The advantages of filing for bankruptcy are different depending on which chapter bankruptcy is filed. Chapter 13 is more for home foreclosure and auto loans, it's advantages allow the person in debt to pay their debt back over a longer period of time and keep the things they have worked very hard for. Chapter 7 advantages are that the person in debt can make payments for less than a year and be debt free and most if not all of the unsecured debt owed can be dropped.
If your partner files for bankruptcy and you don't then the bankruptcy will not appear on your credit report. But you will be partly responsible for before bankruptcy filing. Generally filing bankruptcy will affect the credit rating of the individual who filed it.
In a Chapter 7 bankruptcy, a person filing for relief is called a
Nope. Monrovia has not filed for bankruptcy
If you wreck your car after filing for Chapter 13 bankruptcy you can file it on your insurance. You can then replace your car based on the bankruptcy order.
Only if the bankruptcy is currently discharged.
"The advantages of filing for bankruptcy are that if bill collectors are calling all of the time, they aren't legally allowed to call you anymore."
If your partner files for bankruptcy and you don't then the bankruptcy will not appear on your credit report. But you will be partly responsible for before bankruptcy filing. Generally filing bankruptcy will affect the credit rating of the individual who filed it.
Filing bankruptcy has no affiliation with religion. If filing bankruptcy is he best financial options available, then you should do it.
If you are filing for personal bankruptcy it is not necessary to have a lawyer. If you are filing for business bankruptcy, you must retain a lawyer on your behalf.
Bankruptcy will not stop a garnishment. You cannot set aside civil judgments by filing bankruptcy.
No - having had a car that was re-possessed will not affect the filing of a Bankruptcy.
In a Chapter 7 bankruptcy, a person filing for relief is called a
No. Bankruptcy is a civil act.
Nope. Monrovia has not filed for bankruptcy
filing bankruptcy is a powerful legal way for the people who are in a very worst financial conditions.It gives them the relief from the creditors harassment.its also provide the advantages like stop foreclosure and automatic stay.
NO
If you wreck your car after filing for Chapter 13 bankruptcy you can file it on your insurance. You can then replace your car based on the bankruptcy order.