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Debt and Bankruptcy

Parent Category: Personal Finance
State of owing money to creditors. A person or organization is bankrupt when judged to be legally insolvent.
if you are asking about the limit a creditor can put on agarnishment, it is a percentage, depending on the state you livein, not the state the creditor is in po rnhub.com FU CKKK YAA
No. It is not in the country's (Philippines) jurisdiction shouldsomeone have unpaid debt in the other country.(United Kingdom). However, you can be sued in the United Kingdom. The other partywould just need to know where you are to serve the papers on you.
Contact the collection agency that is doing the garnishment, .I would also ask them to email you all the documents as we'll. Keep for your records.
You will need to work with the financial institution to work out a settlement where you retain the vehicle and become current on your payments. Each loan institution is going to be different but the only way is calling until you get to the correct employee.
Depending on what state you are in you can file for title based on abandoned vehicle laws,but in West Virginia you can only re-title if your a state trooper or a auto repair business owner
well i think that the foreclosure sale will be on about the 25 ofmay.
Most likely you will. You need to notify your insurance company ofthe move immediately so that they can change the garaging address.Ask your agent about whether or not your company even does businessin your new state. If you are an adult, you need your own insurancein your name. You vehicles should...
i am 65yrs + live Nevada consindering walking away from my mortgage .the house is way upside down and i connot retire and continue to make house payments. i have good credit and i am still working full time but soon working will have to end the credit i do not care what rating i but would not want a...
Definitely. If the buyer change his/ her decisions or suddenly vanish, one can make an application to the court to cancel the sales contract. The liens will still exist unless you terminate the lien contract by notifying the other party to the contract. Any forms of notification is accepted as long...
No, but if you file bankruptcy you are willing to give up important things. Such as cars , money , boats, or anything value. That would help not having a foreclosure but it would take 2 years to get out the house if you recieve a foreclosure.
The estate must repay the loan before assets are inherited.Otherwise, only if they cosigned.
It would depend on local law; generally repossession is done afterforfeiture on the loan on that car, or as part of a general claimon a person's property (to pay of debts or a fine, for instance).If such laws are not in place locally, or the rules aren'tfollowed, repossession would still be theft....
You would normally receive a notice from the financial managementservice (FMS) advising you of your refund garnishment.
I don't think that's possible if it's already foreclosed on and it's still inside the resident
Estimating the time it will take to pay off the national debtdepends on future revenues and expenses--not just the currentamount owed. If expenditures are productive--that is, they grow theeconomy and generate better-paying jobs, then tax revenues willrise faster. Projections are largely hokum....
Yes you, can. When a house gets foreclosed, it is based on the house itself, not its personal furniture and items.
One common misconception that homeowners can have during a foreclosure situation is that they can somehow transfer ownership of a property and that this will stop the foreclosure. Nothing could be further from the truth, and simply signing over the deed to the house to a third party will put the...
Most lenders would only give you an auto loan if they are the lien holder until your car is paid off. This way you cannot sell the car or do anything legally without their consent.
No, collection agencies do not have any right to freeze yoursavings account. Only banks have the right to freeze your accountbut depends on the nature of the default.
It depends on the state in which you live. Yes in Illinois,Indiana, Iowa, Kentucky, Louisiana, Rhode Island, West Virginia andWyoming.
no becuase bank charge when transaction is done. your process onthrough debit card. if this process happen with through check thenbank charge it.
Bankruptcy only impacts your credit for 7 years. Contact Experian,Transunion, Equifax to get it removed from your credit report.Addresses and phone numbers to all 3 are avail. on internet,
No. Medicare might provide payment for the first 20 days and partof the next 80 days of care in a nursing home, which usuallyresults in a contribution by you of about $151 per day for the 80days in central New York.
Laws and regulations regarding debt inheritance differ by country.In most cases, a debt will become part of the inheritance and willeither be settled from the inheritance first, or paid by theinheritor(s). There are also countries where significant debts(such as a mortgage) is coupled to a life...
If it was not you it is not your business. If it is not yourbusiness you cannot find out about the situation. Privacy laws aretaken seriously and everyone privacy must be protected. Don't thinkyou can find out some else's financial business.
The statute of limitations for being sued for a debt, in Maine, is6 years in all forms. However, a debt itself would not have asimilar expiration.
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If you have good credit, you can apply for a balance transfercredit card with a 0% intro period so you can save on interest forup to a year and a half. You can also work with a debt settlementcompany to help you negotiate with your lenders to pay off yourdebt for less than you owe.
