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If your wife files bankruptcy without you including the debts that are in both names will the credit card comapny that you have a credit card company through find out and cancel your card?
Wiki User
∙ 15y ago
I am not a legal expert, but I understood that unless a partner in a marriage has taken steps to say publicly that they are not responsible for their spouses debts (in advance) - which I would have thought would include informing joint account companies, one partner is wholly liable for the other partners debts in their entirety. This would mean that the total of both partners assets will be used to meet debts during the bankruptcy process. However I am not a legal expert, you need to go and see a solicitor (attorney).
Wiki User
∙ 15y ago
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If you buy a car through the company you own and you personally are the co-signer what happens if the you file bankruptcy?
That depemds on how your "company" was setup. ASK your B/K attorney.
What is the congress role in bankruptcy?
The United States Congress has the authority to establish the laws and regulations governing bankruptcy through the Bankruptcy Code. Congress shapes the bankruptcy laws, including eligibility criteria, debt discharge rules, and the procedures for filing and resolving bankruptcy cases. Additionally, Congress provides oversight of the bankruptcy system, regularly reviewing and amending bankruptcy laws as necessary.
Can you reinstate a dismissed bankruptcy?
If you have come through a bankruptcy you have been through quite a bit. It is important to know that if your bankruptcy was dismissed, it may still be reinstated at a later date.
Can a person get a credit card for going through bankruptcy?
After bankruptcy one has to rebuild their credit rating. If or how fast one will get a new credit card depends on the issuing company. Alternatively one can apply for a pre-paid credit card.
What is meant by the greed of upper management regarding the meadowcraft bankruptcy?
Its means that the president steal the money from a company that needed it to make it through a hard economy.
The act of turning over a company to an independent overseer while going through hard financial times is called?
it is bankruptcy. your'e welcome c;
What typically happens to ones retirement if a company declares bankruptcy?
If a company manages its own retiements system, the funds of the system are lost if the company declares bankruptcy. In the United States there is a system for insuring retirement systems, but the payout to individuals is generally much less through insurance than would have been provided by the retirement system itself. If a company has its employees contribute to a retirement system managed by a third-party provider, those employees who are vested in their accounts may not loose them if the employer declares bankruptcy.
How would someone know when its time to pay the electricity bills?
The electric comapny will send a bill the the address of the home or business owner. It is also possible to sign up for instant payments each month through an arrangement with the bank or credit card company.
Can you include probation fees in bankruptcy?
No. Obligations to the government cannot be discharged through bankruptcy action.
Do state supreme courts hear bankruptcy cases?
No. Bankruptcy cases go through Federal Bankruptcy Court, and are not part of the states' jurisdiction.
What happens when a judgment is against us while in the process of claiming bankruptcy?
If you are filing bankruptcy, you should have a bankruptcy lawyer onboard, and this is a question for him or her to deal with. You do not want to go through a bankruptcy on your own, especially as the bankruptcy rules have changed.
Benefits of bankruptcy?
Filing for bankruptcy will trigger the automatic stay, preventing creditors from taking action to collect their debts, including calling you, suing you, or sending you letters.You may be able to discharge your obligation to repay any of your dischargeable debts.By using the bankruptcy exemptions, many debtors can go through the bankruptcy process without losing any of their property.While a bankruptcy filing will remain on your record for 7-10 years, because many debts can be discharged in bankruptcy, many debtors begin improving their credit rating after filing for bankruptcy. Visit : my profile and click my site for more information about bankruptcy.
