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Q: What is the single greatest cause if personal bankruptcy?
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What is the single greatest cause personal bankruptcy?

accumulation of debt


What is the single greatest cause of personal bankruptcy?

accumulation of debt


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Does personal bankruptcy effect business credit?

In a Proprietorship, the personal bankruptcy of the proprietor may cause shut down of business. Whereas in Partnership and Joint Stock Companies, bankruptcy of Partners, Directors effects business credit immensely as bankers become shy in extending further credits to the company.


What is the single greatest cause of war since the dawn of time?

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Your personal bankruptcy was filed in 2000 can your name be added to a CD account?

If your bankruptcy was "discharged" in 2000, then yes. Discharged means it is done! If you are still in a chapter 13 bankruptcy, still paying the trustee--then no. If the trustee finds out about the CD, it will cause lot of problems.


What was the single greatest cause of death of Confederate and Union soldiers?

Infection and diseases. Dysentary was the number one killer.


What was the single greatest cause of deaths of confederate and union soldiers?

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What year did Brennan Manning get quoted for saying the greatest single cause of atheism?

Brennan Manning said the single greatest cause of atheism is Christians. He was referring to the fact that many Christians talk about having faith and so on, but then do not act in a "Christian" fashion. This hypocrisy is said to have turned many away from Christianity and towards atheism.


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If my wife filed for personal bankruptcy are you responsible for her debt?

No you are not. When one spouse and not the other files for bankruptcy they are only doing so with regard to their personal debt. A debt is created by contract between a debtor and a creditor - each debtor must sign the contract to be liable for payment. Therefore, the bankruptcy of one spouse does not cause the other to become bankrupt. Debts where spouses are joint and severally liable for payment will remain with the spouse who has not filed for bankruptcy. Under Chapter 7 bankruptcy, where one spouse's debts are wiped clean, the creditor can go after the other spouse. However, a major advantage of Chapter 13 bankruptcy, where the debtor plans to re-pay her debts, is that the creditor will leave the co-debtor alone, as long as bankruptcy plan payments are timely deposited.