Bankruptcy is extremely complicated and it is strongly recommended that you use an attorney to file. Many attorneys offer free consultations to tell you more about bankruptcy and if it is helpful for you to file. Based on the county in which you live, you are assigned to a particular Federal Division of a particular Federal District of a particular Federal Circuit. Once you find out what Division your county is assigned to, you have to sign and file a bankruptcy petition in the Clerk of the Bankruptcy Court for the appropriate Division. This gets your case started. After filing, the Bankruptcy Court will notify you of the date and time of your hearing. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts and law, which I do not warrant, and I am not suggesting any course of action or inaction to any person. Speak to a lawyer for specific advice. If you have any questions, please refer to a lawyer in your jurisdiction. Thanks!
Bankruptcy is when a person or a firm thinks that they are in financial crisis, they go out for filing bankruptcy in related court.
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.
Certainly, an elderly person can go bankrupt; there is no age limit on bankruptcy.
Can a person who declared bankruptcy be bond-able?
Yes, if the bank holding the account allows it. When a person files for bankruptcy, depending on the type of bankruptcy you filed.
Now. Go on and live a little. Good luck.
Under the Bankrputcy Abuse and Consumer Protection Act of 1995, an eight year period must go by before a person is allowed to file for chapter 7 bankruptcy again.
A person will have to hire an attorney if they want to declare bankruptcy. An attorney will be able to guide each person through the process
Bankruptcy is a legally declared or recognized condition of the insolvency of a person or organization.
Google "free sites to find out if a person has filed for bankruptcy".
yes they can, a person is bonded for life, it is a trust, bankruptcy is a financial circumstance that has nothing to do with trust.
In a Chapter 7 bankruptcy, a person filing for relief is called a
Once a person's bankruptcy has been discharged and they have gone through credit counseling with no further debts owed, they may contact a mortgage company.
Chapter 13 bankruptcy can help a person by saving them from legal actions from debt collectors. When a person files bankruptcy, all debt collections and lawsuits are stopped so a person can keep their assets like homes or cars.
They both go bankruptcy
That may be true in the UK (though companies are more likely to go into "administration" there) and in some other countries. However, in the U.S. virtually all types of insolvency are now called "bankruptcy", whether for a person or a company; "liquidation" is just the traditional description of Chapter 7 bankruptcy.
yes you can but DO NOT SHARE CREDIT WITH THAT PERSON UNTIL THE BANKRUPTCY IS LEAST 4 YEARS OLD. IT WILL ATTACH TO YOU IF YOU GO JOINT INTO A CREDIT CARD OR LOAN. IT BRINGS YOUR RATING DOWN.
Bankruptcy is a legal proceeding in which a person can get a fresh financial start. Bankruptcy can be very useful and effective in resolving financial problems in certain cases.
Every person who files a bankruptcy case is concerned about who will find out about it. It is true that all bankruptcy filings are a matter of public record, but this does not mean it is easy for others to learn about your case. The two main ways another person can learn about your filing is to either go to the bankruptcy courthouse where you filed and conduct a search, or have the required credentials to obtain a PACER account. (govpublicaccess)
In order to file for bankruptcy a person will need to hire an attorney or lawyer. Bankruptcy has long term financial consequences for the person so a competent attorney should be hired.
It is necessary to declare bankruptcy when a person cannot afford to continue paying for bills and other things they need. A person may declare bankruptcy if their business is not making any money.
In a touch economy, there has truly been an uprise in the number of bankruptcy court cases filed everyday. Filing for bankruptcy is something that should never make a person feel ashamed or guilty. Rather, bankruptcy is a normal part of what happens when the economy takes a turn for the worse and people lose their jobs. This article will discuss the best ways that a person can handle his or her bankruptcy situation. When a person feels that debt becomes too much to bear, then it may be time to file for bankruptcy. If a person is unable to make his or her monthly payments on credit cards or simply owes too much in loans, then it is a good idea for this person to begin considering the possibility of filing for bankruptcy. If a person is unsure whether or not he or she should file for bankruptcy, then it is a good idea for this person to consult with a bankruptcy lawyer. A bankruptcy lawyer often gives a free consultation to any person that comes into his or her office. This consultation will reveal whether or not a person qualifies to file for a certain type of bankruptcy, as well as whether or not it is in a person's best interest to file for bankruptcy. To file for certain types of bankruptcies, there are certain conditions that must be met. For example, if a person wants to file for a Chapter 13 bankruptcy, then he or she will need to have a regular and stable income. If a person is a student without an income, then he or she will be unable to file for a Chapter 13 bankruptcy. If a person also does not have any assets, then he or she will likely be unable to file for a Chapter 13 bankruptcy. It is truly a good idea for a person to carefully consider the type of attorney he or she gets to work on a bankruptcy case as well. A person will need to make sure that an attorney is qualified to work on his or her case. A person should always make sure that a lawyer is in good standing with the bar association of a certain state, otherwise a case may be dismissed in court. One does not want to have this happen in court, since it can often be embarrassing and cost a person a lot of money.
can a person file bankruptcy if the home is not under any mortgage?
Your question needs to be addressed to an attorney familiar with bankruptcy laws as well as fraud statutes. You could begin by informing the bankruptcy trustee. That is the person assigned by the bankruptcy court to determine the eligibility of the bankruptcy applicant. If you can't find out who this person is, try calling the bankruptcy court. Bankruptcy is a federal court issue. There are usually two bankruptcy courts per state.
If you have not paid child support because of bankruptcy in Canada? If you have not paid child support because of bankruptcy can you go back if the person is now working and have a income?