0
It depends on what chapter you file under. There are separate types of bankruptcy for businesses and for individuals. The two chapters for individuals is chapter 7 and chapter 13. Chapter 7 discharges most debts but has more serious repercussions. Chapter 13 consolidates many debts to make one payment which is much more manageable. The attached article explains bankruptcy and compares chapter 7 and chapter 13.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Bankruptcy attorneys should do their work pro bono.?
Bankruptcy attorneys should do their work pro bono.
Can you work after you declare bankruptcy?
Yes, you are not required to be unemployed to declare bankruptcy.
Can a person work legally if he file bankruptcy?
Yes. Filing bankruptcy does not affect your work status generally speaking.
While in a chapter 13 bankruptcy can you stop the bankruptcy?
Yes, and if things don't work out, you can refile.
If you have a loan with your thrift savings at work do you have to file on it if you file bankruptcy?
You need to include all of your debts in the bankruptcy.
Can you work full time after bankruptcy in US Arizona?
Of course. It is illegal to discriminate against persons who have filed bankruptcy.
If you don't pay taxes but work can you file bankruptcy?
Yes
What happens to credit cards in a bankruptcy when there is a zero balance?
it does not work
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.
When can you file bankruptcy after you have paid off a bankruptcy?
When you filed for the bankruptcy, you are also declaring total surrender of the business to the hands of creditor. Although, you can still maintain rights of the company, for the sake of proper decorum, it is advised to allow the bankruptcy trustee to work on the survival of the company.
If your home has equity and you file bankruptcy on the credit cards do they go after your home?
Generally you have to list your home as an asset. But there are different kinds of bankruptcy, and if things work out, your home ownership could be protected. See a bankruptcy lawyer!!
Will lenders work with you if you have an open bankruptcy but have obtained a Letter to Incur Debt from the judge?
Highly unlikely that someone would lend you money having an open bankruptcy.
