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.
a concurrent power
No, the only mention of bankruptcy is that Congress shall have the power to enforce uniform bankruptcy laws.
enumerated power
No
Bankruptcy is serious. The bankruptcy judge has all sorts of power to modify or cancel various contracts including the contract between the union or unions and management. No one rule exists concerning unions. Each bankruptcy is different.
An inheritance is reported to the IRS. Federal bankruptcy officers (judges, trustees) have the legal power to access the person's tax records through the IRS AIS system.
Bankruptcy plays vital role in your life if you are facing financial problems or having unsecured loans like medical bills, repayment loans,wage garnishment. Filing bankruptcy gives you strong legal protection from your creditors. If some one is facing home foreclosure then filing chapter 13 bankruptcy helps a lot. It stops home foreclosure & bring automatic stay.
Yes, under very specific situations. One example is in the event of a Bankruptcy.
If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.
1st bankruptcy = 7 years 2nd bankruptcy = 20 years 3rd bankruptcy = life
Some companies that offer information on bankruptcy include Dow Jones and Jacob Meyers Bankruptcy. You can also find information on bankruptcy on the bankruptcy Wikipedia page.
no , ther not in bankruptcy