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Would it be wise to have a bank account in someone else's name when planning to file bankruptcy?
Wiki User
∙ 18y ago
In a bankruptcy case the filer must be extremely cautious in closing or transferring bank accounts or other property. If the court believes the debtor is attempting to hide assets from creditors the BK will be dismissed with prejudice. Any action on the part of the debtor that constitutes a fraudulent conveyance under BK laws is a federal felony and carries a mandatory sentence of five years for each guilty conviction.
Wiki User
∙ 18y ago
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Should an account discharged in bankruptcy have a status of closed and if it still says open is this hurting you?
In this instance the account would generally be noted as "included in bankruptcy. The impact the open account would have is insignificant, compared to the bankruptcy.
If you have an account that is showing negative and it was included in a bankruptcy can you have the negative account removed or does it stay there and count as two negatives?
The term negative is rather confusing. If the account did not have a balance it would not have been included in the bankruptcy. Any account included in a bankruptcy will remain on the report for the requred length of time, open accounts would be seven years, they will be marked included in bankruptcy. The BK accounts listing will remain for 10.
where do i find someone in bankruptcy law?
Too find someone in bankruptcy law I would look threw the yellow or white pages as there is always a ton of them there .
What happens when someone you cosigned a mortgage for has filed for bankruptcy?
When you co-sign on a loan or mortgage for someone, you are promising to make the loan payments if they can't. When someone files for bankruptcy, they are claiming that they cannot make their payments. It would stand to reason that if someone you co-signed on a mortgage for files for bankruptcy that you would then be liable for making the payments.
Does filing bankruptcy have an effect on your credit union checking account?
The effect it would have depends on the amount in the account and the exemption status. Regardless it would be considered an asset and would be included in the BK.
What happens to a joint credit card bill with a zero balance at the time of a divorce that one party continues to use and then files for bankruptcy?
A joint account remains the liability of both persons regardless of their marital status. If someone has their liability discharged through bankruptcy, the other account holder would be 100% liable for the balance on the account. If this account was addressed in the divorce decree, the spouse MAY be able to seek relief through the divorce court. But that jurisdiction and any ruling there would have no impact of their credit report.
Can a debt collector still collect your debt if you file chapter 13?
No they cannot, as long as you included them in your bankruptcy. They would be in violation of Federal Law, and liable to suit and possible penalty from the bankruptcy court. The bankruptcy attorney, or the trustee should be notified about any collections on a bankruptcy account.
If you declared bankruptcy can a creditor continue to mark your report as a charge off even after the date of your bankruptcy?
The account will or should be changed to read "included in bankruptcy". It will still however remain on the report until the seven year time limit expires. However, the account is charged off for the amount that wasn't collected and reporting that would be proper too. (Charge off is how the creditor reflects that you didn't pay and he had a loss on the account...that it was by bankruptcy makes no difference...actually worse).
If an account was included in bankruptcy can the creditor still show it as a charge off?
I think that your credit report would be updated to show that the account was "included in a Ch 7 bankruptcy." You should be able to get a free credit report from www.annualcreditreport.com if you want to check your credit report to be sure the account's status is listed correctly.
Will lenders work with you if you have an open bankruptcy but have obtained a Letter to Incur Debt from the judge?
Highly unlikely that someone would lend you money having an open bankruptcy.
Does anyoneone have an account for Build-a-Bearville?
Someone giving you their account would be illegal. You have to make an account.
Why would barium be useful to someone trying to poison others?
Why would you want to know I hope your not planning to poison someone
