The bankruptcy will appear on their credit if you include this card in your bankruptcy. If you leave the card off the bankruptcy, it will not effect their credit.
You have to, it is a debt...it is just a secured debt...by the lien on the property.
Filing bankruptcy does not remove a charge off report from a credit card on your credit report. It just adds bankruptcy to your credit report.
Absolutely, you can send the notice of bankruptcy filing to the court and you will not have to attend.
Yes, bankruptcy will halt any lawsuit action. If the lawsuit will be included and discharged in the bankruptcy is dependent upon the ruling of the court.
Yes, if it is not a perfected lien against real property and the debt was discharged in the bankruptcy.
No waiting period
You do not have to necessarily get credit counseling before you can file for bankruptcy.
You credit card debt, for the most part is discharged when you file for bankruptcy. As soon as a debtor files for bankruptcy, there is an automatic stay and most creditors must stop their collection efforts. Thus, the debtor can begin rebuilding his credit; financially-speaking, the debtor can start over.
No...you need to call your credit card company and file a complaint.
That is up to the CC company. Normal if you file they will cancel the card ASAP. But not always best to inform the CC company what you are doing.
They say that I am in contract to pay for everything. They have my credit card and that's it. What can happen if the credit card on file is invalid?
Notify them that the credit card was stolen to the credit card company and dispute all the charges on the credit card. You would also have to file a police report if the credit card was stolen. The credit card company must investigate the charges.
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!
yes noob how dont you know that
It happens and can be disputed. Call you credit card company or credit agencies.
You can only file bankruptcy without a spouse in cases where the debt is yours only. For example, if you have a credit card that is in your name only then you can file without your husband.
You would probably be better off refinancing your mortgage first and then applying for bankruptcy later on. My mom had to file for bankruptcy due to credit card debt she could not pay.
Most creditors take a very dim view of bankruptcy, and you will likely lose your card(s). Remember, bankruptcy should be a last resort, not to be gone into lightly. It's best to consult with a lawyer first, if not to actually engage one to help you.
You are not supposed to do this. You need to list all of your debt. In all likelihood, what will probably happen is that the credit card will find out about it anyway and cancel the card. Even if you have a 0 balance, the credit card will probably take it upon themselves and cancel the card.
The fact that you have a repossession on your credit report is not a determining factor of whether your can file for bankruptcy. Generally in bankruptcy you can remove the debts from the repossession of your vehicle.
Declaring bankruptcy does not allow you to go out and spend money without having to pay it back. Yes, the debt is not covered by the Chapter 13 filing, so they can do what they can to collect the new debt.
No. You must include all assets and all debts in your filing.