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If the debt is included in the bankruptcy, the only option is to petition for the stay to be lifted. This is seldom granted unless it is secured property, or there are mitigating circumstances.
Wiki User
∙ 19y ago
Wiki User
∙ 13y agoUnless you were defrauded by the defendant or you are a secured creditor, then you would not be able to collect any monies owed, the amount owed will be discharged in the BK (i.e. you cannot force him to pay you).
Above is correct except regularly NOT all of all debts are discharged in a BK. Secured debts may have the secured asset sold and the proceeds given to the creditor.
Many debtors in fact have assets that are used to pay creditors, albeit the percent you may get paid is generally well under all that is owed. The court decides and informs you how much, if any, of the debt you will receive (and when).
Of course, you had to file the required "proof of claim" forms with the court, by the required date, and answer any questions it may have had (generally providing support for your claim) to even be part of the distribution of assets.
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Can a person who declared bankruptcy be bondable?
Yes, a person is still bondable. They just have to be able to pay their bond or have a clear background check to be bondable.
How do you collect a Civil Court judgment if the defendant declared bankruptcy?
If the defendant declared bankruptcy, you may need to file a claim with the bankruptcy court to try and recover the debt owed to you. However, your ability to collect on the judgment may be limited depending on the type of bankruptcy and the specific circumstances of the case. It's advisable to seek legal counsel to understand your options and rights in this situation.
How old was Michael Jackson when he declared bankruptcy?
He never declared bankruptcy.
What companies have filed bankruptcy in Michigan?
While many small companies (mom and pop) business have declared bankruptcy the biggest is GENERAL MOTORS who declared bankruptcy.
Can you hold your passport after you get declared bankruptcy?
A bankruptcy filing or discharge in bankruptcy should not have any effect on your US passport.
Can you travel to the USA if you are bankrupt?
If your country's laws allow you to travel to the US with the legally declared bankruptcy, which can be on a person's public record for 5 years to life depending on the country, then that bankruptcy by itself will not prevent you from traveling to the US. In the US declared legal bankruptcies are considered a civil matter, which are about contractual obligations, and NOT a criminal matter, which are actual violations of the law, so the US State Department will not prevent individuals from traveling to the US based upon their declared bankruptcy. In the US NO ONE, even an international visitor, is barred from any travel due to a declared bankruptcy, or as US law states, a discharged bankruptcy.
Can company officers collect unemployment compensation in Pennsylvania?
Although corporate officer wages are subject to PA UC taxes they may only collect Unemployment compansation benefits in extreme cases, i.e., declared natural disaster, forced bankruptcy.
Can a person file a lawsuit against a different person who is already in bankruptcy?
Not to collect a debt, that must be handled through the BK process. Anything else, yes.
The act of being declared legally insolvent?
bankruptcy
If you have declared bankruptcy can you serve as an army ranger?
Yes
Many struggling American industries declared?
bankruptcy
What can occur when a person owes more money than he or she can earn or pay creditor's?
A person can lose everything he or she owns when creditors move in to collect what they are owed. A person might have to go through bankruptcy.
