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What else can I help you with?
Can you file chapter 13 because of gambling addiction?
Yes, you can file for Chapter 13 bankruptcy if you have a gambling addiction. However, you must demonstrate that you have a feasible repayment plan to satisfy your debts as part of the bankruptcy process. It is essential to seek advice from a bankruptcy attorney to navigate this complex situation.
What happens when filing bankruptcy because of gambling?
Whether or not you lost money gambling has nothing to do with bankruptcy. The question is whether or not you can pay your bills. Do you make Twenty thousand a year and owe two hundred thousand? Are bill collectors at your door day and night? Then you file bankruptcy.
Is a 1099 a considered debt forgiven?
If a debt is "forgiven," it is income to the debtor, and a 1099 is issued by the mortgagee or the creditor. You may not have to pay it, even if you don't file bankruptcy, if the debt was a mortgage on your residence.
Do you have to file a 1099 c if you filed bankruptcy?
It MUST be issued. The tax effect may change because of the BK, but that is for the one receiving it to prove to the IRS...it is not anything involving the lender.
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.
If you file bankruptcy?
What happens if you file bankruptcy differs depending on what chapter of bankruptcy you or your business decides to file under. The most common form of bankruptcy for the individual is Chapter 7. Under Chapter 7 bankruptcy, the banks may liquidate property and assets-except things that are explicitly protected. After this, most debts are forgiven-but not all, as certain debts do not qualify. Your credit score will then be severely damaged by the filing, but you will be free to slowly bring it back up as you will not be suffocated by debt. The article below goes into further detail on the process of bankruptcy.
Did Deltona Corporation file bankruptcy?
No they never did file for bankruptcy
How many year after you file bankruptcy can you file bankruptcy aging?
If you are talking about a Chapter 7 bankruptcy, It takes 7 to 9 years after you can file bankruptcy again.
Will the credit of the co-owner but not cosigner of your car be affected if you file bankruptcy?
No, because the co-signor is not file a bankruptcy with you and the creditor will go after the co-signor instead of you.
If you are planning to file Chapter 7 can you obtain a loan to buy a car before the filing?
You can but 1, if your financial situation is such that you're considering bankruptcy, you almost certainly won't get approved and 2, it wouldn't necessarily be forgiven or dismissed as part of the bankruptcy.
Why did General Motors ford and Chrysler file for bankruptcy?
They did not file for bankruptcy.
Did ballenger construction harlingen Texas file for bankruptcy?
No, they did not file for bankruptcy.
