This will be considered an asset. You cannot file bankruptcy if you have a number of assets that can be used to pay your creditors. Depending on the amount of the settlement, you should wait years to file bankruptcy.
Can you file bankruptcy if you caused a car accident?
It is possible to file bankruptcy when receiving VA disability.
A worker's comp settlement is exempt from bankruptcy in PA. When you file for bankruptcy, you will lose anything that you owe money on.
Yes. History is full of examples.
Not without committing fraud.
If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.
no you can only file taxes in a tax place around the world or where ever you live
AnswerYou have to report ALL assets. Any individual can file for Chapter 7, but the whether you are eligible for a discharge is another matter. Your ability to get a discharge depends on your assets, income, debts and monthly expense. Beginning October 17, 2005, it will also become much harder to file for bankruptcy. If you are seriously considering filing for bankruptcy, you should see an attorney right away.Often the bankruptcy court will determine that a structured settlement is an exempt asset, so it would not be available to creditors. However, if you don't report it, then there is a risk that at some point in the future the structured settlement will be seized by the bankruptcy trustee and/or the old creditors.
No you can not file bankruptcy on anything that is court ordered.CAN YOU FILE BANKRUPTCY ON RESTITUTION?
If you have pleaded no content to a negligent homicide and have been convicted and the family of the deceased files a civil lawsuit against you in Montana where the accident took place, can you file bankruptcy?
I have been considering claiming bankruptcy for quite some time now. I have no money and am a student. I was injured on the job a few years back and am going to be receiving a settlement offer from the worker's compensation company soon. The settlement would pay half of my credit card debt. Should I try to settle with the credit card company for less than I owe? Or should I still claim bankruptcy like I was planning originally? If I claim bankruptcy, will the money I get from the settlement be up for grabs? If so, can a bankruptcy lawyer negotiate a settle-for-less deal? Help!
If the accident was not caused by drug or alcohol or deliberately, the judgment can be discharged in bankruptcy. You cannot file just for the judgment. ALL creditors must be listed, and you might have to do a chapter 13.
No they never did file for bankruptcy
can you file bankruptcy utah unenploment
If you are talking about a Chapter 7 bankruptcy, It takes 7 to 9 years after you can file bankruptcy again.
If that's the only reason to file for bankruptcy, probably not. ALL debts must be listed and treated equally, so if you want to get the ordered property settlement discharged, all your other debts must also be proposed for discharge. Even if you get a discharge on the property settlement, which may not be possible in certain bankruptcy court districts of states, you will be open to contempt charges in the divorce court and still be required to pay the settlement. To be sure, consult a local experienced bankruptcy lawyer.
You do not have to be unemployed to file bankruptcy.
They did not file for bankruptcy.
No, there's no law that states you have to file bankruptcy.
Yes you can file for bankruptcy if you are unemployed.
No, they did not file for bankruptcy.
No, both parties on a joint mortgage do not need to file bankruptcy. They can file a joint bankruptcy or a single bankruptcy.
Anyone who is a resident of the state can file for bankruptcy in Wisconsin. There is no restriction on who can file, only for which chapter they can file in.
what companies did file a bankruptcy in 2005,2006 and 2007.