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What else can I help you with?
Will your credit rating be affected by your partner filing bankruptcy?
If your partner files for bankruptcy and you don't then the bankruptcy will not appear on your credit report. But you will be partly responsible for before bankruptcy filing. Generally filing bankruptcy will affect the credit rating of the individual who filed it.
Can you spend money before filing bankruptcy?
yes
Does income count AFTER you file chapter 7?
A person's income does not count after filing chapter 7 bankruptcy. All that counts is what you had before filing bankruptcy.
What if your income increases after filing a chapter 13 bankruptcy?
Chapter 13 is more of a repayment plan than a debt wipeout. Because of that, if there is a change in your financial circumstances after filing for bankruptcy then the court needs to be aware of it.
The sheriff has scheduled my home for a sale. Will filing bankruptcy chapter 7 stop this process?
generally filing for bankruptcy puts a stay on the collection of debts, including a foreclosure. get in touch with a bankruptcy atty asap, because there are things you are required to do before filing.
Should you take your money out the bank before filing bankruptcy?
yes
How much debt can you have before filing for bankruptcy?
There's no maximum amount. If you can't make your payments you file bankruptcy.
Do i have to take credit counseling before filing bankruptcy?
Yes, you are required to complete credit counseling before filing for bankruptcy. This counseling must take place within 180 days prior to filing and aims to help you explore alternatives to bankruptcy. After completing the counseling, you will receive a certificate that must be included with your bankruptcy petition. Failure to complete this step can result in your case being dismissed.
What is Prepetition?
Any time before the filing of the petition (of bankruptcy I presume) with the court.
Which taxes are not eligible for bankruptcy?
Payroll taxes and penalties for fraud are not it is not eligible for bankruptcy. If the debtor filed a tax return for the relevant tax years at least two years before filing, then it is not eligible for bankruptcy. If the tax debt is from a tax return that was originally due at least three years before filing for bankruptcy then it is not eligible for bankruptcy. If the IRS assessed the tax debt at least 240 days before the debtor filed for bankruptcy, then it is not eligible for bankruptcy.
What bankruptcy information should you know before you consider filing for bankruptcy?
Bankruptcy is the filing of a petition that claims your assets, and your inability to pay for them. Bankruptcy severely effects your credit, and is present on your credit for 7 years. During this time getting credit cards or loans can be very difficult.
How much debt should you be in before filing a bankruptcy?
id say 20,000 or higher.
