The discharge in bankruptcy is personal to the debtor spouse and does not extinguish a joint debt for the spouse who did
not file bankruptcy.
Weeks later I learned that the deal had been advanced through the approval process, with a credit officer's memo saying that Texaco would
not file bankruptcy.
I would
not file bankruptcy just to remove the default because that would just be a newly reported item.
You should
not file a bankruptcy petition for the sole reason of delaying a creditor's actions.
And although long strugglers do
not file bankruptcy until long after the benefits outweigh the costs, they still report being ashamed of needing to file.
As you did
not file bankruptcy, it will not affect you.
This is primarily because the creditors understand that you typically can
not file a bankruptcy again for another 8 years, and you have no other bills to pay, meaning you are a great credit risk and now have the ability to pay your new credit card bills.
Under Chapter 11, your business can
not file bankruptcy if, in the last 180 days, you had a bankruptcy petition dismissed because you did not appear in court.
i really would prefer to
not file bankruptcy.
Most lenders are happy to agree, since you have discharged your other obligations and can
not file bankruptcy again for seven years.
For that reason, most good bankruptcy attorneys will make sure that you move your accounts to which you owe no funds so that you do
not file bankruptcy and have your checking account frozen and all of the money that you would have going to pay bills that month disappear.
Title 15 exemptions apply whether or
not you file bankruptcy.
However because you do
not file bankruptcy, you keep all of your assets like a home or car.
Based on this, my advice is to
not file bankruptcy until you are 100 % sure this is the right step.
The amount of your unpaid debts, by itself, may jeopardize your clearance, even if you don't file bankruptcy.
She continues, «Even if he doesn't file bankruptcy, he thinks that he may be facing some very large judgments against him that will take many years to go away.»
But you need to pay close attention to the costs of
not filing bankruptcy.
And if you don't file bankruptcy for Fred (or Richard, Francis, or Wayne), you can simply dissolve the company under state law.
And you need to remember that you can't file bankruptcy against a student loan, so repayment is your only option.
Even if Junior doesn't file bankruptcy, his judgment creditors may have many years to wait until Junior's finances improve — whether through inheritance or otherwise — then pounce on him and seize his assets.
So while you generally don't file bankruptcy for your company, it's value, profit, and existence will still be highly relevant to your own bankruptcy case.
Creditors, lenders, and employers may ask if you've ever filed bankruptcy and you could be guilty of fraud if you say you haven't filed bankruptcy when you actually have.
To be sure, filing bankruptcy is not something that is to be entered into lightly, however, there is more than a hint of irony in the reasons people commonly give for
not filing bankruptcy.
Can't I file bankruptcy in Canada without a trustee?
When bankruptcies became more expensive more people said well wait a minute there's value in
me not filing bankruptcy.
Because they don't have any debt and can't file bankruptcy again anytime soon.
After all, didn't you file bankruptcy to get rid of those?
You say, ok, my credit is poor, but still - I have
not filed a bankruptcy.
Plus, they know that you can't file bankruptcy again for 8 years.
This is why a bank will not lend you money if you don't file bankruptcy (but are knee deep in debt) but would lend you money if you file bankruptcy and have no debt!
Remember that just because you have assets, it doesn't mean that you can't file a bankruptcy.
I can't file bankruptcy to eliminate them to start fresh, yet I don't make any money to pay on them either... I've paid over the years and the end balance has ONLY gone UP.
The truth is, all of the reasons you think you shouldn't file bankruptcy are actually the reasons you SHOULD file bankruptcy.
Heck, if you have no other debt, and you can't file a bankruptcy again for 8 years, the bank is feeling more confident than ever about getting repaid.
Those who didn't file bankruptcy were described as insolvent.
Now there may be reasons why you shouldn't file bankruptcy, but protecting your credit score is not one of them.
I wouldn't file bankruptcy over no 20k, I was thinking you were going to say like 60 - 70k.
Not exact matches
And in the same way that a person
files for individual
bankruptcy — it doesn't mean their life is ending.
He did it in his recent Tesla master plan, referring to the low chance of success he knew he had when starting Tesla by citing the fact that Ford is the only U.S. car company to have avoided
bankruptcy — knowledge he didn't have when he launched Tesla in 2003, six years before GM and Chrysler
filed for Chapter 11
bankruptcy.
In its most recent earnings report, the company stated that it might
not have enough cash to sustain operations, and sure enough in early October it
filed for
bankruptcy.
However, it required a significant infrastructure deployment of such stations, which A Better Place couldn't afford, and the company
filed for
bankruptcy in 2013.
While the funds suing Theranos in Delaware say the blood - testing startup talked to them about the share offer in September 2016, according to Bloomberg, they then found that Theranos designed the offer so that investment funds would
not obtain «any recovery» in a
bankruptcy filing.
As Theranos continues to spiral downward, its investors are now claiming the company threatened to
file for
bankruptcy protection if they don't give up their rights to sue the startup over its faulty blood - testing business, Bloomberg reported.
Lehman Brothers, then a Wall Street powerhouse,
filed for the largest
bankruptcy in U.S. history September 15, 2008, after the government led by Treasury Secretary Hank Paulson told Lehman
not to expect a bailout.
It didn't help matters that Fisker's battery manufacturer A123, which also borrowed from the same DOE loan program,
filed for
bankruptcy earlier this year.
If we had we
not been there, they would have
filed for
bankruptcy.
But No Fear just wasn't able to get its claws into enough guys, and the company
filed for
bankruptcy protection on Feb. 24.
Wells Fargo, the country's second - largest issuer of private student loans, said the bank does
not accelerate debt repayment on the student customer when the co-signer dies or
files bankruptcy.
SEOUL, March 27 - General Motors said its loss - making South Korean operations would
file for
bankruptcy if its union did
not agree to cut labour costs by April 20, the union said on Tuesday.
SEOUL, March 27 - General Motors said its loss - making South Korean operations would
file for
bankruptcy if its union did
not agree to cut labor costs by April 20, heaping pressure on workers and the South Korean government to swiftly agree a rescue plan.