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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.

4,664 Questions

What problems did the printing press cause?

The printing press led to increased literacy rates and the spread of ideas, but it also caused challenges such as censorship by authorities who wanted to control information. It also disrupted traditional methods of book production, leading to economic challenges for scribes and artisans.

How many bankrupt in the USA?

In 2020, there were approximately 544,463 bankruptcies filed in the United States. This number represents a decrease from previous years due to economic factors such as government stimulus packages and eviction moratoriums.

Can bankruptcy notices be prevented from being printed in the paper?

Few personal bankruptcy notices are posted, especially in papers with a large circulation. Even so the number of people who read these postings is miniscule. The relief of being rid of creditors and collectors, for most people outweighs the possibility of embarrassment from any public notice.

What should be included in a Motion to Deconsolidate?

I don't know what district you live in, or whether your particular district prefers one form over another. You can check with your local bankruptcy clerk and see if they have a form for Motions to Deconsolidate they prefer. One of the forms for deconsildation I have seen in Indiana says this: UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF INDIANA INDIANAPOLIS DIVISION In re: ) ) JOHN & JANE DOE, ) CASE NO. 05-12345-BHL-13) ) Debtors. ) MOTION TO DECONSOLIDATE BANKRUPTCY CASE Come Now the Debtors, pro se, and move to deconsolidate the above-captioned bankruptcy case into two separate bankruptcy cases, and in support hereof now state: 1. That Debtors are getting divorced. 2. That Debtor John Doe desires to convert to Chapter 7, but Debtor Jane Doe wants to remain in Chapter 13, so the instant case needs to be deconsolidated so that Debtor John Doe may then file his Notice of Conversion to Chapter 7. WHEREFORE, Debtors pray that the Court deconsolidate the above-captioned Chapter 13 case and for all other relief as may be just and proper in the premises. Respectfully submitted, ______________________ John Doe, Debtor _______________________ Jane Doe, Debtor The Court also charges a fee to deconsolidate that has to accompany the motion. Deconsolidation can cause complications in a case, so it is generally advisable to discuss it with an attorney who practices in your district prior to filing it (or have an attorney file it for you). Please be advised that nothing in this posting or in any other posting by me or my agent(s) should be construed as legal advice nor the formation of an attorney-client relationship. I am merely stating facts as I understand them, and I am not recommending any course of action or inaction to any person. It is advisable to consult an attorney in a face-to-face consultation prior to taking any action or inaction. I do not warrant the accuracy of any information herein.

Show you the sample of demand draft with demand draft number?

I'm unable to show images as I am a text-based assistant. However, a demand draft typically includes the DD number at the top right corner of the document, along with details such as the issuing bank's name and branch, payee details, date, and the amount specified. The DD number serves as a unique identifier for the transaction.

How long does it take to reopen a discharged bankruptcy?

However long it takes you to get a lawyer and/or complete the motion to reopen and pay the filing fee. If you are planning on not having a lawyer, be careful what you do. If you reopen a case, you allow a lot of things to happen that you may not want, including having your discharge revoked.

What are the types of liquidation?

In the UK there are 3 types of liquidation;

1. Compulsory liquidation where the company is wound up by the court, usually at the instigation of a creditor.

2. Creditors voluntary liquidation (CVL) when a company is insolvent, this process is instigated by the directors of the company.

3. Members voluntary liquidation (MVL) is a solvent liquidation, basically all creditors are paid in full and there is a return to shareholders.

Can a judge accept a complaint Adversary Action after a bankruptcy has been discharged?

No, a judge cannot accept a complaint for an Adversary Action once a bankruptcy has been discharged. Once a bankruptcy has been discharged, the case is typically considered closed and any further legal actions must be pursued in a separate lawsuit outside of the bankruptcy process.

Can you get government job after bankruptcy?

Maybe.

It also depends on a lot of other factors, but if you would have been able to get that same job before you'd filed for bankruptcy and there would not have been any other factors preventing you from getting the job, then you should be able to...also depending on the reason bankruptcy was filed in the first place. All those factors are taken into consideration.

What is difference between chapter 7 and chapter 13?

