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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Thylawyer
It means that the case is dimissed HOWEVER - the plaintiff is allowed to re-file the charges.
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Collection agencies can't add charges. Fees and interest charged to your account are per the terms of your contract with the...
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Some laws prohibit you from opening another business or possibly getting a license after you file bankruptcy. Louisiana has...
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If it occurred before Dec.31st of the year in question. In some cases the amount can be distributed over a specified period of...
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If he is not on the account he is not responsible for the debt, even if he made charges. If the charges were made without the...
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I am not aware of any age restriction on bankruptcy relief. As a practical matter, I would be surprised if many minors need to...
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Chapter 7 bankruptcy has always been displayed for 10 years. There have been no changes in the Fair Credit Reporting Act which...
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If creditors believe the person is trying to remove funds from accounts to keep them from bankruptcy proceedings; creditors can...
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The question is impossible to answer without more details about what you are trying to accomplish. If you are trying to...
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Contact the credit bureau that has the incorrect information about the bankruptcy. They will contact whomever they need to in...
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While in a Chapter 13 debt repayment, the person(s) involved must have the permission of the assigned trustee before making major...
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It will show up as both. If the bank auctions off the car, they may come after you for a deficiency judgment. Any chance of...
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Try to keep your payments from falling more than 90 days behind. Our mortgage company will not do anything until that point. ...
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There is no legal waiting period, so theoretically you could buy a new home the day after the Chapter 7 is closed. However, every...
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It actually depends on your state, as the foreclosure laws are set by state. There are actually companies that will work with you...
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A LOT, but how much your score dives also depends on how high or low your scores were before you filed. Because the FICO scoring...
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Last I checked you can't make any large purchases once you file bankruptcy. Usually when you file Chapter 7 bankruptcy they take...
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AnswerThe same wasy youstart building good credit for the first time. If you can, get a couple credit cards, secured or...
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Yes, but do you want to. If your spouse is signed with you on any loan or credit card and he/she doesn't file for banruptcy,...
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Yes. Putting credit cards into debt settlement does not make those debt non-dichargeable in bankruptcy. You can list all credit...
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The bankruptcy will still be reported on your credit file for up to ten years however, it will denote that the car loan was paid...
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The 2007-2008 poverty threshold was measured according to the HHS Poverty Guidelines[17] which are illustrated in the table...
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You think that you are bankrupt in one state and decide to live in another state, you will still be bankrupt. Of course. YOU are...
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A Chapter 7 trustee must receive a copy of your most recent bank account, some require the past 2 or 3 months. They cannot go...
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no
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Send a written request asking that the debt be validated, if you have any doubts it is legitimate. Check to see how the SOL for...
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Bankruptcy will knock your credit score down by 75 to 150 points, depending on the case. However, it usually only affects your...
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This question is so fact-specific that it defies an easy answer. Under most circumstances, I would say "yes," you can buy a new...
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Charges for bad checks are only acted on if the merchant/person receiving the check files a complaint with the authorities. Even...
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No. What will happen is all the defaulted accounts listed in the bankruptcy will be marked as such.."included in bankruptcy". The...
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No, the IRS will get to keep it. And, even if you could get it back, the bankruptcy trustee would probably take it to distribute...
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Chapter 7 might not be for you. A chapter 13 stops foreclosures and repossessions. Filing both of these petitions are releif of...
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No, Virginia is not a community property state and therefore the non-debtor spouse cannot be held responsible. The business...
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If they are valid debts, there seems little point in argument. However, any discrepancies found in a bankruptcy filing,...
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Any nonexempt property that you own becomes part of the bankruptcy estate. If there is enough equity in your house to pay off...
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If the judgment was not perfected as a lien against the property (which is almost impossible in Florida), the property is not...
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I am not a lawyer. If you have a “Trustee” of your chapter 13, which is usually a lawyer, you need to talk with him/her. His/her...
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I had a 670 score the month before it dropped off, and when it dropped off it went up about 50 points. In that period (ten...
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my grandparents lost theirs and it took a year before it went up for auction.
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Filing fees and other court costs are not refundable. The refunding of fees paid to an attorney would depend upon the type of...
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You could probably get a loan somewhere the same day, but the interest rate you will pay will be extremely high.
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A collection agency, or any party, can only freeze your bank account IF they have sued your first and won a judgment against you....
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If a conforming lender (better rates) is used, usually about 2 years. If a non-corming lender is used (not so good rates), one...
