If you have a year lease for a house and you pay your rent on time every month can the lease be broken because the property management suddenly found you had a bankruptcy?
If they asked you on the application, and you lied, then, yes, technically, that is a lease violation that gives the landlord the right to terminate the lease. But, you make a very good point - why would they bother at this point? Sometimes, big management companies have hardline policies because they don't want word to get out that they're soft.
Evicting you would be a pain, and not really worth it. They might be smart to write you a letter saying that they will not be renewing the lease when it's up.
yes and no because it depends on the person and were there at because if you have bankruptcy you can ether bee a employee or work your way to your goal as a manger Read More
Circuit City declared bankruptcy because of poor timing and bad management which resulted in constant profit loss. Read More
In bankruptcy, it means any property that belonged to the bankruptcy estate is yours again. Usually because your case ended, was dismissed or the trustee decided to abandon the property as not worth the cost of converting to cash. Read More
A person who is engaged in a bankruptcy proceeding cannot convey property outside of the court proceeding. You should contact the trustee in bankruptcy for advice because the court will want to review the transaction. You will likely need a court order to execute the deed. Read More
In a bankruptcy what does it mean if a creditor filed a motion to release because you got behind on your mortgage?
The lender is requesting to be removed from the bankruptcy procedure. If the request is granted the lender can foreclose on the property or take whatever action is allowed under the laws of the state where the property is located. Read More
If you file bankruptcy because of personal debts related to your business then sell your business after the bankruptcy can the courts take your proceeds?
== == YES. All of your property is considered in a bankruptcy. Your creditors have every right to get at ALL of your property including your business assets. I would be very surprised if the court didn't order the sale of the business to satisfy the creditors demands. Read More
Unlikely, because no lender will give the person a mortgage. There is no legal barrier to buying real property if the person can get the funding. Read More
In Chapter 7 bankruptcy, the bankruptcy trustee cancels many (or all) of your debts. At the same time it might also sell (liquidate) some of your property to pay your creditors. Chapter 7 bankruptcy, also called "straight" or "liquidation" bankruptcy, is so named because the law is contained in Chapter 7 of the federal Bankruptcy Code. Read More
If an offer on a property that is not having the mortgage paid because the owner is going brankrupt how does the potential buyer stand legally?
If the owner has filed bankruptcy the property cannot be sold. It is in the legal possession of the trustee in bankruptcy who cannot sell any property without the permission of the court. You can contact the court for the name and contact information of the trustee and direct any questions you may have to the trustee. Read More
I believe, it is because it is property of the Academy and is, according to the recent Toni Braxton bankruptcy hearing, non-transferable; it is property of the academy and the recipient and therefore cannot be sold without both of their consent. Read More
How do you get a title from the bank if your you have been discharged from a chapter 11 but you can't get the title from the bank?
Real property such as a vehicle or house is not dischargeable in bankruptcy. The debt must be reaffirmed, paid or satisfied or the property forfeited to the lender. That being the case, the person would not be entitled to a clear vehicle or land title from the lender simply because the debt was included in bankruptcy. Read More
The question is what kind of judgment. If it is a judgment lien on property you would have to specficially have the Court void the lien. Mere discharge does not eliminate a valid lien. If you didn't own real property at the time of bankruptcy, generally, a judgment lien cannot attach post-filing. There is no need to eliminate this lien because it is void. Read More
When a judgment is awarded against a man and wife and his company and the husband files bankruptcy on the company but the wife is not a party to the bankruptcy can her wages be garnished?
If both persons were sued and a judgment awarded but only the husband filed bankruptcy and included the debt; the judgment can still be executed against any non-exempt property belonging to the wife and perhaps jointly owned property as well. The legal presumption is that the debt is still owed because it was jointly incurred. Read More
People might choose a 13 over a 7 if they are trying to protect a co-signer or because they have goods/property way above exemption limits. Read More
The person has a lien because they have a legal financial interest in the property. That makes 'protecting' the property very difficult without either purchasing their interest from them or having their interest removed through bankruptcy. Read More
In a Chapter 13 Petition in Bankruptcy, you are allowed to keep all of your property. This is because in a Chapter 13 Petition in Bankruptcy, your Chapter 13 Plan Payment to the Trustee partially depends on the amount of non-exempt assets you own. In other words, although you get to keep all property, the more non-exempt property you own at the time of your filing, the larger repayment percentage you would owe towards your… Read More
No, because the underlying debt would be discharged in the BK. However, if there is a lien placed on your property BEFORE you file BK, then the lien will continue to survive after the BK. Read More
You can file bankruptcy yourself or with an attorney. People choose an attorney because they do not want to mess with all the motions or learning any law and this can cost anywhere from 300 to 500 dollars to start a bankruptcy action. You can keep one vehicle and your house in a bankruptcy. Technically, when you file bankruptcy you file it for everything in a Chapter 7 and that will wipe away all debts… Read More
Most of the hotel today used it in managing their hotel because it gives efficient management, easy and friendly operation, and flexible customized configuration. Read More
Washington Mutual applied for bankruptcy because it had almost $8 million in debt because of a problem with the FDIC. Read More
While you're filing for bankruptcy you may want a bankruptcy lawyer, because it can be very confusing at times and they will be extremely helpful. Read More
It is not so practical buying a house after bankruptcy because if there is no option for you, you might want to sell the house too, but the price would not be the same as you bought it and it is hard to sell one property. Read More
Can a second mortgage be crammed down in a Chapter 13 bankruptcy proceeding if the mortgaged property is in a revocable trust and the mortgagor is technically the trust itself?
