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Bankruptcy refers to having exhausted ones resources and finances.
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∙ 11y ago
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What is the legal term for going broke?
bankruptcy
What is the term used when a bankruptcy is over?
Discharge
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.
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 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.
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.
What does pending bankruptcy mean when trying to collect on a debt?
Bankruptcy Means Test and Household Size With a Pending Divorce .
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.
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?
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.
What does the phrase dissolved Member Possessed means?
This term is used in an operating agreement when referring to the section about death, Incompetency or bankruptcy of a Member. I don't know how to translate it into Spanish. I need help, please!
What is the meaning of debtor's petition for bankruptcy?
It is the term for the formal documents and justification given for someone asking the Court to provide protection from creditors under the bankruptcy laws.
