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How can you save your house if it was used as collatera o a business that is in default and you are filling bankruptcy?
Wiki User
∙ 13y ago
Talk to a local experienced bankruptcy lawyer. If there is equity in the house after deducting the payoff on the first mortgage and any priority liens, you should not have a problem. If there is equity, it gets more complicated, but you may be able to keep the house with a Chapter 13.
Wiki User
∙ 13y ago
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What is the difference between a Chapter 7 and a Chapter 11 business bankruptcy filling?
In Chapter 7 bankruptcy, assets of a business are sold to help pay back their debts. In Chapter 11, businesses can keep their assets and try to negotiate new terms with their creditors.
Can you marry someone in the military after filling for bankruptcy?
Sure.
How do you pervent someone from filling bankruptcy on back child support?
... prevent ... Bankruptcy is a Federal process and has no effect on child support. Bankruptcy does not dismiss child support debts.
Can you buy a condo for cash few months after filling bankruptcy?
No...you cannot do any business at all for 7 years, and if you have any cash you must declare it and you will probably have to hand it over to your creditors.
How do you start filling for bankruptcy?
The best option is to hire an attorney. Unless you are very practiced in law, you could make a mistake. Making a mistake when filing for bankruptcy can have serious consequences.
What is account reaffirmation on a debt?
this is were you agree to pay the debt that you originally signed with the creditior this usually happens when someone is filling bankruptcy.
If getting divorced and spouse is filling bankruptcy should other half do the same?
Just because your spouse is filing for bankruptcy does not mean you need to. If your spouse ran up a lot of bills related to a business or something that does not involve you and no one will be coming after you for those debts, there is no reason why you should declare bankruptcy. If, on the other hand, you are in debt just as deep with no possible way of paying off those debts, it might be a good idea. It depends on your personal situation, not your spouse's situation. You may want to check with the bankruptcy lawyer.
How do you find if you are listed as a creditor in chapter 7 filling?
You will receive, directly from the bankruptcy court, a notice of filing and information on filing your claim with the court. If you believe a person has filed bankruptcy, and you know the person' s address, you can check with the clerk of the bankruptcy court. The bankruptcy court one files in is determined by the county within which the debtor resides.
How do you get help filling out packet of paperwork for bankruptcy?
Only lawyers are able to give you legal advice as to how to fill out the forms, what exemptions to make, etc...
What are the rights of a cosigner when the primary filed bankruptcy then didnt pay the bankruptcy so the bankruptcy was dismissed?
As a cosigner, you are not at all protected if the primary signer files for bankruptcy. In many cases, filing for bankruptcy relieves the primary signer on the loan from his obligations towards the loan, at which point the lender will turn to the cosigner for payment. You'll either have to pay the loan or file for your own bankruptcy (if necessary).Unfortunately, you're stuck with the loan regardless of whether or not the primary signer successfully completes his bankruptcy filling. You may want to contact a bankruptcy lawyer for some additional advice or assistance.
Stage business in theatre is?
* filling and smoking a pipe while the character thinks of an answer
How do you do financial business statements?
By making the book keeping and accountancy and filling the I TR.