No, because the property would be considered to be property of the trustor and not the "trust itself". Moreover, while in certain situations a 2nd mortgage can be stripped (in a process caleed lien-stripping), there is no cramdown on primary residence real property. While a cram-down on non-primary residence real property is POSSIBLE, it is IMPRACTICAL. Read More
A person has a judgment but files for bankruptcy can bankruptcy void the judgment of an earlier date in WA state?
Bankruptcy does not void the judgment. It simply makes it noncollectable because it was discharged in the bankruptcy like any other debt. Read More
What do you mean? Filing bankruptcy is basically the same no matter what the reason for the filing. Read More
Voluntary bankruptcy is when an insolvent debtor brings a petition to a court to declare bankruptcy because they are unable to pay off debts. This form of bankruptcy is meant to create an equitable settlement of the debtor's obligations. Read More
Because you've suddenly seen a girl with a nice pair. Read More
probably not because you would probably have bad credit because filing for bankruptcy so id have to say wait awhile. Read More
Your duck was hand raised and suddenly flew over the fence and onto other people's property. Your other ducks let's say 5 are left there without their sibling. What do you do?
its because it wants to have sex Read More
Yes you can, but not simply because you are in bankruptcy. Rent is not an extension of credit. So bankruptcy is not an issue with regard to landlord and tenant issues. Read More
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? Read More
of course you can. One does not inhibit the other. If you filed for bankruptcy as a couple, then the bankruptcy will proceed during the divorce, it just may complicate things. If you filed for bankruptcy as an individual then there should not be too much of an issue because you were only filing for bankruptcy as to your individual debt. Read More
It can, provided the trust is written properly and, often more important, the transfer of property to the trust is not able to be considered a fraudulent transfer. You should consult an attorney to see if it would work for you, because everyone's facts are different. Todd H's experience: "I put a home in a SPA Trust a couple years ago and recently went through a business and personal bankruptcy. We disclosed everything to the… Read More
Yes you can. There is no legal base for a Bank to fire you for filing bankruptcy..... Filing bankruptcy is not a crime..... I even know people that got hired to work at the Bank after they had filed Chapter 13. I had to file chapter 13 after my divorce and got a raise couple months later at the bank. Not because I filed bankruptcy or because they would have felt sorry for me about… Read More
In general, yes. I don't know of any state that denies gun permits because of bankruptcy. Read More
Should you renew your home owners insurance if you have filed for bankruptcy and your debt has been discharged?
If the note holder has taken possession of the property then they are the current owner, you do not need to maintain a home owners insurance policy. This is because you are no longer the home owner. Read More
The Honda engine goes off suddenly because of a mechanical fault. Take it to a mechanic to fix it. I suspect your Honda engine goes off suddenly because your oxygen sensor is going bad. Read More
Yes, legally spouses are not required to file joint bankruptcy when only one is the debtor. However, if the couple reside in a community property state the nonfiling spouse will still be held responsible for the debt, therefore joint bankruptcy is advisable. In non-community property states, the couple needs to be certain that their property exemptions are properly filed in order to be fully protected. Answer Having only one spouse go bankrupt is something to… Read More
Bankruptcy raises creditors expenses because people get out of paying what they owe. It causes the price of everything to go up because of those who don't or can't pay their debts. Read More
Yes, you can still get a loan even if you have bad credit from a bankruptcy. Everyone deserves a second chance. Read More
Why not, It was written because it wanted to be written. Read More
because they ran out of money..................... Read More
Bankruptcy in the United States is governed under the United States Constitution (Article 1, Section 8, Clause 4) which authorizes Congress to enact "uniform Laws on the subject of Bankruptcies throughout the United States." Congress has exercised this authority several times since 1801, most recently by adopting the Bankruptcy Reform Act of 1978, as amended, codified in Title 11 of the United States Code and commonly referred to as the "Bankruptcy Code" ("Code"). The Code… Read More
A seemingly healthy cat may suddenly become unsociable because they are sick. This could also be because they are scared. Read More
i think that melting is physical property because its liquid and flammability is a chemical property because has their ability. Read More
How can you get your title back if you have filed bankruptcy and the lien holder did not show up for the meeting of creditors?
The creditor does not waive the lien on your auto simply because they did not appear at the 341 meeting of creditors. It is your responsibility to reaffirm (new contract) or surrender the auto. There are situations that may exist where you can avoid their lien if the liened property is not properly perfected. Bankruptcy is not black & white. It is strongly advised that you seek counsel. Read More