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Can you bankrupt your student loans if you have had a previous bankruptcy within the past 4 years?
Wiki User
∙ 10y ago
I didn't get your question. Are you trying to ask if you can able to file bankruptcy again even though you had filed previously one? As far as i know, Student loans won't discharge in bankruptcy. It's better consult this from the bankruptcy advisers.
Wiki User
∙ 10y ago
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Is thomas cook travel likely to go bankrupt?
yes within five mouths it will go in bankruptcy.
Will a judgment be dischared if you go bankrupt?
This really depends on whether the judgment is a dischargeable debt in bankruptcy. There are some debts that you cannot eliminate in bankruptcy and they will continue to exist after the bankruptcy. Generally judgments from credit cards, medical bills or personal loans can be discharged but they can become non dischargeable if the creditor claims fraud or misrepresentation within the bankruptcy.
Can you file bankruptcy on a government farm loan?
You don't file bankruptcy "on" any loan. You file bankruptcy , listing all of your debts. Debts that are not dischargeable include child support arrears, student loans, federal income taxes filed or changed by the IRS within the three years prior to filing and certain judgments for damages due to fraud. State income taxes also cannot be discharged.If you obtain credit knowing you are bankrupt or intending to file bankruptcy, the creditor can object to the discharge of that loan.
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 filed bankruptcy under Chapter 13. Student loans were discharged under hardship. Do I still have to pay them?
Chapter 13 is "reorganization" plan for payment. Student loans were within the plan for payment? or were they discharged within another bankruptcy? normally student loans are not dischargable, (11 U.S.C. sec. 523(a)(8) bankruptcy:) there are two exceptions: 1: loans are not from any governmental agency unit or non profit 2: paying the loan will impose an undue hardship to dependents.
If a person owns a home can they rent the home to another person after the owners bankruptcy?
If a person owns a house they can do what they wish with it (within the law). If they are declared bankrupt and they no longer own it then they have no say in what happens with the house. It is no longer theirs.
Why is it important to control the costs within a business?
because otherwise you will become bankrupt idiot.
If you go bankrupt in Australia can you leave the country?
If you have been declared legally bankrupt in Australia, you will need to get the written permission of your trustee. You must have a valid reason for overseas travel, and permssion may be refused for any number of reasons.
When would a company declare bankruptcy?
Different countries and jurisdictions have different legal definitions of bankruptcy for a corporation, but most countries employ one or a combination of the following:Cash flow bankruptcy, where a corporation is unable to pay its debts as they fall due.Balance sheet bankruptcy, where the corporation's assets are worth less than its liabilities.Technical bankruptcy, where a corporation is deemed to be bankrupt regardless of its true financial position, eg. because it failed to pay a judgment debt or (in some jurisdictions) pay a statutory demand for money, or formally admitted or filed for bankruptcy.Even within these definitions, different jurisdictions treat aspects in different ways. For example, in some countries prospective or contingent debts are relevant to determining bankruptcy, and in others they are not. Similarly, some countries require assets to be valued on a market value basis, whereas others are entitled to rely upon book value.
Should bankruptcy be made more difficult in order to discourage overspending?
No. Once you have a Bankruptcy on your credit report, your spending days are over for many years unless you have cash.A Different Perspective:It already has been made difficult. Newer bankruptcy laws have established a series of (metaphorical) hoops for potential filers to jump through. By and large, these are pointless and ineffectual, but the requirement of completion make it more difficult for those who are filing. Bankruptcy itself, and the current obstructions do nothing to discourage overspending. In fact, within months of the completion (discharge) of a bankruptcy, creditors often flood the recently bankrupt person with offers for credit cards and loans. It really is a viscous cycle that the individual must take charge of.
Will bankruptcy automatically fall off credit score and when?
Bankruptcy should be removed after 6-7 years from discharge, if you have another bankruptcy within 6-7 years, it will take longer to remove or could be permanently on your file
If you file bankruptcy 2 times within 15 years can you still get a mortgage?
it is 120
