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you still have to pay back all debts, just on a stuctured settlement determined by the courts. after declaring bankruptcy, you will not be allowed to have any credit extended to you without permission of the court. if you include your house or any vehicles, you cannot sell them without permission. what it amounts to is the bankruptcy court is in charge of your finances other than monthly utilities. it all depends on which chapter you file-consult an attorney
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Are there federal bankruptcy laws?
Bankruptcy is a federal matter that is governed by federal law. Bankruptcy is filed through the federal courthouse and heard by a federal bankruptcy judge. This site offers a comprehensive overview: http://www.uscourts.gov/bankruptcycourts.html
Can a federal pension be affected by bankruptcy?
Federal or private...NO
Do US District Courts hear matters concerning federal bankruptcy laws?
No. Cases involving federal bankruptcy law are heard in the 94 US Bankruptcy Courts.
How can you delete bankruptcy from credit report?
It is unlikely that you can. Bankruptcy is handled in federal court.
Which bankruptcy removes federal taxes?
Federal income tax can sometimes be discharged in a bankruptcy, but there are several rules that apply. Only one example is, federal taxes must be at least three years in arrears before qualifying for bankruptcy discharge.
In US bankruptcy laws are regulated by?
In the USA the bankruptcy law is regulated by the Federal governs.
In the US bankruptcy laws are regulated by .?
In the USA the bankruptcy law is regulated by the Federal governs.
In the US bankruptcy laws are regulated by what?
In the USA the bankruptcy law is regulated by the Federal governs.
Can you file banruptcy on federal taxes?
You can't. Bankruptcy does not forgive you for federal taxes.
Does your bankruptcy affect a mortgage still held in both your names even though you are divorced?
Yes. You need to consult with a bankruptcy attorney who can explain the consequences under federal and state laws.Yes. You need to consult with a bankruptcy attorney who can explain the consequences under federal and state laws.Yes. You need to consult with a bankruptcy attorney who can explain the consequences under federal and state laws.Yes. You need to consult with a bankruptcy attorney who can explain the consequences under federal and state laws.
Can you file bankruptcy on credit cards that are not in your name but you are responsible for?
check Federal Bankruptcy act 801.3
Can you file bankruptcy for your student loans and keep your house out of it?
If the student loan is a federal loan and not a private loan then the answer is no. Federal student loans can not be included in bankruptcy, you will always be responsible for repayment of FEDERAL student loans.