Not possible if it is coming from bankruptcy court (it probably is)
It depends on local legislation A basic, rough primer: In the US, BK is always done under FEDERAL Laws, in a Federal Bankruptcy Court. Basically State makes little difference. (Yes the BK Courts operating in certain areas have certain special exemptions and such, minor in the overall, generally...
In many jurisdictions, about as long as it takes the repossession driver to get to the nearest courthouse and fill out the paperwork.
I don't know of a phone number that you can call to see if your taxrefund will be taken or partially taken for debts such as youmentioned here. The IRS is not the agency that handles this action,it is the Department of the Treasury, but a different departmentwith the Treasury Department. If you have...
No you cant as far as know because you are still owing the IRSmoney witch could cause a conflict between you and the BankingAgency, Other words know what's up before you do it.
Not until the estate has gone through Probate. If an Executor orAdministrator has been assigned by will or by Court then they haveresponsibility to secure property belonging to the estate until itis settled. If a loss occurs, they could be personally liable tothe heirs of the estate.
A duplicate title can be issued if there was previously a bank thatowned the vehicle, this can include a lease or a loan. Once theamount is paid in full, a duplicate title will be issued to personwho signed the contract, with the exception of the lien holderlisted.
In some states you may be exempted from garnishment. In order to fully answer your question please copy and paste to the url. https://livechat17.volusion.com/livechat.aspx?ID=242155&location=https%3a//www.ontrackfinancialgroup.com/&auto=0&cookieGuid=4jemrfffgqabwkvgckfyn2ni&DeptID=&Agent=&tType= ...
Some parks are located on private property and some are publicproperty. It would depend on the owner of the park. A homeownersassociation for instance can own a park within their subdivision.This would be a privately owned park and can be only for members ofthe homeowners association if they desire....
There isn't a limit. For a complete answer please visit www.OntrackFinancialGroup.com Ontrack Financial Group llc 888-686-6834
Most states provide some form of homestead exemption against creditors for your primary residence. However, the amount protected varies by state. The inherited property may be vulnerable to your creditors. Your creditors may seek judgment liens in civil court and may be able to record those liens in...
Read your governing documents to determine your responsibilities and rights regarding laundry privileges. As well, you can read the board's responsibilities in enforcing laundry privileges there.
You would eventually need to have a buyer in order to complete a short sale otherwise you would be applying for a deed in lieu. Your Bank/lender however will start the short sale process without a buyer, in some cases approve a purchase price range so that you have an idea what you need to be...
Answer . Under the new bankruptcy law taking effect on October 17, 2005, Chapter 7 cannot be filed unless the debtor was discharged from the previous Chapter 7 or bankruptcy more than eight years ago.. The debtor cannot file a Chapter 13 unless: (1) the debtor received a discharge under Chapter 7...
It shouldn't (although I don't know which country you're referringto). Let's use the U.S. as an example. When you apply for citizenship,you must be financially self sufficient. I.e. you cannot be aliability to the treasury. Bankruptcy is not a crime. It is simply a tool of last resort, toshed your...
hi my name is Caitlin pizzaro froy is my uncle he has a gf right now
Answer . As in many disputes, the rent money should be placed in "escrow" having the condition that the accrued amount will be distributed according to the terms ultimately determined in a future settlement or court order.
The answer to this really depends on the nature of the property and how it is held (i.e. tenants in common, joint tenancy). You can file for bankruptcy for your personal debts. If the ownership debt is easily severable then it is likely that you would be able to file for bankruptcy and include the...
Sure, hopefully you have a signed promissory note as evidence of the loan. If not, its your word against the defendant.
if a collection agency isn't paid, the debt can be put on a personscredit report. The collection agency can also choose to garnish apersons paycheck.
Yes, New York allows a debt collector to add interest on a collection debt. For more information please visit www.OntrackFinancialGroup.com Ontrack Financial Group llc 888-686-6834
A cease and desist can be written to a collection agency. However, some creditors adopted the FDCPA as their baseline for communication and ethical procedures. If you need assistance please visit www.OntrackFinancialGroup.com Ontrack Financial Group llc 888-686-6834
Answer . no it cant both owners have to consent to paying for the fence or the one that has the fence put up is responsible.
You will need to file an Injured Spouse Form ( 8379) if you file jointly, in order to protect your portion of the income tax refund. You can order this form on the IRS official website, just type in IRS, and go to their page, and look under , order forms and publications. Hope this helps. Mary
An allowance for bad debt is essentially areduction in a bank's accounts receivable . The allowance forbad debt equals the amount of the banks loans that it does not expect tocollect. .
Currently, no government credit card debt settlement programsexist. Consumers who are in debt trouble do not have the option ofgovernment assistance to get out. What does exist, on the otherhand, is publicizing by organizations, some of which are obligationsettlement organizations, attempting their...
