answersLogoWhite

0

Bankruptcy refers to having exhausted ones resources and finances.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

What is the term for a bankruptcy judge?

The term for a bankruptcy judge is "bankruptcy court judge." These judges preside over bankruptcy cases and ensure that the proceedings comply with federal bankruptcy laws. They play a crucial role in determining the outcomes of bankruptcy filings, including the approval of repayment plans and the discharge of debts.


What is the term of bankruptcy judges?

Bankruptcy judges in the United States are appointed for a term of 14 years. They are nominated by the U.S. Court of Appeals and confirmed by the judicial council of the circuit. After their term, they may be reappointed for additional terms. Their role is to oversee bankruptcy cases and ensure that the proceedings comply with federal bankruptcy law.


What is the term used when a bankruptcy is over?

Discharge


What is the legal term for going broke?

bankruptcy


What is meant by the term closing of the bankruptcy?

It just basically means the case is over. There are no more pending proceedings. The discharge has been entered or the case is otherwise dismissed or complete.


If you are not married but live with someone are they counted in the means test for bankruptcy?

When you are living with someone they are not included in your bankruptcy. If you are paying them rent, then the money you pay is an expense and will be considered for bankruptcy.


Can the company who filed bankruptcy stop your long term disability after twenty years paid into this plan when working?

the reason for cancellation is bankruptcy can they do that?


What does pending bankruptcy mean when trying to collect on a debt?

Bankruptcy Means Test and Household Size With a Pending Divorce .


What does apa stand for in bankruptcy?

APA stands for "Automatic Payment Avoidance." It is a term used in bankruptcy to describe the process where a debtor stops making automatic payments to a creditor after filing for bankruptcy.


Can you restart a frozen pension after bankruptcy is discharged or does it become obsolete?

I don't really understand your term "frozen pension." Was it not exempt from the bankruptcy proceedings? Or was it held until a ruling was made and then released when the bankruptcy was discharged?


Where can one file for bankruptcy or fraud?

In order to file for bankruptcy a person will need to hire an attorney or lawyer. Bankruptcy has long term financial consequences for the person so a competent attorney should be hired.


What does the term 'corporate bankruptcy filing' mean?

Corporate Bankruptcy Filing is the name given to the process when a business becomes insolvent and unable to meet their debt commitments. This is in contrast to personal bankruptcy where an individual becomes insolvent.