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In a Chapter 7 discharge all debts included are "forgiven" meaning the creditor can no longer attempt collection procedures. A Chapter 13 is a debt consolidation (repayment agreement) BK, in which a specified amount set by the court is paid by the debtor to the BK trustee. The trustee then distributes the funds to creditors in the prescribed manner and priority, until the terms of the BK are fullfilled. Any debts not included in a BK are considered valid and collectible. Secured property must be reaffirmed with the lender or reliquished by the debtor/borrower. Your creditors loose out. You have a terrible time in the next 7 - 10 years trying to get credit from anyone for any amount. You then start from scratch once you get new credit.
What else can I help you with?
What do credit card companies call someone who pays their bills?
Outstanding Bills
How do you file for bankruptcy in South Africa?
Bankruptcy is a legal proceeding whereby an individual or a business can declare an inability to pay back debts. Bankruptcy allows individuals or businesses to either restructure their debt and pays it back within a payment plan , or have most of their debts absolved completely.
What is a billpayer?
A billpayer is a person who pays bills, especially someone who pays telephone bills, sometimes on behalf of someone else.
Why is Eddie Bauer filing for bankruptcy?
I don't know if this is right, but I heard my parents talking about him; I think his attorney, the person who pays the bills, (I think that's their name) was't paynhis tax bills so the government took everything away and he went bankrupt. Hope I helped!
Who pays the bills of a deceased family member?
Bills are paid from the estate of the deceased.
When a person dies who pays any outstanding bills?
The exact procedures will vary from state to state, but the decedent's bills and other financial affairs are usually handled by the person appoint as executor or trustee under the will or trust. Consult a local probate/estate planning attorney for more specific advice.
The interest rate a company pays on loans outstanding depends on?
Credit rating
What does he do as president?
take care of people pays bills sends bills cure his country from a decease THANK YOU
Who pays the bills for royal visits to Canada?
We do (Canadians) with our taxes.
Who is the official who pays approved bills a state owes?
treasurer
Who pays the states bills?
The Taxpayer, otherwise known as the Citizens of the particular State, pay all of the State's Bills.
How do you become rich on build-a-bearville?
Sell old clothes, furniture, accessories, and food you don't want. Play "Backstage Search", which pays you 200 Bear Bills if you find the item. Work all 13 shifts at the Bearywood Mall. Work as a waitress/waiter at the Coffee Shop. Play "Bears and Pairs", which pays you about 30 Bear Bills per session. Work as a teacher at Bear University which pays you around 200 Bear Bills per class. Be a student at Bear University which pays you around 90 Bear Bills per class. Each shift at Bearywood Mall pays about 10 Bear Bills, except for Magic Brush at the Art Studio which pays about 60 Bear Bills. Each shift you work at the Coffee Shop pays around 20-30 Bear Bills depending on how long you work. Well, that's a lot of ways of how to get rich on Bearville!
