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A set-off is when a bank anticipates that a debtor is going to go into bankruptcy, and applies a debtor's deposits at the bank against outstanding loans. See 11 USC § 553.
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Is there a time limit for banks to foreclose on your home after filing bankruptcy been discharged?
The bankruptcy law does not set a time limit for banks to foreclose on your home after filing bankruptcy. In fact, banks are prevented from foreclosing or continuing a foreclosure already in process upon the filing of a bankruptcy without first obtaining an order from the bankruptcy court allowing it to foreclose or continue a foreclosure already commenced.
What is the place of Law in society?
A law is an official set of rules enacted by government in order to promote safety, peace order and dignity in society. There are two types of laws, civil and criminal. There are subcategories of laws pertaining to everything.
How can you find out if a garnishment has been stopped by filing bankruptcy?
Bankruptcy will not stop a garnishment. You cannot set aside civil judgments by filing bankruptcy.
If you had bankruptcy in 2004 can you file for bankruptcy again?
Some strict limitations have been set by the new bankruptcy law. Debtors will not be able to file Chapter 7 bankruptcy if they've been through a Chapter 7 within eight years of the new filing. If they want to file for Chapter 13, they will not receive a discharge within two years of a previous Chapter 13 discharge and within four years if they were discharged from a Chapter 7, 11 or 12 bankruptcy.
I own a boat slip in intercostal waters. Does it fall under the jurisdiction of maritime or civil law in case of bankruptcy and can it be sold to help satisfy debts?
Bankruptcy is a set of Federal laws. YOU (not your boat, not your car, not your house) are using the Federal law by declaring bankruptcy. Your boat is personal (or perhaps business personal) property in those matters. Your house is another type of property or assset. Your savings account, yet another. Each has many sets of laws they are subject to. Even if it was a huge freighter on the high seas, in the Bankruptcy court, it is the rules of that court that hold.
Can you file bankruptcy on day set for foreclosure?
As long as the date and time stamp on your bankruptcy petition is prior to the time of the auction on the date for the auction, yes you can.
How can you get out of your current debts of 3000.00 on a set income of under 900.00 a month?
Bankruptcy.
If a credit card company has already set a court date against you can you still file bankruptcy?
Absolutely, you can send the notice of bankruptcy filing to the court and you will not have to attend.
Can you have a trust and file for bankruptcy?
You can have a trust and file for bankruptcy but the more important question is whether you should given what is in the trust, who transferred the assets into the trust and who is a beneficiary of the trust. If you have set up a trust and have irrevocably transferred all of your interest to assets to the trust then there may be questions of whether the transfers were proper and allowable under bankruptcy law. If you are a beneficiary of a trust the question becomes whether your beneficial interest in the trust is protected when you file for bankruptcy. This will depend on reviewing the facts of how the trust and reviewing the trust documents.
What the recipe for gashaato?
It is a list of ingredients and set of directions pertaining to creating the Somali treat, Gashaato.
What is the Bankruptcy Code?
The Bankruptcy Code refers to a business filing bankruptcy. If a business is unable to pay it's debt or pay it's creditors, the business or it's creditors can file bankruptcy. Upon filing bankruptcy, the business ceases operation, a trustee sells the assets, and then gives the proceeds to it's creditors.
How do you file chapter 7 together or separate if you are separated?
When you file a mutual bankruptcy, you and your partner file a single set of bankruptcy papers with the court. In your bankruptcy appeal, you release all property, debt, income, and expenses you have between both you and your partner.
