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Not if the school loan was guaranteed by the US Department of Education, except under strict certain exceptions, like collecting a low social security disability income.
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∙ 14y ago
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If I am a beneficiary on a life insurance policy and owe back taxes or have filed bankruptcy will the insurance company hold the check?
No, they will pay the claim to you and then you will be able to do what is fiscally responsible.
What happens if your bank goes to bankruptcy and you owe money to them?
You still owe money.
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.
Can your car get repossessed after bankruptcy?
not if you still owe money on it
How can you claim bankruptcy to avoid paying bills?
In order to claim bankruptcy a court has to issue a bankruptcy order against you. The best place to find information about bankruptcy and the whole process of declaring bankruptcy is the official government website.
Do you receive a refund if you owe one of the creditors on your bankruptcy?
No. The debt is simply discharged so you don't owe it.
Can i claim 1000 Florida lottery ticket if i owe back tax's?
Sure. They may take the tax you owe from it...but you can claim it.
Can i sue someone if i am in the prossess of a chapter 7 bankruptcy?
Not as a rule. If the claim was something that arose after the filing, it will depend on the nature of the claim. If the claim arose prior to filing, you must have disclosed the claim in the bankruptcy documents and the trustee may take over the claim. Consult a lawyer knowledgeable in bankruptcy.
What does it mean when claim is subject to setoff in bankruptcy 7 case?
Example: you, a debtor, owe me $10,000. I owe you $5,000. I can set off my debt to you, meaning that you cannot collect the $5,000 I owe you. Your debt to me is reduced to $5,000. The most common type of setoff involves a bank. Your deposits in a bank constitute the bank's obligation to you. If you owe the bank $100,000, and the bank has $5,000 in deposits from you, it can zap your $5,000, and now you owe the bank $95,000.
If you file for bankruptcy and your car is being repossessed through the bankruptcy with a loan on it and the car interior has been modified and damaged would you still owe anything on it?
If the car is being repoed then you owe something.
I had traffic tickets from 7 yrs ago that were sent to collections C O of the court I filed for Chapter 7 Bankruptcy those debts were discharged under the bankruptcy do I still owe the debts?
If tickets were discharged after filing for bankruptcy then someone would not owe on these debts.
Can a creditor apply bankruptcy for a 7500 amount?
Creditor don't apply for bankruptcy...debtors do. Bankruptcy is not for any particular item...it must be for everything you owe and everything you owe. All of the last is used to pay all of the first, and then any excess MAY be reduced or dissmissed.
