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Can you stay in the home you are leasing if you declare bankruptcy?
Wiki User
∙ 15y ago
Generally..if you're renting a home and do not owe any back rent than you can stay in the home..especially if you have a lease but if you are behind in rent than you can declare that debt in bankruptcy but it is up to the landlord whether or not he/she wants to let you stay.
Wiki User
∙ 15y ago
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Can you declare bankruptcy on a mortgage in NJ?
Bankruptcy is of an individual or a corporation, or entity that includes all the assets and liabilities. Mortgage is part of all the liabilities against the filer. What can be removed and what can stay depends upon the kind of bankruptcy it is- ch 7, ch 11, or ch 13. Best bet contact a good bankruptcy Attorney.
Should I move out of my home before the discharge of your bankruptcy is complete?
What has MY bankruptcy got to do with you moving out of your house? Obviously, if the mortgagee is not telling you to leave, and you get to stay rent-free, stay as long as you can, but get as much moved or ready to move as you can. You may not be given much time.
What are some of the disadvantages of having to declare a business bankrupt?
The disadvantages of declaring bankruptcy in business include the need to pay the fees for lawyers and the court filings. This can be difficult if money is already tight. Also, the bankruptcy will stay on the owner's credit history for ten years which will make it difficult to get loans in the future.
How long will a bankruptcy stay on credit report in Illinois?
Bankruptcy can stay on your credit report for 10 years. For more information about debt and bankruptcy, it is best to consult with an attorney. They can provide a complete picture of the benefits and negatives of filing for bankruptcy.
How long does chapter 13 bankruptcy stay on credit report?
Bankruptcy filings typically stay on a debtor's credit report for 10 years.
Can you declare bankruptcy on a mortgage in NJ?
Bankruptcy is of an individual or a corporation, or entity that includes all the assets and liabilities. Mortgage is part of all the liabilities against the filer. What can be removed and what can stay depends upon the kind of bankruptcy it is- ch 7, ch 11, or ch 13. Best bet contact a good bankruptcy Attorney.
If you are a landholder on a home and the person files bankruptcy will they be able to include the debt they owe you into the bankruptcy?
They can include it, but the creditor/landholder can file a relief of stay to have the debt excluded from being discharged in the bankruptcy. The decision of what debts are to be discharged are determined by state and/or federal law and the bankruptcy judge.
Should I move out of my home before the discharge of your bankruptcy is complete?
What has MY bankruptcy got to do with you moving out of your house? Obviously, if the mortgagee is not telling you to leave, and you get to stay rent-free, stay as long as you can, but get as much moved or ready to move as you can. You may not be given much time.
The sheriff has scheduled my home for a sale. Will filing bankruptcy chapter 7 stop this process?
generally filing for bankruptcy puts a stay on the collection of debts, including a foreclosure. get in touch with a bankruptcy atty asap, because there are things you are required to do before filing.
How long will a bankruptcy stay on credit report in Illinois?
Bankruptcy can stay on your credit report for 10 years. For more information about debt and bankruptcy, it is best to consult with an attorney. They can provide a complete picture of the benefits and negatives of filing for bankruptcy.
What are some of the disadvantages of having to declare a business bankrupt?
The disadvantages of declaring bankruptcy in business include the need to pay the fees for lawyers and the court filings. This can be difficult if money is already tight. Also, the bankruptcy will stay on the owner's credit history for ten years which will make it difficult to get loans in the future.
How long does chapter 13 bankruptcy stay on credit report?
Bankruptcy filings typically stay on a debtor's credit report for 10 years.
How long does a bankruptcy stay on a credit report?
Ten years from the date of discharge.
Can you add your Mobile home lot rent to your bankruptcy?
Your rent, whether for a mobile home lot or anything else, is not a debt, but rather an ongoing monthly fee for your right to occupy that dwelling or structure. As such, it cannot be admitted to bankruptcy. If you can't pay the rent, then you can't stay!
How do you get an automatic stay issued by a us bankruptcy court to stop an illegal foreclosure?
When you file for bankruptcy, the stay is automatically issued. That's why it's called and automatic stay. You needn't do anything.
How does the bankruptcy power work?
Bankruptcy plays vital role in your life if you are facing financial problems or having unsecured loans like medical bills, repayment loans,wage garnishment. Filing bankruptcy gives you strong legal protection from your creditors. If some one is facing home foreclosure then filing chapter 13 bankruptcy helps a lot. It stops home foreclosure & bring automatic stay.
Can you place a lien on a persons property who is in chapter 7 bankruptcy?
No, unless you get relief from stay from the bankruptcy court.
