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If the debt is included in the bankruptcy, the only option is to petition for the stay to be lifted. This is seldom granted unless it is secured property, or there are mitigating circumstances.

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20y ago

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Related Questions

Can a person who declared bankruptcy be bondable?

Yes, a person is still bondable. They just have to be able to pay their bond or have a clear background check to be bondable.


How do you collect a Civil Court judgment if the defendant declared bankruptcy?

If the defendant declared bankruptcy, you may need to file a claim with the bankruptcy court to try and recover the debt owed to you. However, your ability to collect on the judgment may be limited depending on the type of bankruptcy and the specific circumstances of the case. It's advisable to seek legal counsel to understand your options and rights in this situation.


How old was Michael Jackson when he declared bankruptcy?

He never declared bankruptcy.


What companies have filed bankruptcy in Michigan?

While many small companies (mom and pop) business have declared bankruptcy the biggest is GENERAL MOTORS who declared bankruptcy.


Can you hold your passport after you get declared bankruptcy?

A bankruptcy filing or discharge in bankruptcy should not have any effect on your US passport.


Can you travel to the USA if you are bankrupt?

If your country's laws allow you to travel to the US with the legally declared bankruptcy, which can be on a person's public record for 5 years to life depending on the country, then that bankruptcy by itself will not prevent you from traveling to the US. In the US declared legal bankruptcies are considered a civil matter, which are about contractual obligations, and NOT a criminal matter, which are actual violations of the law, so the US State Department will not prevent individuals from traveling to the US based upon their declared bankruptcy. In the US NO ONE, even an international visitor, is barred from any travel due to a declared bankruptcy, or as US law states, a discharged bankruptcy.


Can company officers collect unemployment compensation in Pennsylvania?

Although corporate officer wages are subject to PA UC taxes they may only collect Unemployment compansation benefits in extreme cases, i.e., declared natural disaster, forced bankruptcy.


Can a person file a lawsuit against a different person who is already in bankruptcy?

Not to collect a debt, that must be handled through the BK process. Anything else, yes.


Many struggling American industries declared?

bankruptcy


The act of being declared legally insolvent?

bankruptcy


If you have declared bankruptcy can you serve as an army ranger?

Yes


When is a person declared bankrupt?

A person is declared bankrupt when they are unable to repay their debts and seek legal relief through a bankruptcy court. This typically involves filing a petition that demonstrates their financial situation and inability to meet obligations. Once the court approves the petition, the individual is officially declared bankrupt, which can lead to the liquidation of assets to pay creditors or a structured repayment plan. Bankruptcy laws and processes may vary by country or region.

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