Chapter 7 - Debt goes away. You cannot be behind on your house, car, etc to keep them. You cannot have massive amounts of "stuff" including equity in home/car. Chapter 13 - Lets you repay some debt at a percentage over time (up to five years). Perfect if you are behind on car or house. You get to pay the arrears over time. Chapter 11 - Like 13, except only applies if you have over $200,000 in unsecured and/or $800,000 in secured debt. (Those are the round limits.)

How many rupees is equivalent to one euro?

As of July 27th, 2014, the exchange rate between Euros and Indian Rupees is 80.67 Indian Rupees for 1 Euro. The Indian Rupee has shown small but steady gains in economic strength over the week beginning July 21st.

How do you buy a house?

Try to find a good Realtor in your area. Not necessarily one from the huge firms but one who is actually local and is active in your community. These can be found most effectively by asking people you already know who have recently bought a home or looking online. Check sites like wikihow on how to find a good Realtor if you are still struggling.

How do you file chapter 13 bankrupty?

Bankruptcy action handled Pro Se must be done in person it cannot be transacted via U.S. Postal Service or any other courier agencies. Some states do allow licensed attorneys to file bankruptcy petitions and other litigation procedures via electronic filing.

How old do you have to be to buy a timeshare?

25! I am 20 and I own a condo and they dont let me buy a freaking time share because of my age!

Can you file a chapter 7 while you are in an open chapter 13?

You may have the option of converting to a 7. Although the court could decide you are capable of paying back your debt via 13. You are in a better position of keeping a car and home in 13 than 7. Unless you cannot reaffirm the loans, and the lender is calling in the property. They would still have that option in a 7 also.

You can file a Chapter 7 (or another 13) after 70% of the plan payments are completed.

On which day will bill gates be able to pay off the national debt of 5.64 trillion?

lots and lots and if you put this your a retard lol lots and lots and if you put this your a retard lol

Can you file bankruptcy 3 times?

Currently, there are no limits to the amount of times you can file for bankruptcy or the time frame between each filing. However, if you file too soon you are less likely to be eligible for "discharge." It is suggested by most to wait at least seven years between each filing in order to qualify for discharge.

For more information on bankruptcy you find it on our site: http://www.kohlawfirm.com/bankruptcy

These materials do not, and are not intended to, constitute as legal advice.

How does the mood change in chapter 16 in the giver?

In chapter 16 of "The Giver," the mood shifts from tension and anticipation to relief and hope. During the ceremony, Jonas experiences fear and uncertainty, but as he receives the memories from the Giver, he begins to feel a sense of possibility and liberation. This chapter marks a turning point in the story as Jonas starts to question the rules and values of his community.

What step does paul take to ease his mother's anxiety over the family's debts in the rocking horse winner.?

Paul gives his mother the money he has won by gambling on horse races to ease her anxiety over the family's debts. He believes that this will make her happy and alleviate the financial stress the family is experiencing.

If you win the lottery after filing for bankruptcy do you have to report it?

It depends upon the type of BK filed and the time span between the filing or discharge of the BK and the winning/payment of the monies.

Can a Default judgment granted against you without your knowledge in Texas?

Yes, a default judgment can be granted against you in Texas without your knowledge if you do not respond to a lawsuit within the specified time frame. This typically occurs when the plaintiff files for a default judgment after you fail to appear or file an answer. However, if you were not properly served with notice of the lawsuit, you may have grounds to challenge the judgment and seek to have it overturned. It's important to consult with a legal professional if you find yourself in this situation.

How do you file motion for release stay?

is there a special form to fill out to file motion for release stay? where is the form obtained? what's the cost, are there attorneys that will assist?

What is the difference between broke and bankrupt?

"Broke" refers to a temporary state of having little or no money, often due to poor financial management or unexpected expenses. In contrast, "bankrupt" is a legal status that signifies an individual or entity is unable to repay their debts and has sought protection under bankruptcy laws. While being broke can be a short-term issue, bankruptcy typically involves a formal legal process and can have long-lasting implications on credit and financial standing.

Why did Juarez want to prolong paying the national debt?

Because he felt that he had no need since he could smell that the birth of Harry Styles was to come soon and he didnt need to pay anything as long as he saw that beautiful boy he could die a happy man it didnt matter if the french killed him, he had harry styles god bless!!!!!1111!!!!111