Yes they do.
A person's income does not count after filing chapter 7 bankruptcy. All that counts is what you had before filing bankruptcy.
when filing any bankruptcy you must disclose ALL debts.
Avoid filing if you can. There is no easy way out. The option of filing will still be there after the divorce if that's best for you.
You must list all of your debt when filing for Chapter 7 bankruptcy. However, not all debts are eliminated. There are certain exceptions to discharge under the Bankruptcy Code. Your attorney will be able to advise you by looking at your total financial situation.
The amount you pay in Chapter 13 bankruptcy depends on your state. In general, you will not have to pay all the debt you owe.
all ERISA qualified retirement plans are protected from creditors in a BK.
ALL of your assets and ALL of your liabilities must be included in your filing. It is not OK to pick and choose. All items have certain catagories or classes they belong to. Some are catagories exempt from liquidation.
Chapter 13 (and all) bankruptcy is Federal Filing. And, no, usually Vets benefits are protected under bankruptcy. See an attorney familiar with these matters.
It shows the principle, "prove to me you are trustworthy and i will cooperate." if we all are trustworthy, we can all cooperate with each other.
First and foremost, the applicant has to decide with version of bankruptcy he/she/they are filing for. There are six types: Chaper 7, Chapter 9, Chapter 11, Chapter 12, Chapter 13, and Chapter 15. The most common is Chapter 11 and the process begins with the filing of bankruptcy paperwork to the appropriate court. This is done with an attorney or a qualified paralegal. From there, the applicant appears in court to answer questions from a bankruptcy judge and with all of the evidence gathered, waits for a decision. This can happen in a matter of days, weeks, or months depending on the circumstances.
C-11, which is almost always for business corporations, normally has any pre-filing debt delayed (and paid at a reduced amount if at all), but all current amounts....rent after the filing...MUST be paid timely.
All debt and all assets must be included in your filing. And then you must wait at least years before filing again...and again all things must be included.