Filing bankruptcy stops all debt-collection actions, whether phone calls, letters or lawsuits. including repossessions, foreclosures and attachments or garnishments. If the case is a c. 7, there is a "341" meeting, where a trustee examines the debtor under oath as to his/her assets and income and certain kinds of pre-filing activity. If there are no problems, you receive a discharge, which permanently prevents all collection actions on the discharged debts.
If it is a c. 13, there has to be a plan, and if the plan is approved and completed, you will get a discharge, as well as getting caught up on all secured debt arrears.
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.
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.
Filing bankruptcy has no affiliation with religion. If filing bankruptcy is he best financial options available, then you should do it.
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
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.
Bankruptcy is when a person or a firm thinks that they are in financial crisis, they go out for filing bankruptcy in related court.
Only if the bankruptcy is currently discharged.