Answer . \nused car dealers usually will repair, if not call the better business bureau or write to them NOW!!!! Look at your sales agreement and see if you have so much time for them to fix repair or warranty of 6 mo or more
Answer . If they are still in the car, the person that stole the car is responsible, unless he can convince the police that someone else is responsible.
I am not sure what you are asking, but here goes. If you file bankruptcy for yourself, it only applies to you. The debtors can, and probably will go after your ex. It happened to me already. Your ex can file bankruptcy on his own behalf, and be protected also. If you have a judgment against your ex,...
If the title is in your name only, then the new buyer will not be able to put the title in his name. If it was repossessed, then the lienholder was able to sell it and the sale is valid.
Cars repossessed laws in Canada a vary by provine.Whether yourcar will be repossessed depends on such factors as the province youlive in and how for behind you are with your payments.Vehiclerepossessed is negative impact on your credit rating. If you wantmore information email me...
Pay off the higher interest one first. Then, make at least double the payments on the two others and don't default on them. The sooner you can manage this, the better off you are since you reduce the dollars you are paying just for interest. A second job and serious cutbacks in your household or...
If they have is listed as in default, they will take it and applyit to catch up your loan payments. I had a couple of people thisyear who said theirs was on deferment but they still took therefund, then others they didn't.
Yes. After the wage garnisment is served the first 30 days of wages are totally exempt from attachment. After 30 days the garnishment can be a maximum of 25% of disposable income. Garnishments must run consecutively. Garnishment for child support arrearages is not considered a "true garnishment"...
You can go back to the original creditor, but they may not offeryou a line of credit. Usually they will not extend any more creditafter it is charged off, but this is an individual company orindividual decision.
A charged-off loan is one where the lender of the money no longerbelieves the loan is profitable, due to the loss of value of thecar. This is an accounting term and has no bearing on the amount ofmoney a car will go for.
Answer . Neither Chapter 7 nor Chapter 13 necessarily includes or doesn't include your mortgage. You can file a Chapter 7 and surrender your house and discharge your mortgage or you can reaffirm the mortgage and keep the house (depending on the circumstances). Similarly, you can file a Chapter...
A co-buyer can move out of state with car as long as car paymentsare current. The co-buyer should update the new address with thelender.
Once the deal is signed, you have the power.......
I concur, this is still considered income earned from employment and includable in the SS tax base. Yes, bonus payments, in fact virtually anything received of value, are the same as cash or any other income received from your employer for tax purposes. It is simply an 'Income' and therefore...
Yes, there are some instances that a person can get a repossessedcar back in the state of Iowa. If the person pays all the moneyowed plus a repo fee, the car may be returned.
Real property is the land and anything attached to it. A lease is a contract that gives the lessee the right to the use and possession of real property for a certain time period. The lessee cannot convey the land because it doesn't own it in fee. A lease is less than a fee interest and is treated as...
You lose the car ... simple ... it is returned to the company that lent you the money to purchase it ... it then gets cleaned up and at the option of the lender either gets sold to someone else or it gets auctioned off. This is their right to do this - they own the car, not you ... if you don't have...
In short, yes. You just have to sign a legal agreement that theperson that currently owns the car is willing to put up the titleof the car as collateral for the private loan. Make sure the personwho has the loan possesses the title and has filed a lien with theDepartment of Motor Vehicles. *Always...
there is no way to. Sorry as is buyer beware.
Answer . It probably doesn't matter since most student loans arenon-dischargeable (see 11 USC 523(a)(8), which says that studentloans may NOT be discharged in bankruptcy if they are "for aneducational benefit overpayment or loan made, insured or guaranteedby a governmental unit, or made under any...
I normally list all of the following types of contracts and leases on Schedule G: Residential leases (like a rental lease for where the debtor lives, EVEN IF it is only a verbal month-to-month arrangement), cell phone contracts, lot rent agreements, land purchase/sale contracts, home owners...
Let it go. I know the legal theory. I also know that it would take an attorney so expensive for you to pull that off that you might just as well not hire him - and buy a $10,000 to $15,000 replacement car with the money saved. You agreed to pay the car people, and you didn't. It may not have been...
It's usually sold or auctioned off by the lienholder.
Credit card companies can bring you to court if you owe outstandingdebts. They could end up garnishing your wages or even take yourcar if they win the case.
Foreign and domestic debts is approx. 5 billion pesos = $116 billion dollars . As of May 2012 the Foreign -exchange reserve of the Philippines is $76 billion dollars . The dollar reserve should grow not less than 10%/yr for the next 4 years or so in order to reach 5 billion pesos debt pay off .