Debt and Bankruptcy

If your country's laws allow you to travel to the US with the legally declared bankruptcy, which can be on a person's public record for 5 years to life depending on the country, then that bankruptcy by itself will not prevent you from traveling to the US. In the US declared legal bankruptcies are considered a civil matter, which are about contractual obligations, and NOT a criminal matter, which are actual violations of the law, so the US State Department will not prevent individuals from traveling to the US based upon their declared bankruptcy. In the US NO ONE, even an international visitor, is barred from any travel due to a declared bankruptcy, or as US law states, a discharged bankruptcy.

A Chapter 7 bankruptcy case typically lasts between three and four months. Once the case is filed, there is a meeting of creditors (known as the 341 meeting) approximately 30-40 days after the case is filed. After the meeting, creditors have approximately 60 days to file objections or adversarial complaints to the debtor's discharge. Once that time frame has expired, the Clerk of the US Bankruptcy Court will send the Discharge Order to all creditors, to the debtor and to the debtor's attorney.

The US debt clock idea is a graphic way of describing the national debt as part of a clock. As the debt gets larger then the hands on the clock move. The same sort of idea is used for the world risk from nuclear destruction.

As long as the stock is listed on at least the pink sheets you can go to any broker and purchase the stock. It is not advisable to do so as companies in bankruptcy are usually worth nothing and may never recover to become a profitable concern.

According to the US National Debt Clock, the current federal debit in the USA is 16.804 trillion dollars. Of course, this figure is constantly rising.

The word American in American Express should always have the "r" in it. The Company American Express would be very unhappy to see it spelled without the "r".

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.

Sometimes Chapter 13 debtors need or want to convert their bankruptcy case from a Chapter 13 to a Chapter 7 bankruptcy. And sometimes the bankruptcy court will force you to convert from Chapter 13 to Chapter 7 - this is often called a "forced conversion."

The reasons for conversions vary. For the most part, if you are instigating the conversion, you have a right to convert your case. But that doesn't always mean you'll qualify for Chapter 7 relief.

Although it is not necessary to hire a bankrupt attorney, there are still many advances of doing so. For one, this person will already have extended knowledge on such things, but also, you can feel confident without having to research and do the work yourself.

Company often become bankrupt due to the mismanagement of money. Money management limits the overspending to an extent and thereby you can preserve money for the future use.

When a person is in financial difficulty it is usually best that he or she consult a professional debt counselor or if that is not an option a bankruptcy attorney.

Bankruptcy should always be a last resort as it is very damaging to a person's credit and in some cases real and/or personal property may have to be forfeited.

There are many credit counseling, debt consolidation business and so forth. Anyone seeking such advice should research the company in depth. One should NEVER enter into an agreement with such a company (or any financial contract) unless they have a complete and clear understanding of the terms attached to any agreement.

The National Foundation Credit Counseling is sanctioned by the federal government and does consultations over the phone, in person and sometimes via email. The cost is free or based upon the applicant's ability to pay.

Toll free number...1-800-388-2227

Please see link for website.

You may want to find another place to live. There could be some real ugliness involved in the process if the owner tries to contest things.

The list of the national banks that gone bankrupts can be found online and it all depends on the country where one is based. One of the largest American banks that gone bankrupt was Merryll Lynch.

The disadvantages of declaring bankruptcy in business include the need to pay the fees for lawyers and the court filings. This can be difficult if money is already tight. Also, the bankruptcy will stay on the owner's credit history for ten years which will make it difficult to get loans in the future.

A Chapter 7 bankruptcy stays on your credit report for 10 years. Generally a Chapter 13 bankruptcy will be removed after 7 years, but can remain up to 10 years.

Whether you can keep your house and car depend on how much equity is in your house and car and the available bankruptcy exemptions within your state. If the bankruptcy exemptions allow you to protect the equity in these assets then you should be able to keep them in bankruptcy.

If the debt was discharged in the BK the entry for the creditor should read as such. The entry itself will not be expunged until the required 7 years has expired.

This really depends on whether the judgment is a dischargeable debt in bankruptcy. There are some debts that you cannot eliminate in bankruptcy and they will continue to exist after the bankruptcy. Generally judgments from credit cards, medical bills or personal loans can be discharged but they can become non dischargeable if the creditor claims fraud or misrepresentation within the bankruptcy.

Your moms bacon company

yes, it is possible. It all depends on the amount of loan and the period of repayment of loan.

In order to get low monthly installments make the time period of loan repayment more. In this way though you have to pay more amount but you will able to pay that amount in your current monthly income.

Not under normal circumstances. It would be worth na consultation with a realtor.