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If you just divorced and already have foreclosures and repossessions on your credit report will filing bankruptcy help your credit score?
Wiki User
∙ 8y ago
No, filing bankruptcy will never help improve your credit score, it stays on your report 10 years whereas a repo or foreclosure normally remain 7 years. So bankruptcy would only make your credit worse.
Wiki User
∙ 8y ago
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Can you file bankruptcy on your house if already in foreclosure?
Filing for bankruptcy may enable you to recover your house from foreclosure. However the bankruptcy would entail dealing with your entire debt situation, not just the house.
What is the best method to stop foreclosures?
The best method to stop foreclosures is to pay any arrears that are due and to keep up with repayments when due. In addition to this, if one is already in arrears and facing foreclosure, then one may speak to their mortgage company about a repayment plan. Generally mortgage companies would prefer to just receive the money that they are owed than have to lose money on auction fees and other expenses associated with foreclosures.
What if the debt is incurred after the bankruptcy filing but before the bankruptcy discharge?
When an individual files for bankruptcy, he/she must list down all the creditors and debts that they have. If the bankruptcy has already been filed and the individual has incurred new debt but has not yet been discharged by bankruptcy, that new debt is not included in the bankruptcy discharge. For an official opinion, it is advised you seek legal counsel. It is really important to seek legal advice from the expert about filing for bankruptcy.
If you filed bankruptcy in Dec of 2004 can you get your refund that has already been taken for 2002?
No, the IRS will get to keep it. And, even if you could get it back, the bankruptcy trustee would probably take it to distribute to your creditors.
How do you force a person who has filed bankruptcy and given up their interest in a property to sign a quit claim deed?
You need to contact the trustee in bankruptcy. The bankrupt hasn't "given up their interest" unless they have already executed a deed. Their interest may be subject to the bankruptcy proceeding.
If a credit card company has sued you and the judge has your wages garnished can you include that credit card in your bankruptcy?
Yes! That's one of the most important parts of bankruptcy filing, the Automatic Stay, which STOPS garnishments, foreclosures, etc immediately. To the extent that your wages have already been garnished, you will not get that money back.
Can you include your home in a bankruptcy after the bankruptcy has already been discharged?
No.
Are Tim hagan and kate mulgrew divorcing?
They are already divorced.
Can you file bankruptcy if you were already sued?
Sure. Common.
Is brent celek getting divorced?
He already did. Brent Celek is currently divorced and single.
Are Avril Lavigne and her husband Deryck Whibley already divorced?
Updated: Yes, they are getting divorced.
If you have already filed bankruptcy but have not been to your hearing yet can you add a medical bill that has just happened to the bankruptcy?
No, only pre-petition debts may be discharged in a bankruptcy.
Is there a time limit for banks to foreclose on your home after filing bankruptcy been discharged?
The bankruptcy law does not set a time limit for banks to foreclose on your home after filing bankruptcy. In fact, banks are prevented from foreclosing or continuing a foreclosure already in process upon the filing of a bankruptcy without first obtaining an order from the bankruptcy court allowing it to foreclose or continue a foreclosure already commenced.
Can a person file Chapter 7 bankruptcy if their spouse already has?
Yes, you can.
Does bankruptcy ruin your credit?
I am certainly no fan of bankruptcy...and the fact is, if youfind it nessasary to do it, in virtually all cases it means you really need to change your life...your failing on your promises and living in a way you can't afford...or just shouldn't...and if you don't change problems will continue. BK is something that one would do when they have already basically gotten themselves into an irretrievably bad situation...where their life is and will continue to be pretty well ruined as it is. Basically...in such a situation that something that would be terrible and life ruining to anyone else..seems like an improvement to you. And then it may well be.
Can you file bankruptcy on your house if already in foreclosure?
Filing for bankruptcy may enable you to recover your house from foreclosure. However the bankruptcy would entail dealing with your entire debt situation, not just the house.
Are Angelina Jolie and Brad Pitt already divorced?
No, Angelina Jolie and Brad Pitt are not already divorced. They have not even been married before. They did, however, become engaged in April 2012.
