The day you go to your hearing and after that all debts are wiped clean and you are declared bankrupt that same day.
No. The lawyer does.
You can legally refinance if you choose to, there are no restrictions from the bankruptcy. With that, you may find that lenders will not approve your loan because of the bankruptcy.
bankruptcy
Yes. Filing bankruptcy does not affect your work status generally speaking.
NO collection activity may occur legally during bankruptcy proceedings.
Not if the debts were actually discharged in the bankruptcy. In regards to the cost of the bankruptcy if the couple were still legally married then that too is not recoverable.
You might have had assets in excess of your statutory exemptions that the trustee is legally obligated to collect and pay your creditors.
Yes< However that does not mean that he/She cant be bankrupted anway,
The heritage of their parents, which is determined by where they were born.
One and the same...going bankrupt means they have legally asked for protection under the bankruptcy laws.
I Have just been discharged from bankruptcy, does this legally mean that my possisions can not be touched and I am not liable anymore for the debt. I wont to know if my house is now safe ?
No, a company in receivership cannot be forced into bankruptcy because the company is already under the control of a court-appointed receiver. The receiver's role is to manage the company's assets and operations to protect the interests of creditors. If the receiver determines that bankruptcy is necessary, they can petition the court for bankruptcy proceedings, but it cannot be forced upon them.