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UK. Bankruptcy £15,000 or more. If you have less than £15,000 worth of debt, sustainable under 15k for the duration of one year and meet certain criteria, you may qualify for a debt relief order, which is, in effect, a mini bankruptcy.
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Can i get a HECS debt if I'm bankrupt?
Yes, you can. Bankruptcy is not a reason for disqualification for accumulating a HECS debt. Additionally, your HECS debt will not become void if you were to declare bankruptcy whilst having a HECS debt. Call 1800 020 108 if you need confirmation of my answer. They will tell you the same thing.
How much debt should one have before filing for bankruptcy?
It would depend on the person as to how much debt one would have to have before filing for bankruptcy. Some people can have more debt than others and be ok with it, while others would feel the need to file.
For what are the debt stoppers?
Debt Stoppers is a chain of bankruptcy attorneys throughout the United States. Offices are located in Chicago, Atlanta, Nashville, and many other cities. These attorneys offer solutions for those who need to get out of debt, as well as advice and tips to help avoid bankruptcy again.
How can you get a judgment off your credit report after filing bankruptcy?
If the debt that you were sued over, or the judgment itself was included in your bankruptcy, you only need send a copy of your bankruptcy papers to the credit reporting agencies. The judgment will not "come off", but it should get marked "included in bankruptcy" or "discharged through bankruptcy".
When applying for credit what does clear of bankruptcy mean?
It means that you need to declare if you have ever been bankrupt. So if you have never been bankrupt you can say YES. However, if you have been bankrupt you need to say NO.
Can i get a HECS debt if I'm bankrupt?
Yes, you can. Bankruptcy is not a reason for disqualification for accumulating a HECS debt. Additionally, your HECS debt will not become void if you were to declare bankruptcy whilst having a HECS debt. Call 1800 020 108 if you need confirmation of my answer. They will tell you the same thing.
When is it necessary to declare bankruptcy?
It is necessary to declare bankruptcy when a person cannot afford to continue paying for bills and other things they need. A person may declare bankruptcy if their business is not making any money.
How much debt should one have before filing for bankruptcy?
It would depend on the person as to how much debt one would have to have before filing for bankruptcy. Some people can have more debt than others and be ok with it, while others would feel the need to file.
Can you travel overseas if you declare bankruptcy?
To travel overseas you will need a passport, and the money for travel expenses. As long as you have these items you can travel overseas as bankruptcy does not bar you from traveling.
How do you write a motion to dismiss an old IRS tax debt and include it on my bankruptcy?
If there is a judgment in a court for the IRS debt, you do not need to file a motion to include it in your bankruptcy. If the tax due was determined more than 3 years before the filing date, you include it in your Schedule F. If you have already filed your bankruptcy documents, you need to file a motion to amend Schedule F with the bankruptcy court. If the case has been closed, you will need to reopen the case, paying the filing fee, and then your motion to add the debt.
For what are the debt stoppers?
Debt Stoppers is a chain of bankruptcy attorneys throughout the United States. Offices are located in Chicago, Atlanta, Nashville, and many other cities. These attorneys offer solutions for those who need to get out of debt, as well as advice and tips to help avoid bankruptcy again.
Is bankruptcy answer?
It depends on what the question is. In reality, you need to ask a more detailed question. Bankruptcy is for those who need a "Fresh Start" (no light at the end of the tunnel.) Or, they see they are so far into debt, they can't get out of it in their lifetime.
If a sole proprietorship files a chapter 7 bankruptcy can they keep ther truck which is their business?
You need to let your attorney know that you wish to reaffirm the debt on the truck. In order to keep it, you have to remove the debt from bankruptcy protection, keeping in mind, that you can't seek protection from the debt for seven more years.
Do you need to include a debt that you are still being treated for when filing bankruptcy?
Yes, you need to file it because it has to be shown for legal reasons to show your accountant and superiors. Also it can also be evidence to show what was the actual cause of bankruptcy because sometimes it's not always debt.TIP: Always keep a note of what your incomes and the money you take out to stop you going into debt and eventually bankruptcy!
Does a shareholder in an S Corpration with 75 percent of the shares who is also the president of the S Corporation need consent of the other 25 percent to declare bankruptcy in the state of IL?
A shareholder can declare personal bankruptcy whenever he wants. If the S-corp is declaring bankruptcy, only a simple majority is required (51%) before action can be taken. Do you need consent of the other shareholders? That depends of what your articles of incorporation say.
How can you get a judgment off your credit report after filing bankruptcy?
If the debt that you were sued over, or the judgment itself was included in your bankruptcy, you only need send a copy of your bankruptcy papers to the credit reporting agencies. The judgment will not "come off", but it should get marked "included in bankruptcy" or "discharged through bankruptcy".
How do you collect a Civil Court judgment if the defendant declared bankruptcy?
If the defendant declared bankruptcy, you may need to file a claim with the bankruptcy court to try and recover the debt owed to you. However, your ability to collect on the judgment may be limited depending on the type of bankruptcy and the specific circumstances of the case. It's advisable to seek legal counsel to understand your options and rights in this situation.
