Yes, it will. You only have to pay secured debts in Chp 13 and everything is wiped out in Chp 7.
Bankruptcy Means Test and Household Size With a Pending Divorce .
This is not a question. Good luck. If the question is, "Can one collect unsecured debt from a bankrupt company?" The answer is, "only if property is administered by the trustee."
If it was an unsecured debt, and you did not intend to omit it for some reason that would constitute fraud, it was discharged. If a debt collector is trying to collect it, see a bankruptcy lawyer or a lawyer who handles debt collection defense. You can file for contempt in the bankruptcy court. You may also have rights under state consumer protection laws.
Talk with the people trying to collect and see if you can work something out. Or declare bankruptcy so the debts can be written off.
Chapter 11 is the bankruptcy code issued to a business who files for bankruptcy. This type of bankruptcy protects a business and will allow it to get running again. If a business fails and applies for chapter 7, they must sell everything and give the proceeds to creditors. A person on chapter 11 does not have to do this.
When trying to collect a commercial, you should not be misled.
You can sue the landlord for slander.
The company that is trying to collect should be able to provide the information. If they can't I would dispute the charge with the agency as they are unable to provide documentation of the charges.
i was a landlord in PA trying to evict a tenant who filed for chapter 7 to avoid eviction. Only thing i could do was petition the courts for a relief from stay of bankruptcy to continue with the eviction. Without doing that, the tenant would be protected under bankruptcy law. However, getting the relief from the court can take a month or longer. The alternative is to wait it out until the bankruptcy discharges or gets dismissed, then you can continue with the eviction. Good luck if you have a smart tenant, they will find every loop hole like mine did. It seems like tenants have more rights than landlords.
They can file a lawsuit and if they win (which they probably will) be granted a writ of judgment. The writ can then be executed against any nonexempt property, or as a bank levy or wage garnishment.
what is the maximum percentage or $ for garnishment of wages for alimony in illinois. I have fully completed child support and am continuing to pay for their colleges. I am trying to get alimony lowered but having a difficult time.
You now need to "domesticate"(file) that judgment in the other state's judicial circuit where the respondent now resides.Thank you very much.