a home and all unsecured debt. You can include your home if you wish or re-affirm your home and...
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No, a cashier's check will work, too.
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Yes. The home is sold through the Sheriff Sale process if you surrender and the Trustee abandons.
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Your best bet is to file a Chapter 13 and forget attempting to "hide" the asset. It will most likely create more provlems and...
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AnswerThat depends on how high an interest rate you are willing to pay. How much cash you can put down, issues of that nature....
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Co-buyer = Name is on the title and has rights to the property. The lender will PROBABLY insist that this person also sign the...
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Yes. Foreclosure proceedings do not begin in most states until you are a number of months behind in payments. That will...
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It should not have any positive or negative affect at all. The above answer is only correct, if your landlord does NOT...
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AnswerMore to the point, the time varies. First, they have to contact you, usually by phone. Then, they have five days to send...
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AnswerI'm not sure what this question means by "bankruptcy status." Assuming it means whether your credit report has correctly...
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AnswerYes, sorry. AnswerI disagree with the first answer. If that was the case then nothing would drop off from anyone's...
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It depends on your state. Usually 7 to 10 years. It is irrelevant whether the bankruptcy is discharged or dismissed when it...
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That's a really complicated situation, and you will definitely want to see an attorney in your area about it since there are lots...
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I heard a lawyer on Talk Radio say that chapter 7 bankruptcy can be filed again after a 6 year waiting period. It used to be...
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That's an issue that has to be decided by the court, the lender and the exemption status of the property.
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No, because the co-signor is not file a bankruptcy with you and the creditor will go after the co-signor instead of you.
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a collection agency will usually take up to 30% off a debt but only if it is over $500 i once owed $5,300 on a returned vehicle...
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A bankruptcy is "on" your credit report the instant you file it and will not be removed for 7-10 years. Its a public...
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Once it is reported to the credit reporting agencies, it is very tough to have it removed. However, you can get them to mark it...
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If you are listed on the account and she files bankruptcy, you are liable for the amounts on the cards. You may be able to get...
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AnswerIt's according to how much you owe. If it's a large amount they may give you a hard time. You them need to go in front of...
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No. It is similar to your taxes, you have the option of filing jointly. However, if you have been married for awhile and have...
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My guess is that they probably can still list a repo on your credit report. Normally you get a double-hit on your credit report...
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No. But if you have equity in your home it may not be the best approach. A chapter 13 is designed for a situation where the...
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The debts which were wiped out in bankruptcy still stay on your credit report, but they should be listed as "Discharged in...
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A collection agency will say or do anything to get you to pay. They will harass you, your family, and your co-workers. It doesn't...
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Most of the time a collection agency will accept 2-3 equal payments to pay off the balance. AnswerAs of right now no they will...
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You should NEVER purchase property without FIRST getting a title opinion or buying title insurance! There could be liens that...
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You can take your personal property, anything that is not attached to the real estate such as furniture, area rugs, tools,...
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AnswerThe Fair Credit Reporting Act states that "...the statute of limitations...shall begin upon...the expiration of the 180-day...
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A Chapter 7 bankruptcy may display on your credit for 10 years from the date of filing. Chapter 13 may stay for 10 years also,...
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Follow this link for the best answer i could find. It is from 2007 but still semi valid i would...
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YOUR QUESTION MAY HAVE BEEN REDIRECTED HERE We receive many questions on this topic and have compiled the commonly needed info in...
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The Short Answer is 3 years before you can obtain an FHA insured mortgage and 5 years before you can obtain a "conforming"...
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It depends on whether your debt is secured or unsecured. Unsecured debt is when your debt is not tied to any asset. Examples are...
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Credit scores are calculated based on ALL the information in a consumers' file at the time the score is requested. Without...
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Tax liens are not wiped out by a foreclosure. They must be paid in order to clear the title to the property so that it can be...
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This simply refers to one type of foreclosure. In the http://www.answers.com/topic/united-states, there are two types of...
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When a foreclosure is conducted according to law, the debtor's right of redemption is forever barred by the foreclosure. That...
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AnswerThis would be best answered by a good bankruptcy attorney who knows Arizona law.I believe no matter what you do bankruptcy...
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The lis pendens is usually filed at the beginning of the foreclosure lawsuit. If you don't answer the foreclosure complaint, a...
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Yes converting a Chapter 13 to a 7 will further lower your credit score. It will show up on the public records section at the...
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By not making your payment to the trustee. He will see you fell behind, and file a motion to dismiss your case. OR, pay back the...
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Yes suggested revision In some ways, it is an asset. It can provide the owner a great location to relax and have fu during...
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If you can find a lender who will accept your signature, sure. Unlikely.
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The deed in lieu is pretty straightforward. In short, it means that the mortgage creditor will accept the deed of the house in...
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