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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?
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?
Asked by Wiki User
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?
Asked by Wiki User
Yes. in support with your bankruptcy lawyers experts.
Can a licensed insurance agent file bankruptcy?
Asked by Wiki User
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?
Asked by Wiki User
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 -?
Asked by Wiki User
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?
Asked by Wiki User
The debtor's petition must be completed and lodged with the Official Receiver within 28 days of the form being signed by you.
