Bankruptcy Law
The US Bankruptcy Code that determines which debts may be discharged and which obligations will remain after a person or organization is deemed insolvent
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Ten TibiasYou may discharge medical bills that are accrued up until the day your case is filed in either chapter.
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I'm not a lawyer but I would say no unless the orthodontics are correcting something life-threatening. After all, you'd be...
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It is not necessary for both spouses who do not reside in a CP state to file bankruptcy if there are no joint debts. If there are...
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A person within the U.S. illegally has limited legal rights therefore, a bankruptcy petition is not possible. Persons found...
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Some of the debts that cannot be discharged in a bankruptcy are, income tax arrearages (depending upon the time frame), child...
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No. They are 2 entirely independent entities.
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When you file for bankruptcy, you are protected by the "automatic stay" which prohibits creditors from taking action to collect...
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If the Chapter 7 debtor was just a co-signer for credit purposes, you should be ok if you continue to make the payments. If the...
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Inform your attorney of the error and he/she will file a "Motion of Amend to Correct", there will be some fees involved but they...
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That would not be an advisable action. Although bankruptcy codes define the definition of BK fraud as a filing made within 60...
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If the court dismissed your Chapter 7 bankruptcy, it has the same effect as if the case had never been filed. The creditor is...
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The discharge prohibits any attempt to collect from the debtor a debt that has been discharged. For example, a creditor is not...
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he was playing Monopoly
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Notarizing a promissory note does not give the lender any special protection if the borrower files for bankruptcy. The debt...
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When it pertains to a chapter 13, the trustee receives the payment amount stipulated in the approved BK, and disburses the funds...
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My bankruptcy clients have seen prices ranging from $30-$50. You should check with the local United States Trustee's office for...
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As many times as you can fit in...but you have to wait specified time limits....HEY - FILING BANKRUPTCY ALOT...NOT PAYING BILLS,...
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According to Wkipedia, he was born on 10/20/1949. Another source says he graduated with a B.A. in 1971 from DePaul University so...
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If the someone files a chapter 7 and the case is dismissed, the automatic stay is terminated and the legal effect is the same as...
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The new bankruptcy laws have nothing to do with the length of time a debt or bankruptcy remains on a credit report. BK info, as...
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The answer depends on the context. If you properly listed the debt in your bankruptcy, then the bankruptcy cour will have a...
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A Chapter 7 bankruptcy will remain on the credit report for the requrired ten (10) years. There are not options for having it...
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Any type of bankruptcy will remain on a credit report for the required ten years.
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It is very important that the BK participants contact the bankruptcy trustee as soon as possible when they experience changes...
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they would get there hands or feet cut of or there eyes would be pulled out and if bad enough they would get hung of thrown of a...
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No. People file banktruptcy when they have debts they can not pay back. It is a way for the courts to determine what assets an...
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well, first of all who are you? Are you a debtor or a lender or a repo agent? If you are a debtor, it's probably in your mailbox....
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Certain tax obligations are dischargeable or can be somehow managed in bankruptcy. The primary relevant factors are the age of...
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Yes, but judgment LIENS will remain in place unless you file the appropriate motion with the bankruptcy court. You definitely...
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Technically you should inform your trustee or the court that you received the raise so they can adjust the figures. I think it...
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In most cases. yes.
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No, credit card debt is always considered "unsecured" regardless of what legal action may have been implemented in the collection...
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Judgment liens survive a bankruptcy unless you file a motion to remove the liens under section 522(f) of the Bankruptcy Code. ...
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Satisfied means it's paid and there is no debt. What would you be wanting to list...all the bills you've ever paid?
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Discharge indicates that the Chapter 13 terms have been fulfilled as agreed. Dismissal means the bankruptcy was dismissed because...
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Your options will vary from case to case. You might be eligible to refile another Chapter 13. You might consider filing a Chapter...
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The chapter 13 debtor is entitled to a discharge upon successful completion of all payments under the chapter 13 plan. The...
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An inheritance is an asset. When you file for bankruptcy, you will need to list your assets & liabilities. It will be subject...
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It depends upon how the property is titled and the homestead exemption allowed. In community property states the home of a...
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That is completely relative to the facts surrounding the bankruptcy. In a Chapter 7, the money you might use as a downpayment...
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No, it would be a nonpriority, unsecured debt.
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A contingent claim is based on a possible future event. For example, the liability of a cosigner on a promissory not might be...
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If you are referring to a Chapter 7 bankruptcy, you are stuck with debts incurred after filing the bankruptcy unless your case is...
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Yes. It will get them to stop calling. Otherwise, the court will let them know when you file. Speak with an attorney about your...
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Whether or not a home is forfeited depends on the state or federal homestead exemption, and if the lender is willing to reaffirm...
