Bankruptcy is a legal proceeding that
clears certain debt of a debtor who can no longer pay off their debts.
Not exact matches
The personal bankruptcy will
clear their
debts, but only after they complete
certain duties or conditions, including two credit counselling sessions, which will assist with their situation today and in the future.
Each of these
debts can be
cleared once they've reached delinquency status, which occurs once a
certain number of payments have been missed.
We want to make
certain that your
debts are valid, to
clear any that arent and get you started on the road to credit recovery.
The trade - off for
clearing such
debt in only a few months is that creditors may make a claim on liquidation of
certain types of property.
It's intended to expire after a
certain time period, so if you can
clear up any
debts that may pass to loved ones by the time you're a senior it's the most affordable way to get the most life insurance coverage compared to other options.
«The 15 - year has become more popular for those folks whose goal is to own the home free and
clear or have
debt reduced by a
certain time,» Miramontez says.