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What is the effect of bankruptcy chapter 7 on mortgage loan?
Chapter 7 bankruptcy is also known as total bankruptcy. It's a wipeout of many (or all) of your debts. Also, it might force you to sell, or liquidate, some of your property in order to pay back some of the debt. Chapter 7 is also called "straight" or "liquidation" bankruptcy. Basically, this is the one that straight-up forgives your debts (with some exceptions, of course).
What chapter is bankruptcy known as a straight liquidation?
chapter 7
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
Where can I find some useful information about bankruptcy?
Most individuals who file for bankruptcy do so under Chapter 7, Title 11 of the US Bankruptcy Code. It is the most common form of bankruptcy in the United States. You can visit Wikipedia.com for basic information about straight bankruptcy, and www.uscourts.gov for more detailed, formal information. It is advisable to seek the assistance of an attorney, as bankruptcy cases can be complicated and lengthy.
How will you know when someone who owes you money has filed or is in the process of filing bankruptcy?
Set them straight, what ever position you or they are in.
What is a straight bankruptcy?
Basically, a straight bankruptcy means a Chapter 7 "No Asset" Bankruptcy. This type of bankruptcy is of the simplest form, and I say the simplest because there are no assets involved, and/or if there assets such as a home and vehicle, they are secured as collateral and are under water, such that a trustee would not be interested in selling off for the benefit of the creditors. A Chapter 7 Bankruptcy "No Asset" pretty much takes about 3-5 months from filing to discharge, the goal being to liquidate, if any and obtain a fresh start. Call me at: 1-888-291-6682 for any bankruptcy related questions. I am a licensed California Attorney.
What is the poker straight not same suit?
It is just called a straight. A straight of the same suit is called a a straight flush.
What is a business called that is in danger of bankruptcy?
Financially troubled
A Chapter 13 bankruptcy filing is called a?
reorganization
What is the initial bankruptcy hearing called?
341 MEETING OF CREDITORS
When was A Street Called Straight created?
A Street Called Straight was created in 1976.
What is the direction of the straight up called?
The direction of straight up is called "vertical."
