What is your question?
when he trades on his own .. he will go bankrupt
There are many dangers of refinancing a home mortgage, one of the biggest ones is the possible loss of your home and going bankrupt. Meaning that one would lose all that they own.
If you lost the home or no longer own it you can do chapter 7 (if eligible) and have this debt eliminated. If you are still in the home and want to keep the home but reduce or eliminate the second look at a Lien strip through Chapter 13.
Can you be a teacher if you go bankrupt ?
Absolutely, anyone can go bankrupt!
when he trades on his own .. he will go bankrupt
There are many dangers of refinancing a home mortgage, one of the biggest ones is the possible loss of your home and going bankrupt. Meaning that one would lose all that they own.
Please express that more clearly, especially "and a share" . It's very hard to understand what you want to know.
If you lost the home or no longer own it you can do chapter 7 (if eligible) and have this debt eliminated. If you are still in the home and want to keep the home but reduce or eliminate the second look at a Lien strip through Chapter 13.
If a person owns a house they can do what they wish with it (within the law). If they are declared bankrupt and they no longer own it then they have no say in what happens with the house. It is no longer theirs.
if they cant pay for it they will lose the home
Nope.
Yes, everyone should have umbrella insurance. It will help cover you if an accident happens on your property and it is deemed your fault. Normal insurance has liability limits and it will keep you from going bankrupt after a lawsuit.
I was made bankrupt on June 6th this year 2008 i already held a personal licence can i still use it
No, you will have had to have sold the house and have proof of doing so i believe at least two years before you become bankrupt, they changed laws after realising people did this.
i think he went bankrupt somewhere and he died at 27 when he drowned in his own vomit
they went bankrupt, helped America's revolution, and started their own.