0
Active bankruptcy means an individual or business has filed paperwork for bankruptcy and the case is ongoing. This takes quite some time in many cases and the case can be active for awhile.
Wiki User
∙ 9y ago
Wiki User
∙ 11y agoA bankruptcy is active from the moment of filing until the case is closed. For chapter 7s, that is usually about 6 months. A chapter 13 may be active for 60 months.
Add your answer:
Earn +20 pts
Can you refile bankruptcy if its still active?
no
Can active duty army go through bankruptcy?
Yes
Are you considered to be in active bankruptcy until it is discharged?
Yes....kind of the perfect definition
Does wage garnishment stop the day you file Bankruptcy?
It should, but only for as long as the bankruptcy is active, and only so long as the debt is listed after the bankruptcy is discharged. More accurately, the garnishment must stop when the plantiff in the judgment has received notice that there is a bankruptcy.
Can my wages be garnished by the student loans while i am in a chapter 13 bankruptcy?
If your bankruptcy is currently active, collection efforts on the student loan will cease until the bankruptcy inactive at which point collection activities will start again.
If you file bankruptcy do you lose your contractor license?
No, just as long as your contractors bond is still good and active
During an active chapter 13 bankruptcy if the spouse counter sues for divorce do they also need to obtain a relief from stay from the bankruptcy court for the divorce?
If they are seeking relief with respect to property, then yes.
How long does a debt stay active?
Unpaid debt can remain on your credit report for 7 years. If you have a bankruptcy this can remain on your credit report for 10 years.
You owe your sister money can you file bankruptcy on that loan?
If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.
How long bankruptcy after discharged records stays?
1st bankruptcy = 7 years 2nd bankruptcy = 20 years 3rd bankruptcy = life
Which companies offer information on bankruptcy?
Some companies that offer information on bankruptcy include Dow Jones and Jacob Meyers Bankruptcy. You can also find information on bankruptcy on the bankruptcy Wikipedia page.
When was the Nationwide insurance company declared bankrupt?
There is no easily obtainable record of the Nationwide insurance company declaring bankruptcy. Currently, they are an active company, with enough profit to donate to charitable causes.
