0
What else can I help you with?
What is meant by the term voluntary insolvency?
Voluntary insolvency, also known as voluntary liquidation, is a type o liquidation or bankruptcy that is supported by the members of the Board of the company and is not forced by Chapter 7 bankruptcy.
How soon can you file bankruptcy after a voluntary dismissal of a chapter 13?
is it safe to file for voluntary dismissal of chapter 13 bankruptcy
Which is better to file bankruptcy or voluntary repossession?
file bankruptcy that bay you wont loose your stuff
What is Chapter 1 Bankruptcy?
It is a voluntary (creditors) chapter 11
A bank may file a voluntary petition with the bankruptcy court?
True
Can a court order a company or person to file bankruptcy in the state of Georgia?
Bankruptcy is normally voluntary, however if your creditors feel it is required for them to get paid and you refuse, they can force it - an involuntary bankruptcy.
What is the difference between a chapter 11 bankruptcy voluntary dismissal and a chapter 11 bankruptcy dismissal via consent order?
There really isn't much difference in these cases. The difference is just one of how they were filed. Both are voluntary dismissals.
If you request a voluntary dismissal can a debt listed in the bankruptcy still be paid off?
Yes.
What is the importance of an individual voluntary agreement?
The importance of an individual voluntary agreement is that it protects you from bankruptcy. If 75% of the creditors agree with your plan, the remaining have to follow the plan in law.
What is the business bankruptcy law in New york?
According to law a business may go into voluntary bankruptcy, or it may be taken to court by creditors. This may result in the liquidation of the company assets.
What are the key provisions and implications of filing for Chapter 8 bankruptcy?
Chapter 8 bankruptcy does not exist in the U.S. Bankruptcy Code. It seems there may have been a typo in your question. If you meant Chapter 7 bankruptcy, it involves liquidating assets to pay off debts. If you meant Chapter 13 bankruptcy, it involves creating a repayment plan. It's important to consult with a bankruptcy attorney to understand the specific provisions and implications of filing for bankruptcy.
How do you do a ch 13 voluntary dismissal?
To initiate a Chapter 13 voluntary dismissal, you must file a motion for dismissal with the bankruptcy court where your case is pending. This typically involves completing the necessary forms and providing a reason for your dismissal. It's important to notify your creditors and the bankruptcy trustee, and you may need to attend a hearing if the court requires it. Once approved, your case will be dismissed, and you will no longer be under bankruptcy protection.
