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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.

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13y ago

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The power to deal with the subject of bankruptcy is?

a concurrent power


Does the constitution prohibit a state from declaring bankruptcy?

No, the only mention of bankruptcy is that Congress shall have the power to enforce uniform bankruptcy laws.


Which type of power is exercised when Congress makes changes to the bankruptcy laws?

enumerated power


Have power of attorney and am going to bankruptcy court does power of attorney have to be present with meAsk us anything?

No


How does bankruptcy affect union pay?

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.


How would a bankruptcy trustee discover an inheritance after a filing?

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.


How does the bankruptcy power work?

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.


Does the federal government have the power to abolish contracts?

Yes, under very specific situations. One example is in the event of a Bankruptcy.


You owe your sister money can you file bankruptcy on that loan?

If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.


How long bankruptcy after discharged records stays?

1st bankruptcy = 7 years 2nd bankruptcy = 20 years 3rd bankruptcy = life


Which companies offer information on bankruptcy?

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.


Is 7-eleven in bankruptcy?

no , ther not in bankruptcy