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Perhaps, many judgments can be discharged in bankruptcy. The ones which are allowable are determined by state and/or federal...
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Per changes to the statute last year, the tax credit is exempt from seizure by the bankruptcy trustee.
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The exact procedures will vary by the rules of your local bankruptcy court, but a Chapter 13 debt can voluntarily dismiss a...
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No. Section 523(a)(5) of the Bankruptcy Code prohibits debtors from receiving a discharge of spousal and child support...
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The short answer is yes...but you'll have to really have some major cause of action against his own actions...like malfeasance,...
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It depends on whether the company closes its doors forever or continues to operate while in bankruptcy. If the company continues...
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If you have filed for bankruptcy as an individual, rather than as a couple, then you are only filing on your personal debts. ...
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You cannot convey property to avoid creditors. The court can nullify the conveyance. You should consult with an attorney.
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Once the bankruptcy is filed the automatic stay will halt the garnishment action. However, monies taken before the bankrupcy was...
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No, the issue has nothing to do with the possibility of criminal charges being brought and the person(s) facing prosecution. It...
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Each Chapter 13 planis different. I have seen Chapter 13 plans pay nothing to unsecured creditors and I have seen plans that pay...
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All ERISA qualified accounts are protected in a BK- meaning creditors cannot seize those accounts.
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While participating in a Chapter 13, all major financial transactions must have the approval of the BK trustee before they can be...
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It depends on how the home purchase will impact your creditors. If you you payment will be doing up, then you will have less...
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Creditors can resume collection procedures against the debtor(s) including lawsuits to recover monies owed.
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Under the bankruptcy laws effective from October 17, 2005, Chapter 7 cannot be filed unless the debtor was discharged from the...
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Absolutely YES. It is not pick and chose what you have or who you owe that you want to disclose...everything is included. They...
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You don't need to finance while under bankruptcy. The BK 13 participant may make financial transactions with the...
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Check the FTC.gov website, its got areas to file complaints like this.(Federal Trade Commission)
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Yes, such loans are considered to be unsecured creditors. BK is always done under FEDERAL Laws, in a Federal Bankruptcy Court....
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A chapter 7 can remain on your credit report for up to 10 years after the date of the discharge. It will drop off after that...
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The trustee will look at your entire financial situation based on the information that you provided in your bankruptcy filing and...
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The card holder is under no legal obligation for the card holder to continue making payments after filing for bankruptcy, unless...
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Unless a secured lender has received a "lift of stay" on a debt included in bankruptcy, they must wait until the BK has been...
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If the case was dismissed without prejudice, you can refile at almost anytime after you get the credit counseling. However, you...
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Presumably your talking about a credit in a general trade or deposit type account, (not a payroll matter, rent deposit or...
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I believe you are speaking of USABANKRUPTCYASSOCIATES.COM. They seem to be a legitimate business; however, I have tried using...
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A stay is like a legal "hold" placed for a purpose. If the party that is "held" objects to the "hold" placed on it by a court,...
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A bank account can usually only be held for thirty days from the time it is secured. The joint account holder should contact the...
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You can only keep the vehicle under two circumstances: (1) sign a reaffirmation agreement and keep making payments; or (2) redeem...
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Yes, they are two separate legal issues.
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The quick answer would be no. Any money received prior to filing would not be included in your bankruptcy estate and this, not...
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While a Chapter 7 filing stays on your credit report for 10 years, it's important to remember that after filing for bankruptcy,...
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Under the changes to the bankruptcy law, a debtor can refile his Chapter 13 case. You will have to provide the judge a good...
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You can add creditors anytime before the discharge is entered.
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There are actually two classes you need to take. There is a credit counseling class that you must take within the 6 month period...
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You can file bankrupcy and still keep what you want to pay for. This stops the harrasement and keeps them from taking everything...
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You don't file bankruptcy "on" anything. You file bankruptcy to get the protections bankruptcy offers. If there is no equity in...
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A basic, rough primer: BK is always done under FEDERAL Laws, in a Federal Bankruptcy Court. Basically State makes little...
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If the Bankrupt company is just the retailer then the warranty is still covered by the manufacturer. If the manufacturer goes...
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I can't answer this question directly since I do not do appellate work, and I'm not well versed in the details of appellate...
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Yes
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You can convert your Chapter 13 fo a Chapter 7 if you are eligible for a Chapter 7 discharge. In most cases, you can turn the...
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This is an issue that you need to discuss with a qualified attorney and no one else. If the equity in the home was erroneously...
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Debts incurred after a bankruptcy is filed cannot be added to the BK and therefore would not be discharged. Any debts not...
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Visit the Bankruptcy Action website for an explaination of the new bankruptcy reform and a guide to determine what is needed to...
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All the fees have to be covered before a timeshare can be sold.Or they can be taken out from the sale proceeds. But if your...
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