0
Yes, if you fail to disclose all your assets, including any claims you may have for damages or equitable interests that are not yet "ripe," or if you answer any questions falsely or knowingly provide false information. No, if you mean can anyone fire you or discriminate against you because you filed bankruptcy. In states that allow employers to fire at-will employees for no reason, you can be fired. But if you are fired for filing bankruptcy, you may have a defense. Your credit score will be affected, but if you have to file bankruptcy, it probably is not very good any way.
What else can I help you with?
Chapter 13 bankruptcy be dissimisal?
You can get a Chapter 13 bankruptcy dismissal by asking your lawyer to ask the trustee for a dismissal. If you are having trouble making the payments, you can ask for you bankruptcy to be modified.
Can i get a loan then declare bankruptcy immdiately?
That would be fraud. The creditor can get you in trouble. You should wait a month or two.
Can you refinance during a bankruptcy with only 9 months left to pay?
There is no law against it but you might have trouble finding a lending institution that will work with you.
Do you have to list all credit cards when filing for bankruptcy even one with a 0 balance?
Yes, you have to list EVERY creditor that you have an account with, even those that you are current with or have no balance due. You can run the risk of getting in trouble with the bankruptcy court if you don't.
If I hide my car until I file bankruptcy can I get in trouble?
If you hide your car before you file bankruptcy and get caught, it is fraud and as far as im aware there will be a prison sentance. If you need to file bankruptcy in the first place then maybe selling your car would be a good idea to pay off some of your debt to try and prevent bankruptcy, because it is a very serious thing and not recommended as a get out clause for not paying debt.
Can i withdrawl my 401k while in chapter 13 bankruptcy in Louisiana?
Bankruptcy is a federal procedure in a federal court. What state you are in is irrelevant except for exemptions. Your 401(k) balance is exempt by federal law, but once you withdraw money from it, that money is no longer exempt, and the trustee will want it to be applied to your plan. If you withdraw it and fail to disclose that to the trustee, you may find your bankruptcy in serious trouble. Don't do it.
Why does the law allow people to file for bankruptcy?
People get into financial trouble and it allows them a new start. They have it on their credit report for 10 years so they aren't getting away with anything.
Bankruptcy Where do bankruptcy proceeding happen?
Usually, people do a couple of things when they are considering this option. Firstly, they may talk to some close friends and/or browse the net. The trouble with each of those methods is that the information is generally imprecise and relatively generic. There are no two situations the same, as everyone has a distinct set of financial scenarios that must be considered in this process. Visit my profile/site for more information about bankruptcy.
Should wife be placed on deed before filing chapter 13 bankruptcy?
You will need to discuss this thoroughly with an experienced bankruptcy lawyer. Mortgages usually do not allow a change in title without the consent of the mortgage holder, and it can trigger acceleration of the mortgage and require immediate poayment of the whole balance due. If the wife has good credit and the mortgage is in trouble, it may affect her ability to borrow after the bankruptcy, so don't do it.
What are the pros and cons of bankruptcy refinancing?
The pros to refinancing in bankruptcy are: You can refinance your home and pay off your trustees if you have enough equity in your home. You can save money each month and start rebuilding your credit. Cons: you'll need to wait untill your 37th month of bankruptcy if you don't want to be held responsible for the unsecured debt that you filed for. Interest rates will be higher and you may have trouble finding a lender.
Can you purchase a home after you file bankruptcy and surrender your current home?
After your discharge, you can purchase a home at any time. If you pay cash, you may have some serious problems explaining where the money came from and why it was not reported in the bankruptcy documents. If you apply to borrow, you will have trouble qualifying for a mortgage, since credit score will be low, due to the bankruptcy and the poor credit you had prior to filing. You will have to be serious about repairing your credit score, and it will take 3-4 years for you to do that.
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.
