Asked in Credit and Debit CardsBankruptcy LawCredit
Credit and Debit Cards
If you have a credit card and use it just before filing bankruptcy can a creditor deny your bankruptcy?
Will your credit rating be affected by your partner filing bankruptcy?
Can a person who filed bankruptcy 10 years ago co-sign for you?
Can you get a loan after bankruptcy in Canada?
After filing for bankruptcy in Canada you may borrow money. The risk is borne by the creditor. During bankruptcy, after filing but prior to being discharged, you may obtain credit with a value of up to $1,000. without advising the creditor of your bankruptcy. Should you seek to borrow more than $1,000 you are obliged to advise the lender that you have filed for bankruptcy.
Is it possible for a creditor to take your monthly salary after filing bankruptcy?
Will filing chapter 7 bankruptcy get rid of a credit card judgment?
Asked in Debt and Bankruptcy
What bankruptcy information should you know before you consider filing for bankruptcy?
Will a closed credit card account receive notice of a bankruptcy filing?
Asked in Credit and Debit Cards, Credit
Can a credit card company sue you if you file bankruptcy?
For filing bankruptcy? No. Filing for bankruptcy is not illegal and your right to do so cannot be waived by contract. For fraud? Yes, but the fraud would have to be proven. For the money you owe? Possibly, but pointless, since they are already a creditor and a successful lawsuit will only make them a creditor, which they were to begin with. It wouldn't even raise their standings in the priority of repayment from the bankruptcy discharge.
Asked in Cars & Vehicles
How can one get a car loan after filing bankruptcy?
If you file for chapter 7 bankruptcy and have the first meeting with the treasurer can you still add a creditor to the bankruptcy?
Asked in Bankruptcy Law
Is a credit couseling program required if I file for bankruptcy?
Asked in Bankruptcy Law
What is a notice of bankruptcy and stay?
When a bankruptcy is filed, an "automatic stay" takes effect, essentially a prohibition against any collection action by a creditor without the court's permission. This occurs even if the creditor has no immediate notice of the filing. Any collection action taken after the filing must be undone by the creditor. If there is a proceeding in a civil court to collect the debt, the appropriate action for the debtor is to notify the court of the filing, giving the name and address of the bankruptcy court, the date of filing and the docket number of the case in the bankruptcy court. This is often called a "suggestion of bankruptcy" or notice of bankruptcy."
Can you use credit cards before filing for bankruptcy?
Does bankruptcy ruin your credit?
This is an incorrect assumption that leads many people to avoid filing for bankruptcy. They fear that a bankruptcy will ruin their credit for a long time and that they will not be able to use credit, rebuild their credit or purchase a home in the future. The reality is that the majority of the people who are considering bankruptcy, already have poor credit, due to late payments, repossessions and foreclosures. Further, most people who file for bankruptcy can rebuild their credit to a relatively good level after two years. This depends significantly on what they do after filing for bankruptcy. It is important that you work toward rebuilding your credit after filing for bankruptcy.
Asked in Credit and Debit Cards, Bankruptcy Law, Credit
What happens if you run up credit cards before filing bankruptcy?
Asked in Cars & Vehicles, Repossession
If your car was repossessedand the company who sold the car to you is filing bankruptcy do you still owe?
Yes. Since the "Car Sales Company" went into bankruptcy, your financial agreement with your "Creditor" (bank, credit card, credit union, etc...) has not dissolved the loan. Check with your creditor (who you send your monthly to?) and/or continue paying for your car. This will help you keep your own personal credit in good standing.
What happens if a creditor garnishes after filing bankruptcy?
Is it okay to tell a credit card company or a collection agency that you are filing bankruptcy?
Yes, in fact they might ask the debtor if that is what they are considering. It is the opinion of some that a creditor might rush to file suit but this is a ridiculous argument, as lawsuits can be stopped and then discharged in bankruptcy. Also it takes an average of 15-20 months for the typical creditor-debtor suit to reach court, as opposed to the average bankruptcy filing of a few months.
If you file bankruptcy will that remove a charge off report from a credit card?
Can you charge on a credit card that is in your bankruptcy AFTER actually filing bankruptcy?