answersLogoWhite

0

Yes.....you are notified of every step of the zillion in the process.

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

What does it mean for a bankruptcy to be discharged?

You may be referring to the discharge of debts in bankruptcy. Not all debts can be discharged. Most discharged debts are partially discharged in Chapter 11 and Chapter 13 actions. Debts or the portions thereof that are discharged no longer exist at law and creditors no longer can attempt collection. It is a "fresh start". You attorney can advise you as to which debts are likely to be discharged, which ones reorganized, and which debts will likely not be discharged.


I had traffic tickets from 7 yrs ago that were sent to collections C O of the court I filed for Chapter 7 Bankruptcy those debts were discharged under the bankruptcy do I still owe the debts?

If tickets were discharged after filing for bankruptcy then someone would not owe on these debts.


How do you know if your bankruptcy is discharged on your credit report?

Bankruptcy does not get discharged. Debts are discharged. The bankruptcy will remain on your credit report for 10 years from the date of filing. The debts that were discharged can remain for 7 years from the date of discharge, showing a zero balance and that they were discharged in bankruptcy.


Bankruptcy does it eliminate all bills?

You probably mean debts, not bills. All debts incurred prior to filing AND all assets are reported and used in the BK. Nothing is excluded and all are given priorities by law. Secured debts may have first call on the money received by the asset they are secured by. Assets are used to pay debts. Excess debts may be discharged. Not all assets are used and not all debts aere able to be discharged - generally things like personal/home items, work tools, a reasonable car, etc are not used and debts like child support, court ordered restitution, are not able to be discharged.


What will happen to a home and cars If bankruptcy was filed?

All debts incurred prior to filing AND all assets are reported and used in the BK. Nothing is excluded and all are given priorities by law. Secured debts (like a mortgage) will have first call on the money received by the sale of the asset they are secured by. Assets are used to pay debts. Excess debts may be discharged. Not all assets are used and not all debts are able to be discharged - generally smaller value things like personal need items, work tools, a reasonable car, etc are not used and debts like child support, court ordered restitution, fines, are not able to be discharged.


What does the term discharged mean?

It basically means to cancel or relieve an individual of an obligation of debt. A bankruptcy court may issue an order of the court that the debts of an individual or business are absolved or do not need to be paid off.


What happens when an executor dies while administering the estate?

The court must be notified of the death and it will appoint a successor.The court must be notified of the death and it will appoint a successor.The court must be notified of the death and it will appoint a successor.The court must be notified of the death and it will appoint a successor.


Can discharged items that were included in a bankruptcy be listed as discharged in bankruptcy on your credit report?

Yes, discharged debts are generally noted as "included in bankruptcy" on a CR.


Can a spouse be reimbursed for debts that were discharged in bankruptcy as part of the dissolution of marriage terms?

Not if the debts were actually discharged in the bankruptcy. In regards to the cost of the bankruptcy if the couple were still legally married then that too is not recoverable.


What does a bankrupt discharge?

The chapter 7 discharge order eliminates a debtor's legal obligation to pay a debt that is discharged. Most, but not all, types of debts are discharged if the debt existed on the date the bankruptcy case was filed. (If this case was begun under a different chapter of the Bankruptcy Code and converted to chapter 7, the discharge applies to debts owed when the bankruptcy case was converted.) Some of the common types of debts which are not discharged in a chapter 7 bankruptcy case are: a. Debts for most taxes; b. Debts that are in the nature of alimony, maintenance, or support; c. Debts for most student loans; d. Debts for most fines, penalties, forfeitures, or criminal restitution obligations; e. Debts for personal injuries or death caused by the debtor's operation of a motor vehicle while intoxicated; f. Some debts which were not properly listed by the debtor; g. Debts that the bankruptcy court specifically has decided or will decide in this bankruptcy case are not discharged; j. Debts for which the debtor has given up the discharge protections by signing a reaffirmation agreement in compliance with the Bankruptcy Code requirements for reaffirmation of debts.


When does a bankruptcy appear on one's credit report i.e. when the bankruptcy petition is filed or when the debt is officially discharged?

When it is filed. A discharge may be opposed by a creditor and there may be listed debts that cannot be discharged, or unlisted debts that may be discharged, so the "discharge" date is irrelevant.


What is the difference between ch 7 and ch 13?

Basically a Chapt. 7 BK is the liquidation of debts and the forfeiture by the debtor of non exempt properties. There are certain debts that cannot be discharged in BK. A Chapt. 13 BK allows the debtor to consolidate debts and make arrangements through the court for the repayment of such.

Trending Questions
Is it possible for someone to be accused of slander, even if the statements they made were true? What is Consideration of user requirements mean? What is the difference between legislature and legislative? What happens after a person is convicted of abduction? What was the name of woman serial killer who owned a hotel or rest home and weaken her victims by poisoning their food? How far to park from a crosswalk? Can mother claim for her child from her husband after divorce? Filed for divorce I have a judgment for child support and custody found out my attorney never filed a order after hearing for divorce does this mean I still married its been since 2002 in California? What are some real life examples in the legislative branch? Can a public defender in Georgia defend people that are not indigent? Why are bifurcations the most outlined minutiae when examining a print? Wilf Pine was the first englishman ever to be accepted into the american mafia but who was the other one? How do criminal cases begin? Are you solely responsible to pay for damages if a tree in your yard falls into your neighbor's yard and damages his fence? Why do court appointed attorneys want talk to their client? Why do people bet in jueteng? In what ways are state constitutions similar to the United States Constitution? How do you defend a trial argument? What was the Result of the Chinese anti-legislation? What disasters in London became the focus of literary works and who were the authors of these works?