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Bankruptcy or bk begins with document gathering. Documents such as your last 2 to 3 years tax returns, a minimum of 6 months pay stubs with YTD earnings, w2's, Basic info of debtor and joint co-debtor that includes ssn of debtor, and any summons and complaints and request for moneys or related cases. The debtor then needs to complete a credit counceling course through a company like springboard. With that done u can enter infor in the voluntary petition, run credit rept assign debts to schedules and import. next the debtor need to sign a statement of social security and electronic filing declaration and do the math to check if debtor passes the means test. This is only an extremely brief description of the process, its quite in depth and can be further complicated if debtor does not qualify under the median income. Erik Stuenckel, Univ Of La Verne grad, legal assistant
What else can I help you with?
If you file bankrupsy will you be able to get a home mortgage?
can i get a mortgage if i filed bankrupsy a year ago
How do you get bad credit taken off after the 7 years?
One thing you could do is file for bankrupsy.
When you file for Bankrupsy and have a debt around 50000 do you pay a certain percentage back?
No. Your assets that can be used to pay the debt determine how much is paid back.
You hade bankrupsy does that mean you have apromisary note?
if i hade bankrupsy i are ready filed does a promisary note come with that
Can i file for bankrupsy while i still have studrnt loans to pay?
Yes, but in the United States, student loan debt cannot be discharged in bankruptcy. You will still owe the money, and the interest.
Can i file for bankrupsy after I've been issued a subpoena?
Unless you are under some kind of court order which "stays" any actions on your part, you are not prohibited from filing or doing anything that is lawful and proper.
Is child support part of your gross in income when filing bankrupsy?
no
Will production of dodge challenger classic continue?
Once Chrysler comes out of bankrupsy it will continue.
When calculating your monthly income on the bankrupsy means test do you use your gross or net income?
Gross.
Do we have to pay taxes on a house that we gave up filing for chapter 7 bankrupsy 2 years ago?
No
How do you protect your inheritance if you file bankrupsy?
Inheritance may be protected during bankruptcy by using exemption laws or setting up a trust. It's important to consult with a bankruptcy attorney to understand the options available in your specific situation. Additionally, being transparent with the court about the inheritance is crucial to ensure compliance with bankruptcy laws.
What happens to your GM stock after they file for bankrupsy?
Stock almost always becomes entirely worthless in bankruptcy. That said, the auto Cos are clearly a special situation...and while the stock becoming worthless is still almost certain...it is possible some small equity position will be held for existing stockholders. But any value will be very small.
