Debt and Bankruptcy

Yes, you should pay off you house mortgage because otherwise, you do not truly own your house.

I need answer and salution for this procedure

You will usually start getting credit card offers 6 months or so after the discharge date. Unless you are sure you can limit your spending using the card to an amount you can pay off at the end of the month or the card payment date, don't do it. They carry a high interest rate and an annual fee, and penalties for late payments, so you quickly get past your limit, which carries it's own fee.

If you have gotten your finances under control, go for the cheapest interest-rate card you can find, and one with a low($300 to $500) limit. Don't go near the limit with your monthly spending. Get a secured card where you deposit money that is collateral for your card charges. Best bets are your local bank or credit union. Make sure you understand everything about the card before you sign anything.

If you need a card to live on, you are going to have the same problems with your credit, except you will not be able to get another discharge.

According to RealtyTrac, there has been an increase of 54% of home foreclosures in the US from 2007 March to 2008 March Credit: http://www.mortgagetonight.com/2009/01/how-foreclosure-affects-credit/

Pretty easy. You just need to send a letter to the credit bureaus and tell them that you are disputing the date of last activity on the account. You can find their contact information at www.creditscorehero.com/articles/credit-bureau-contact.aspx

are va pensions except from liens and paying back payday loans and bank loans

Ok, Well here is what you do first you need to obtain all 3 credit files. 2nd you review them to verify the information is Correct. 3rd you contact the collection agency/ and the apartment complex corporate headquarters and let them know you are considering chapter 7 bankruptcy, do not tell them you are working, do not give your credit card or checking/or saving account number to them. let them know you will settle for 50% of the balance and it will take you 30 days to come up with the money. DONOT BACK DOWN. THEY GET NADA IF YOU FILE CHAPTER 7, they want as much cash as they can get upfront as quickly as possible. let them know you feel bad about what happened with the eviction and your sorry but you are willing to pay 50% of what you owe if they donot accept that advise them you will file chapter 7 pro se with no attorney be/c you cant afford one. let them know you want the eviction removed from public records and from all 3 credit files, and the collection account deleted from whatever credit bureau the reported to. you will be better off having a private atty do this. JUDE KAGABINESLEXINGTON SC

At most it may delay things a very short while. It will still come down to pay for it or lose it....BK won't discharge the debt and let you keep the property for free.

It is a unique number that is used to identify the demand draft. it is usually printed on the bottom or left hand side of the DD

about 1-2 earth days

They did not file for bankruptcy.

If it is a doubtful bad debt the provision to be made. It is helpful to the firm to face the debitor if turns into a bad debt in future, in addition to that, the liquidity position will increase.

Preuming you mean your corporation. Individuals can't be tax exempt. Most information about what entitties have a chance of qualifying is found in Section 501 of the Internal Revenue Code. The application process is a tedious and exacting, as is the on going filings (you will file more and in many ways more complex, more scrutinized and open to public review returns each year to maintain tax exempt status). Some basic information is available at: http://www.irs.gov/charities/article/0,,id=136200,00.html You would generally start with package 1023 or 1024, depending on your type of organization.

521560000000

Japan to start

Your debt is then written off as the car covers the cost of the debt.

Company is leaveraged with 30% debt i.e. gearing will be 30% however only managed to form one constraint in the absence of further information.

Net cost of debt = 0.07 * (1 - 0.31) = 4.83%

Cost of equity = 16.5%

WACC = 13%

Let Ke be the equity mix and Kd the debt mix (assuming total is 1)

So what mix of debt and equity should give us 13% i.e. 16.5Ke + 4.83Kd = 13

Also Ke > 0, Kd > 0 & Ke + Kd = 1

If you plug in 0.70 and 0.30 in above you will get 13

Yes -- you must be in that it can be petitioned and you need to be able to answer the court's questions.

If GM declares bankruptcy and stops making the vehicles sold by a GM dealer, then that dealer will have to find something else to sell or go out of business. Some forms of bankruptcy do not require that the company stop operating, but merely require that they operate under the supervision of a court while they sell off assets and reorganize to better pay off their debts. In that kind of a GM bankruptcy, many GM dealers may continue to have product to sell.

This depends on the state and the type of foreclosure used.

In general, there are two different types of foreclosure.

In judicial foreclosure, banks are required to bring a lawsuit against the homeowners in the local district court. Homeowners are notified of the foreclosure when they are served with the paperwork including the lawsuit complaint the lender has filed. Notification is often done by a sheriff's deputy hand delivering the paperwork or by the bank sending the paperwork via certified mail.

In nonjudicial foreclosure, the bank is able to sell the home at auction without suing the borrowers. Notification is often done by having a sheriff post a Notice of Sale or Notice of Intent to Foreclosure and Sale or similar notice on the property itself. Notices must also be posted in local newspapers, in public gathering places, or at the county courthouse.

The specifics vary by state, but these are the two most common methods of foreclosing on a home and how the debtors are notified of the pending loss of their property.

A dismissed complaint is no longer before the bankruptcy court, and so it cannot be amended; there is, legally speaking, nothing to amend. However, if the complaint was dismissed without prejudice then a new complaint can be filed, provided that the causes of action alleged in the complaint are not barred by any applicable statute of limitations.

Harley Davidson had a rough patch in 1983.

Yes. The bankrupt institution will pass your debt to its creditors that it owed money to.

I posted this question & since then I have ben made bankrupt.

The official receiver had no interest in any of my belongs that were valued below £1000

He stated that no-one would call to see what I had of value and I should now enjoy life with no more worries about my debts.

He was most helpful to me and alleviated all my concerns and worries.

Now I feel a free man again & would advise anyone with similair debt problems to seek advice from the CAB on going bankrupt.

Steven J. Baum, the Foreclosure King of New York, Worth $50 Million. I consider him the foreclosure king. No doubt.