Debt and Bankruptcy

You can start as soon as you receive your discharge. I would wait a few months before try to get anywhere a decent rate on anything. Make sure you have a down payment for whatever you are trying to buy.

There are 10 business professionals in the UK with that name (listed on Linked In). None are associated with NATWEST bank.

If you have been contacted by this person regarding money matters, it would be prudent to respond by contacting the bank directly, either by phone or thru their website- NOT by information provided to you by the party claiming to be that person. There are simply too many scams on the internet.

You can apply for anything you want, you most likely won't get it however until the discharge is listed on the court docket and your credit report is updated.

It depends on which bankruptcy you file for. If you file for Chapter 7 Bankruptcy, which includes a liquidation of any assets and paying off your debt once and for all, you'd be looking at a discharge within about 3 months. With Chapter 13 Bankruptcy your attorney would set up a payment plan for you to pay off your debts over a specified amount of time. Normally the payments are scheduled to be completed by the debtor in 3 to 5 years. So the discharge time will vary depending on what is agreed upon in the court. All the required payments must be made before the discharge can occur. I've written about these 2 types of bankruptcy in my blog, where I consider how these processes can affect your tax debt. http://taxreliefsolutions.blogspot.com/2009/06/are-you-considering-bankruptcy-as.html

What was the national debt in 2003?

Yes, credit cards are considered debt also.

If you received a 1099-C, cancellation of debt, you need to know your options.

A debt management plan does not involve taking out a further loan. Instead financial difficulties are dealt with by making a lower monthly repayment to an appointed debt management agent or charity; they then disseminate money to creditors on a pro rata basis. There is no debt write-off, but repayments are reduced so household bills can be more easily managed.

Need to know type of Bankruptcy 7, 13, 11 ??

No money is given back to you, and a bankruptcy stays on your credit for 10 years.

Of course, it won't legally be your car however.

A person that is in a state of financial ruin in bankrupt. They can be in a reorganization or in debt forgiveness.

In the UK, debt is written off when the financial burden is simply too much for the person or company. Debts are also forgiven when a person is seriously ill or has passed away.

Yes this question has been asked and answered, in many forms, specifying which State, thousands of times here. First, it makes no difference which State your in...credit reporting is universal. Credit reports are really simply a private information service using many sources, including participating members...they simply report the historical actions of record. If you were late on a payment, and it was reported, the fact that you paid it later, or had reason, whatever, makes no difference...they report history of what happened. They do not determine your credit ability, that is determined by the lender using (hopefully accurate) information. Credit reports are purchased by someone/thing for a fee and the request is generally made for certain standard formats...for certain things for certain periods. Standard reports cost less than custom ones..but custom ones are also available if the lender/reviewer wants to see them. (They can include things like criminal records, education or employment info, if wanted...it is just whatever research and information you want to pay for getting). Generally, the shorter the term and less information requested in the reports costs less. Standardly, a credit report will include Bankrutpcy filings for the last 10 years (from discharge date). If a lender only cares about 5 years history, which costs less, then that is all they would order and all it would show. Bankruptcy, as a matter of a Federal Court records/process is a matter of public record, and available to anyone or service that cares to look for much longer than the 10 year standard.

According to The Entrepreneur's Guide to Writing Business Plans and Proposals that can be found in google books, bad debt expense is a variable expense because the amount of bad debt depends on the amount of sales.

Typically foreclosures are not considered to be "Arm's Length" as one of the parties is acting under duress.

You give your car back to the bank after filing bankruptcy, the bank will ask your attorney for the vehicle back and give you a certain amount of time and the location to return it to. Definitely do not give it back before you file you will need to have it discharged legally from your debts.

Subject to debt means that you are subject to being in debt. This is usually in reference to something being dependent on you being in debt.

A routing number is assigned to a bank to serve as bank identifier. The routing number of Charter One Bank, F.S.B. in Chicago, Il is 071003544.

Youmad bro?

Well there is no such thing as a blacklist. When you pay your bills on time your credit score maintains a good rating (score of 800 I THINK is perfect) although the score range varies depending upon the credit reporting agency. When you are late with payments your score declines, indicating higher risk. Your score will decline FASTER than it will increase... SO... If you a late on a single payment you may loose say 20 points on your score. To gain those 20 points back could take 6 - 10 months. After bankruptcy your score COULD go up from where it was PRE bankruptcy, depending upon how low it was at that time. This does not mean you have good credit at all. After bankruptcy it will generally take about 2 years before you can start getting credit again. When you do this will be high risk credit so limits will be low (buying power) and your interest rates will be high. As time goes on; generally another 2-3 years your limits will start increasing and your interest rates will go down.

If bankruptcy has been dismissed it is possible to file again. The trustee will require an explanation of why the first case was dismissed before accepting a new bankruptcy case.

A summary judgment motion tells the court that based upon all the pleadings filed in the case, there are no issues of fact for the court to resolve at a trial, and that the plaintiff is entitled to a judgment without a trial, as a matter of law.

A foreclosure occurs when a homeowner defaults on their mortgage payments, and the bank sells the house in order to get it money. The homeowner has the right to redeem the house before the sale, in most states.

yes