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Bankruptcy means someone is legally unable to pay their debts as agreed. The procedure of verifying someone truly is bankrupt can take up to 8 months in most cases, and those who have some assets will be required to pay back some or most of their debts over a 2- to 5-year time period. There are two major types of bankruptcy definitions that apply to consumers: Chapter 7 and Chapter 13.
What else can I help you with?
HAS kaiser permanente ever FILED bankruptcy?
do you know if kaiser permanente filed bankruptcy?
If you file for bankruptcy will you lose your car?
Need to know type of Bankruptcy 7, 13, 11 ??
How many bankruptcy attorneys in the US?
I don't really know the exact numbers of the bankruptcy lawyers in the US, I just know that most of them were from California.
Can you reinstate a dismissed bankruptcy?
If you have come through a bankruptcy you have been through quite a bit. It is important to know that if your bankruptcy was dismissed, it may still be reinstated at a later date.
Do you know if you go to bankruptcy court do you get discharged when you go there?
A person or persons would need to file for bankruptcy before having any contact with the court and/or bankruptcy trustee. A bankruptcy discharge is what is granted if the filing is deemed valid.
What has the author Max Isaac written?
Max Isaac has written: 'Facts about bankruptcy you ought to know' -- subject(s): Bankruptcy
Should you tell your bankruptcy lawyer if you have claimed bankruptcy in the past?
Yes- attorney needs to know if you ever filed BK (what type and when).
Can you sell a motorcycle after filing bankruptcy?
yes you can i know my stuff
How do you know when your chapter 13 bankruptcy is over?
You will receive a letter that your bankruptcy is discharged. You can also call the bankruptcy court or the trustee and find out if it is final.
How do you know if your bankruptcy is discharged on your credit report?
Bankruptcy does not get discharged. Debts are discharged. The bankruptcy will remain on your credit report for 10 years from the date of filing. The debts that were discharged can remain for 7 years from the date of discharge, showing a zero balance and that they were discharged in bankruptcy.
Section 522b of the US bankruptcy code Need to know if 401K is exempt of a petition of bankruptcy 7?
Generally, but the extent to which funds will be exempt depends on your jurisdiction. Check your local state bankruptcy exemptions.
Can a debt collector continue to call after you file bankruptcy?
No, not as long as they were included in the bankruptcy. You should give their information to your bankruptcy attorney, who will contact the debt collector. If that doesn't work, your attorney will certainly know what to do next.
