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If you have given a personal loan to someone that files bankruptcy do they have to pay you back?
Wiki User
∙ 14y ago
It depends, you will be in line with the rest of the creditors, and if there isn't enough $$ to go around, you are out of luck.
Wiki User
∙ 14y ago
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What does the term 'corporate bankruptcy filing' mean?
Corporate Bankruptcy Filing is the name given to the process when a business becomes insolvent and unable to meet their debt commitments. This is in contrast to personal bankruptcy where an individual becomes insolvent.
What is the meaning of debtor's petition for bankruptcy?
It is the term for the formal documents and justification given for someone asking the Court to provide protection from creditors under the bankruptcy laws.
Definition of personal identity?
Personal Identity is the personal characteristics of someone that makes them a person at any given time under the definition of personhood.
What is the law for the time limit given for discharge on chapter 7 bankruptcy?
What is the law for the time limit given for discharge on chapter 7 bankruptcy?
Can you be sued for a debt that was given to your ex in the divorce if he has taken bankruptcy?
Debts cannot be "given" to anyone else. There are no events, contracts or agreements which supercede any other contract. If you and your ex opened accounts that you were jointly liable for, no divorce decree can remove that liability. The only way to do that is to pay off the loan in full, or refinance it, which has the same effect. Compare this scenario to a business partnership which has dissolved. If you and your partner have joint debts for which you are both personal guarantors, and you leave the business, your former partner files bankruptcy, you (as the remaining non-bankrupt personal guarantor) have complete liability for the debt. The same is true for ex-spouses. If your ex-husband or wife files bankruptcy and is discharged from their liability on the debt, any other person with liability becomes solely responsible for repaying the debt in full. This applies not only to an ex-spouse, but also to any other person, family member or friend that may have been joint on an account with the bankruptee.
If a person files for bankruptcy and then they die can their estate be held responsible for any of their debt?
When a person dies leaving an estate then the first thing to settle from the estate are their debts which they have before the heirs and beneficiaries are given their share of it so whether a bankruptcy order has been petitioned or made or not this is the rule for everyone that dies leaving an estate.
How do you force a person who has filed bankruptcy and given up their interest in a property to sign a quit claim deed?
You need to contact the trustee in bankruptcy. The bankrupt hasn't "given up their interest" unless they have already executed a deed. Their interest may be subject to the bankruptcy proceeding.
What questions are asked when a person files for bankruptcy?
A person should be absolutely truthful in everything they include in their bankruptcy petition. They should always keep in mind they are presenting evidence under oath. Any information that is given that is intentionally false or misleading can result in the dismissal with prejudice of the bankruptcy, and possibly other penalties. It is also a criminal offense,though criminal charges are seldom brought. The truth might be embarrassing, but it is the only safe and ethical option.
Will bankruptcy discharge unpaid HOA dues?
Your bankruptcy counsel can best advise you on what to include in your debt statement for the bankruptcy proceedings. As well, given our situation, you may decide to file for a style of bankruptcy that schedules payments you make over an extended period to retire your debts instead of discharging them.
Can a company ask you to pay them 4 years after they were given notice that you claimed bankruptcy and they were listed?
Nothing stops them from asking you for it, but you must assert your rights under the bankruptcy shield.
How soon after Chapter 7 bankruptcy can you have property given to you?
I think chapter 7 bankruptcy at least take 5 to 6 years to clear the bankruptcy so its automatically remain on your name for those years.You will get your property only after this case is complete.
When do you capitalize the word Earth?
When you are referring to someone or something whose given personal name is Earth eg the planet on which we live or a book, a painting, a pop group, etc It is not capitalised in a sentence like "He dug the earth" because although the ground is referred to as earth, that is not its given personal name.
