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In a Chapter 7 bankruptcy a person filing for relief is called a?
In a Chapter 7 bankruptcy, a person filing for relief is called a
Is it possible for a creditor to take your monthly salary after filing bankruptcy?
No, unless the creditor gets relief from stay or the bankruptcy is dismisssed.
If I filed for bankruptcy months before my house was going to go into forclosure & the bankruptcy was complete,then my house was just about to go into forclosure can I still apply for the Obama mrtge relief plan even though I listed my house in the bnkrpc?
Yes, you can still apply for Mortgage Relief after filing bankruptcy.
Why did CIT Group file for Chapter 11 bankruptcy?
Its bankruptcy filing was largely due to the decline in housing and mortgage markets. It did receive $2.3 billion in Troubled Asset Relief Program (TARP) funds but was ultimately not enough for the firm to avoid bankruptcy.
What is the bankruptcy power?
filing bankruptcy is a powerful legal way for the people who are in a very worst financial conditions.It gives them the relief from the creditors harassment.its also provide the advantages like stop foreclosure and automatic stay.
What does motion for relief relief from stay fee amount 150.00 filed by creditor Iowa law?
When you filed your bankruptcy, the court issued an automatic stay which prevents any creditor from moving forward with collection efforts. For whatever reason, this particular creditor wants to proceed with collection and it must request the permission of the bankruptcy court by filing the motion for relief from automatic stay.
I need financial aid to file bankruptcy?
The federal bankruptcy courts provide various options to individuals who cannot afford to pay their court filing fees needed to commence a bankruptcy case. For example, if your income is below a certain amount set by the court, the court may waive your filing fee altogether. Even if your income does not qualify you for a fee waiver, the court may allow you to pay your fee in installments rather than as a single lump sum, which is much easier for many filers who are living paycheck to paycheck. You can discuss these options with your attorney, as he or she should be able to tell you what relief is available to you given your finances.Good Luck..
If you are filing personal bankruptcy and have a truck you cannot afford should you have it repossessed and include the debt in the bankruptcy?
B/K depends on your situation and there is no standard advice. But that is likely the best thing to do. As you stated, you cant afford it.Ask your B/K attorney. S/he can advise you better. I agree with that answer. Talk to your attorney. Filing for bankruptcy is a legal process and can be complicated so it's important to work out your bankruptcy carefully. Bankruptcy is the best way to get relief from debt.Get advice on bankruptcy and how best to deal with your debts , This independent website has a lot of useful information: http://freshstartsolutions.com.au/bankruptcy/#bankruptcyoption
Can I get debt relief as an individual, or is that only used on a corporate scale?
The best thing you can hope for as an individual in terms of debt relief is debt consolidation. Most debt relief programs are reserved for large corporations or even governments. I believe the only answer is really a debt consolidation aside from filing for bankruptcy.
How do you file a rebuttal for relief from bankruptcy stay?
You file an objection to the motion for relief.
What worse bankruptcy or debt relief?
If you have a pile of unpaid credit card bills and simply can't pay the total amount due. Then you have two options for dealing with the debt you've accumulated: liquidation or bankruptcy. When you declare bankruptcy, you're asking court to wipe your financial slate clean.
Where can I get information about debt relief and bankruptcy?
The FTC offers this comprehensive articles on debt relief http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre19.shtm AND this one on bankruptcy: http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre41.shtm Before you decide which path to take, research all the options.
