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Debt and Bankruptcy

State of owing money to creditors. A person or organization is bankrupt when judged to be legally insolvent.

9,073 Questions

Is chapter 7 good for a judgments and old bills credit cards?

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Asked by Wiki User

yes! because in Chapter 7 bankruptcy is considered a straight liquidation of unsecured debt. In simpler terms, this means that all unsecured debt is discharged. in short its a judgement for your term in credit card bills.

Why did toni braxton go bankrupt a second time?

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Toni Braxton said she was millions in debt because of her heart condition when she filed bankruptcy a second time.

Will bankruptcy payment be lowered when house payment is out of default?

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Yes. in support with your bankruptcy lawyers experts.

Can a licensed insurance agent file bankruptcy?

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Yes of course.

Insurance agents are people too. Just like anyone else, they can run into insurmountable financial difficulties.

However, an insurance agent may find difficulty obtaining company appointments once a bankruptcy has been filed.

How long do you have to wait in order file file chapter 7 bankruptcy again?

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chapter 7 filings 8 years from the time of discharge and the time for filing a chapter 13 after a chapter 7 discharge 4 years.

What activities could be undertaken to help alleviate Third World debt -?

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The best options is to contact with insolvency companies like Insolvency Guardian and discuss the matter to overcome this situations.

When to notify debtors you are filing bankruptcy?

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The debtor's petition must be completed and lodged with the Official Receiver within 28 days of the form being signed by you.