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It gets a little complicated...but only a little. (Below is from the point of view of the creditor).
If you weren't listed...which you were supposed to be...and the debtor swore to the court that they provided truthful and accurate info on all known creditors (as well as income items)...then they may be found to have committed a fraud and can now face criminal problems too. Courts and judges, which are the ones lied to, take this very seriously...even personally. (Makes collection that much easier). Certainly, if you can show that they knew or should have known of their debt to you and still didn't list you to provide fair notice...his new problems and that your debt wasn't discharged and is still collectible are likely.
If you were listed, or the debtor can show there was some basis for not listing you, and hence you didn't receive notice of the requirement to file a claim...and depending on how all the public notices requirements to provide everyone concerned a chance to hear about and file their claim were followed, your debt may still be considered discharged.
What else can I help you with?
How do you challenge the reports if you have bad credit?
send letter to the credit reporting agencies . they will have to send letter to the creditors who will have 30 days to respond. if they dont the debt has to be removed from your credit record.
Can you keep a credit card if you dont list it on your bankruptcy and want to keep it but file bankruptcy on all other debt?
You are not supposed to do this. You need to list all of your debt. In all likelihood, what will probably happen is that the credit card will find out about it anyway and cancel the card. Even if you have a 0 balance, the credit card will probably take it upon themselves and cancel the card.
Is a cosigner still responsible if the first party filed bankruptcy but reaffirmed the car loan?
The company wants their money so if the primary doesnt pay then the cosigner must. Their is no way of getting around this. Bankruptcy should be outlawed. If you cant afford things dont take on the debt.
If you dont pay your property tax will that affect you in filing bankruptcy?
Well they just don't go away if you ignore them if that's what you mean. The taxes will be a claim, a secured claim, in your BK. It will affect what is availabel to pay others and may well affect your chances to save the property they are on.
Will bankruptcy clear driver responsibility?
yes alot of people dont know but yes it will
I am in debt with several small creditors and am on a fixed income I dont want to file for bankrupcy unless i have to then will loose everything What are my options?
If you are in debt with several creditors and don't want to file a bankruptcy you can try to get a consolidated credit repair company to help you to manage the debt.
What happens if you dont pay after filing bankruptcy?
Assuming its a chapter 13 bk, if you dont make your plan payments the court will dismiss your bk- allowing creditors to resume collection efforts
You owe a lot in cretit debt you dont own any vehicles if you declare bankruptcy will they take your wife s cars?
Not if you have no ownership interest in the vehicles. That is, your name is not on the title and you are not in a community property state. You cannot give your wife your car before filing, either.
Does past personal bankruptcy effect new llc and members and are they liable for any past debt?
Yes i dont know why
If I dont pay my bad credit how long before it legally becomes void?
There is no statute of limitations on debt. If you owe it, you always owe it, unless the debt is 'discharged' during a bankruptcy proceeding.
Does Chapter 7 Bankruptcy discharge past state income tax debt?
dont buy as many condoms, and you wont become bankrupt.
Do you have to be working to file for bankruptcy?
There are three types of bankruptcy namely Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, and Chapter 11 Business Bankruptcy. Chapter 7 bankruptcy will discharge most types of debts for the average citizen. It will stay on record for ten years, but the major benefit is the stay it provides which prevents creditors from hassling you. On the other hand Chapter 11 bankruptcy is used by businesses, not citizens, to reorganize debts while Chapter 13 bankruptcy is wage earner's bankruptcy, which allows you to repay your debt through a plan. Among these three, Chapter 13 bankruptcy is considered as the best option for people with a steady income, who happen to have fallen behind in loan payments. idk and i dont give rats a**. hahahaha
How do you challenge the reports if you have bad credit?
send letter to the credit reporting agencies . they will have to send letter to the creditors who will have 30 days to respond. if they dont the debt has to be removed from your credit record.
Is inheritance exempt in Bankruptcy?
No, the BK Trustee is to be notified of any inheritance received within 6 months of filing BK (even if you have already had your BK case discharged and closed). Short answer- no, you dont get to keep it unless you receive it more than 6 months from filing BK.
Can you keep a credit card if you dont list it on your bankruptcy and want to keep it but file bankruptcy on all other debt?
You are not supposed to do this. You need to list all of your debt. In all likelihood, what will probably happen is that the credit card will find out about it anyway and cancel the card. Even if you have a 0 balance, the credit card will probably take it upon themselves and cancel the card.
Is a cosigner still responsible if the first party filed bankruptcy but reaffirmed the car loan?
The company wants their money so if the primary doesnt pay then the cosigner must. Their is no way of getting around this. Bankruptcy should be outlawed. If you cant afford things dont take on the debt.
If you keep a car after filing bankruptcy can you turn the auto in later?
IF the lender will accept it. they dont always pick them up, it depends on the condition of the car, VALUE of the car, amount owed, time of sunrise in New Zealand, ect.
