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What else can I help you with?
What happens when a creditor doesn't file a proof of claim in a bankruptcy case?
If it is not a secured debt it will be included in the bankruptcy discharge.
If you incur a debt after you file a bankruptcy can you claim it on the next petition?
Under the new bankruptcy rules, this would be hard to impossible to do.
What type of lawyer should you seek for a medical claim in Illinois?
Depends on what the issue is. If you want to put in a claim for medical malpractice, you need a tort attorney, the type that normally does personal injury cases. If you are looking for debt related issues, a bankruptcy attorney would be the ones to talk to.
Is a negotiable promissory note owed to a friend a priority claim when filing for bankruptcy?
No, it would be a nonpriority, unsecured debt.
Can a creditor file an adversarial claim in bankruptcy court in a personal 7 bankruptcy for something that they contend occurred during a business bankruptcy 2 years previous. No claim was filed then.?
No, a creditor is required to file a claim if seeking payment, otherwise that claim is considered waived. So in this case. if there was no claim, then it was waived and the debt discharged. But even if it was filed, it would have been discharged in the business BK.
What are the main reasons for filing bankruptcy?
The main reasons for filing bankruptcy are overwhelming debt, loss of income, medical expenses, and inability to pay bills.
Are you liable for debt cancelled in bankruptcy?
No you are not, If you deglared bankruptcy, that cancels your debt
How many people file bankruptcy due to medical costs?
Tons and Tons. Many hard working people are driven to Bankruptcy due to overwhelming medical debt. This is an unknown amount as this would be listed as an outstanding balance rather than a specific reason, medical costs like any other unsecured debt "could" be one of the reasons people do apply for bankruptcy
What happens to a mortgage after a bankruptcy?
What happens to a mortgage after bankruptcy depends on whether or not the debt is reaffirmed. If the mortgage is reaffirmed the homeowner continues to pay it as if the bankruptcy had not been filed, since the debt has not been discharged. If the debt is not reaffirmed, what happens to the mortgage depends on the policies of the individual lender.
Is recourse debt subject to discharge in bankruptcy?
Recourse debt can be subject to discharge in bankruptcy, but it depends on the specific circumstances of the bankruptcy case and the type of recourse debt involved.
Can you file personal bankruptcy and medical bankruptcy within a short time period?
If you are referring to a chapter 20 (chapter 7 + chapter 13), then yes it is possible. The BK court doesnt differentiate between the types of debts (i.e. taxes, mortgages, medical debt, or credit cards) so you cannot file a chapter 7 for personal debt, and then expect to be allowed to file a chapter 7 for medical debt soon after.
I cosigned for an ex girlfriend on a personal loan and she has now filed bankruptcy. Is it possible for me to sue her for the debt?
There is no way a judge will allow her to add a cosigned account to a bankruptcy case. Being that you may be able to pay the debt, the judge will be forced to deny the claim. However, if it does slip through, you can file suit against the court to get the bankruptcy recinded. Just to answer your question, hypothetically, if it did slip through and you could not figh it you could not sue her because the debt has already been settled as a bankruptcy. So you see how it's not possible for her to claim the account in the first place.
