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How long after bk7 is discharged?
After a Chapter 7 bankruptcy (BK7) is discharged, the process can take several months to finalize, but the discharge itself typically occurs about 3 to 6 months after filing. Once discharged, the debtor is no longer legally obligated to pay most of their debts included in the bankruptcy. However, it may take longer for the bankruptcy to be reflected on credit reports. The discharge also marks the end of the bankruptcy process, allowing individuals to begin rebuilding their credit.
Can a man file bankruptcy without his wife's involvement and if he does how will she be affected?
A husband (or wife) may file for bankruptcy separate from his or her spouse. Technically speaking, this should have no effect on the other spouse as they are filing bankruptcy for their separate debts and you will not be held responsible for their debts nor will it be reflected on your credit report, etc. It is important to note that those debts you held jointly will remain with you (the spouse that did not file for bankruptcy).
If someone authorized your use of their credit card and then had that debt discharged in bankruptcy can they come after you for the debt 10 years later?
No, authorized users of credit cards are not responsible for the repayment of debt incurred regardless of the circumstances. The authorized is not responsible to the credit card company, hence a discharge of the card holders obligation does not relieve them. However, if they had an agreement with the card holder to re-pay them, a debt did exist. Of course, best reflected in a written agreement. That receivable (an asset) of the card holder, had to be reported as such when he went BK, and could have gone to his creditors. In either case, unless the card holder has been continually trying to collect, making demands for payment and such, I suspect in almost any jurisdiction it would be well past the time limit to enforce collection now.
If someone co-signs for another person does it show up on the co-signer's credit report?
Yes, the obligation will be reflected on the co-signer's credit. Lenders do not differentiate between a signer and a co-signer. Both are responsible for the repayment of the loan. If the signer stops making payments, the lender will look to the co-signer for full repayment of the obligation. Co-signer be aware!
Which hurts your credit worse bankruptcy or late payments?
Late payment will drive your credit score into the ground rapidly. Many people question filing a Bankruptcy even though their credit is shot through late payments on mortgages and other bills. Filing Bankruptcy put all collection activity on hold and your accounts show current and up to date as long as you make your payments on time. Most people are surprised tofine their credit in much better shape after a BK than before with a much higher credit score Late payments can always be corrected, and this will be reflected on your credit file. Bankruptcy, however, will stay on your credit file for six years.
What is the name of the ray that represents the light reflected by the surface.?
The ray that represents the light reflected by a surface is called the reflected ray.
What reflected sound is called?
reflected sound is either reverberation or echo
What is a term that means reflected light?
The light which enters is called the incident ray and the reflected light is called the reflected ray.
What is the result of a reflected sound wave?
The result of a reflected sound wave is obviously an echo.
How is color reflected?
Color is reflected when light strikes an object and some wavelengths are absorbed while others are reflected. The reflected wavelengths determine the color that our eyes perceive. Objects appear white when all wavelengths are reflected, and black when all wavelengths are absorbed.
How can a shadow be reflected?
It is actually impossible to reflect a shadow, as a shadow is merely an absence of light. However, what IS reflected is the light surrounding the shadow. When this light is reflected, it forms a reflected image of the light's shape, complete with a lack of light, or shadow. In this way, it can look like a shadow is reflected.
What enlightenment's ideas are reflected in the declaration of independents?
having a monarch who also was a religious leader violated the separation of church and state
