0
Creditors must always eliminate the debt owed by the debtor when there is a bankruptcy.
What else can I help you with?
What statement is not true regarding bankruptcy?
The judicial branch of the Federal Government includes the U.S. Supreme Court.
Which should be statements regarding bankruptcy is false?
A false statement regarding bankruptcy might be that all debts are automatically discharged when someone files for bankruptcy. In reality, certain debts, such as student loans, tax obligations, and child support, are typically not dischargeable. Additionally, the bankruptcy process can impact credit scores for years, and not all individuals qualify for every type of bankruptcy.
Bankruptcy is a legal proceeding that is regulated by the federal government?
true
What qualifies you to declare bankruptcy?
There are General Federal Laws that govern Bankruptcy. Each state may have additional laws regarding bankruptcy. So Is Best to consult an attorney or financial adviser in your state.
Is bankruptcy a legal proceeding that is regulated by the federal government?
true
Where can one find information on Declaring yourself bankrupt?
One can find information regarding a personal declaration of bankruptcy on the Debt Advisory Centre website or the IRS site. One must start by filing for bankruptcy with a bankruptcy petition.
Can college debt be included in a bankruptcy?
No. Educational loans will remain with your during and after the bankruptcy is completed. This holds true regardless of whether you decide to file for Chapter 7 or Chapter 13 bankruptcy.
A bank may file a voluntary petition with the bankruptcy court?
True
Which statement is TRUE regarding infants born to HIV infected mothers?
Which are true statements regarding infant HIV
True or false The act of being declared legally unable to pay one's debts is called bankruptcy?
true
What is true regarding the Buddha?
Many things are true regarding the Buddha. You need to narrow down your question, or give some context.
Can you file for bankruptcy at any time?
The short answer is no. There are legal restrictions regarding when and how often you can file bankruptcy, as well as the type of bankruptcy (if any) you are eligible to file. You will likely need to be able to pay any court and legal fees involved, as well, so proceed with caution.
