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If you are filing a chapter 7 and you claim a jewelry card but you no longer have the merchandise what will happen?
Wiki User
∙ 16y ago
The debt will be discharged...You can't make someone pay for something they don't have...same as a reposession or foreclosure...the debt goes away
Wiki User
∙ 16y ago
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What will happen to your direct deposit while filing bankruptcy?
Direct deposit of any monies while filing for Chapter 7 bankruptcy are safe. However, under Chapter 13 bankruptcy, an automatic payment may be required to the trustee from a direct deposit of wages and other sources of income.
If you owe a thousand dollars to chapter 13 but are behind paying what will happen if you do not pay?
The trustee/bankruptcy court can dismiss the chapter 13. Creditors would then be able to pursue collection including filing a lawsuit.
How does one apply for bankruptcy?
First and foremost, the applicant has to decide with version of bankruptcy he/she/they are filing for. There are six types: Chaper 7, Chapter 9, Chapter 11, Chapter 12, Chapter 13, and Chapter 15. The most common is Chapter 11 and the process begins with the filing of bankruptcy paperwork to the appropriate court. This is done with an attorney or a qualified paralegal. From there, the applicant appears in court to answer questions from a bankruptcy judge and with all of the evidence gathered, waits for a decision. This can happen in a matter of days, weeks, or months depending on the circumstances.
How long after filing chapter 11 can you file chapter 7?
Chapter 11 is virtually always on for CORPORATIONS and is a "reorganization" rather than a liquidation. Chapter 7 dissolves the corporation. C-7 can happen, and frequently is, shortly after C-11 (actually converting the C-11), especially if no viable reorganization plan can be found.
If your car was totaled while in chapter 13 what happens now?
You will be allowed to get a new car within certain price restrictions. Nothing different will happen other than your filing will have to be amended.
When did Magic Jewelry happen?
Magic Jewelry happened in 1990.
What if you miss your court day when filing bankrupt?
what can happen if you are filing bankrupt and you miss your court date
When filing chapter 7 does the IRS tax your forgiven debt as income?
There are separate calculations, but normally, the otherwise taxable cancellation of debt income (COI) doesn't happen if it was created as part of the BK process.
What effects of perfume on jewelry?
There are quite a few things that could happen when jewelry is sprayed with perfume. Some jewelry will oxidize or rust.
What chapter did the big raindrop happen in Touching Spirit Bear?
Chapter 9
What will happen to my 401k when filing bankruptcy?
These assets should not be effected at all.
What happen in chapter 7 of the bully?
There is no chapter 7 in Bully. There will be Bully 2, though.