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Your house is in forclosure, this means you do not pay your mortgage. Unlikely a bank would take such a risk!
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Yes, all creditors have the legal option of filing a Motion for Relief From Stay to allow them to be excluded from the bankruptcy...
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Notice should have been given to the homeowner by the mortgageholder letting them know that the balance on the mortgage had not...
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With a higher interest rate. You will able to purchase a home with a subprime mortgage. What this means is your rate will be...
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Any debt that does not have collateral property attached to it, (credit cards, personal loans, pay day loans, etc.). Secured...
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What your asking isn't entirely clear: If it something like: If you owe $100 on a $100,000 house, do they still take the...
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Probably not. Once the loan is out of compliance, you would need to either refinance it or just pay it off.
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"Debt Management" is a process to deal with, or 'manage' existing debt by paying it off, and also not incurring any new debts in...
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Sometimes this things happen. Sometimes people enter into hardship and are unable to keep up with their mortgage payments. In...
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More than likely you will get normal rates. Your credit score and debt-to-income ratio are the most important things when...
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Company Letterhead (Centred and includes all contact details e.g. address, fax, email, phone, website) (One blank line between...
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Yes, you can submit to the lender a document called a deed of foreclosure. no
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AnswerRural banking is the process of conducting banking transactions out in the country where bank branches are too far away to...
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10 days
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My advice would be Get a Lawyer instead of asking Educated / 1/2 Educated and People who think they know what they are talking...
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Defaulting on student loans is like defaulting on any other type of loan. Derogatory entries will be placed on your credit report...
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A basic, rough primer: BK is always done under FEDERAL Laws, in a Federal Bankrutpcy Court. Basically State makes little...
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They sold off amounts of the Catholic Church which owned 10% of the land in France.
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If it has any equity, the trustee may take it and sell it at auction. If there is little or no euity, the trustee will leave it...
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tottenham are not in debt they are a very wealthy club
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Not for free, exactly, you can sign up for access to PACER, which is free,and you can look at your case there. PACER charges .08...
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The new bankruptcy law requires that you list the original credit. However, I recommend reporting both. It doesn't cost you any...
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How a home is handled in bankruptcy depends on the type of BK filed, state or federal or a combination of the two. In chapter 7,...
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Identifying the TYPE of student loan is crucial to getting an answer to your question. Federally guaranteed student loans have...
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Normally, you can pay off the Chapter 13 early by selling something BUT you need to get permission from the Bankruptcy Court...
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I believe the courts stamped/file date of the debtor's petition would be the date that any action would be based upon. For...
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You should wait until your refund is received and be sure to spend it on necessities or items that would be exempt anyway. Never...
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Federal law prohibits employer's from using bankruptcy as a reason for not hiring someone. The law does not, however, keep the...
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Yes it's true. However with the new bankruptcy reform it will be more difficult for consumer's to file a chapter 7. If the debtor...
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AnswerI believe you can if you are not thinking of filing bankruptcy before you get the new loan (hint-hint), or if some other...
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I'm not positive but I believe any debts incurred after the FILING date can't be added to your current petition. If you have...
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Aside from the bankruptcy remaining on your credit record for 10 years, your score may drop significantly. Hard to say with...
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"How long do you have till an eviction is off of your credit?" i am looking for an apartment but i have an eviction that's about...
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Yes, but with new bankruptcy laws having been implemented it may prove somewhat difficult. The involved parties will need to...
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If the creditor reports false information then all you need to do is dipute this with the 3 major credit bureaus, experian,...
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I think there's some kind of amendment you can file for up to a year after you're discharged. There's a fee for filing an...
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Yes, and depending upon the amount, the use of a cell phone or a credit card after a BK filing can result in an automatic...
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Yes. Some judgments can be discharged in bankruptcy. Judgments that have been perfected into property liens cannot as the...
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No
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The answer depends on who the creditor is and the status of the debt. If the debt was a student loan or other non-dischargable...
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You can contact Equifax and tell them you wish to see a copy of your credit report..If you disagree with anything on the report,...
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The conversion fee the court charges to convert Chapter 13 to Chapter 7 is $25. Your attorney may charge you additional...
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Maybe but not normally. Generally speaking, you can keep your home during a Chapter 7 case so long as you "reaffirm" the debt to...
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My ex boyfriend & I bought a house in 2005 the mortgage was in his name but the deed was put in both our names, I moved out...
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Since his debt is tied to his assets (which you both share), his debt is your debt unless a court rules that it is not. Creditors...
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