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A Promis, note is a very,very broad catagory...vitually all debts are evidenced by some type of prmissory note. Bk can and does effect virually all debts...the few it can't are rather specific...Fed guaranteed student loans a anything invoving child upport being the main things.
What else can I help you with?
Can a tenant be evicted in Michigan if in bankruptcy?
Bankruptcy does not relieve a tenant from paying his rent: it's not a debt. Rent is due in advance of the rental period and is not an extension of credit. Oh, and a landlord cannot evict a tenant simply because he filed for bankruptcy.
If you signed a promissary note in a short sale will the note be discharged with bankruptcy?
short notes fo earning
How safe is GMAC Demand Notes?
GMAC demand notes are not a reliable bet until the Government is no longer a stakeholder, when the government is no longer rewriting contracts, and not until after the bankruptcy is complete.
I brought a car for my girlfriend daughterI filed for bankruptcy which I was discharge.I put the car down on the form to keep for her to keep making payments but she stop and the car is in her name.?
Open Bankruptcy means that your petition has been filed, but you have not yet received your discharge papers. The discharge papers officially relieve you of your debt.
What does the term discharged mean?
It basically means to cancel or relieve an individual of an obligation of debt. A bankruptcy court may issue an order of the court that the debts of an individual or business are absolved or do not need to be paid off.
When are the bankruptcy laws changing?
Now that the election is over, it is almost a certainty that new BK reform will be implemented within 2005. If all the new proposed reforms are passed bankruptcy will be a totally different "ball game". It will become very difficult for the average consumer/debtor to relieve themselves of debt in the manner now available.
What has the author Arnold B Cohen written?
Arnold B. Cohen has written: 'Guide to secured lending transactions' -- subject(s): Forms, Law and legislation, Loans, Security (Law) 'Bankruptcy, secured transactions, and other debtor-creditor matters' -- subject(s): Bankruptcy, Debtor and creditor, Security (Law) 'Debtor-creditor relations under the Bankruptcy Act of 1978' 'Teaching notes to accompany book 2 of Debtor-creditor relations under the Bankruptcy Act of 1978' -- subject(s): Cases, Debtor and creditor 'Bankruptcy, article 9, and creditors' remedies' -- subject(s): Bankruptcy, Cases, Debtor and creditor
Would you have to pay monthly notes in filing chapter 7 on my vehicle?
You don't file bankruptcy "on your vehicle." You file bankruptcy to discharge all your debts. You don't get to pick and choose which creditors. But, secured creditors either have to continue to be paid or you have to surrender the collateral, in which case the balance due on the secured note would be discharged.
My name is on a credit card with my mom if she files for bankruptcy will I have any negatvie affects on me?
You most certainly will. Unfortunately the only way to relieve the consequences on yourself is to file a fraud report and have possible legal action taken against your mother.
You owe your sister money can you file bankruptcy on that loan?
If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.
Does an S Corporation have to file a Schedule K-1 after it has filed for bankruptcy?
Absolutely. The filing of bankruptcy does not alter your obligation to report and file taxes, except perhaps to make it more nessasary. The IRS is a creditor, your return is what will be used to determine how much they have a right to file a claim for. If you do not file, they will either determine your tax....(a bad thing)...and file a claim, or you may not relieve the tax in bankruptcy and be liable in the future. Agreeably, you may have losses, and not have a tax or income to pass to the shareholders...but you would have a loss to pass on.
How long bankruptcy after discharged records stays?
1st bankruptcy = 7 years 2nd bankruptcy = 20 years 3rd bankruptcy = life
