Bankruptcy is protection from people who are owed money. When a person has so many debts that they cannot pay them in a timely fashion, they are liable to their property being seized by the creditors, as well as wages being garnished. To prevent a person from losing their means to survive, laws have been enacted which allow a person to go before a judge and arrange for some of their debt to be forgiven, in return for surrendering some of their assets and income. This allows creditors to receive some compensation for the money they have lost, and the debtor to continue to work and generate income. These laws grew out of practices such as putting people who could not pay their debts in prison, where they could not earn any money at all, and taking a persons house for a debt which totaled a small fraction of what the house was worth.
If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.
No you can not file bankruptcy on anything that is court ordered.CAN YOU FILE BANKRUPTCY ON RESTITUTION?
No they never did file for bankruptcy
can you file bankruptcy utah unenploment
If you are talking about a Chapter 7 bankruptcy, It takes 7 to 9 years after you can file bankruptcy again.
You do not have to be unemployed to file bankruptcy.
They did not file for bankruptcy.
No, there's no law that states you have to file bankruptcy.
Yes you can file for bankruptcy if you are unemployed.
No, they did not file for bankruptcy.
No, both parties on a joint mortgage do not need to file bankruptcy. They can file a joint bankruptcy or a single bankruptcy.
Anyone who is a resident of the state can file for bankruptcy in Wisconsin. There is no restriction on who can file, only for which chapter they can file in.
what companies did file a bankruptcy in 2005,2006 and 2007.
Depends on file bankruptcy for, and the bank and what they want to do.
No, you cannot file my cell phone bill in a bankruptcy. However, you can file YOUR cell phone bill in a bankruptcy.
PEOPLE file for bankruptcy because of economic circumstances. Divorced men would have less motivation to do so than many, as child support is a debt that cannot be changed by bankruptcy.
Yes, if you file bankruptcy your file needs to be updated to show you no longer owe. If it does not you will need to file a dispute with chexsystems and have the error corrected. Some people have been removed from chexsystems after a bankruptcy. They do NOT have to remove you but they must have an accurate file showing a balance of zero
Yes, you can file with an income coming in, which chapter of bankruptcy you file depends on your income
Can you file bankruptcy if you caused a car accident?
what are the various categories of bankruptcy individuals can file for?
If your business is a separate entity, no.
No, if you mean, can you single out this debt to "file bankruptcy on." You file bankruptcy on ALL your creditors. You don't get to pick and choose. But you can certainly include such a debt in bankruptcy.
8 years between discharge of bankruptcy to re-file.
In a FEDERAL Bankruptcy court