There sure is a lot of misinformation out
there about bankruptcy, how long it lasts and what the long term effects are.
Not exact matches
Contact your top choices and ask tough questions
about what's offered, what's guaranteed, and what they'll do if
there's a disaster — whether it's an earthquake, a network failure, or their own
bankruptcy.
There are a lot of misconceptions
about the pros and cons of filing for
bankruptcy if you encounter serious financial problems.
Now that Gawker Media's controversial privacy - infringement lawsuit with former wrestler Hulk Hogan is over — and the company has gone through
bankruptcy and sold off its assets — is
there anything founder Nick Denton regrets
about the whole episode?
Then
there's a bit
about how the «incentive program» in Alpha's plan is based on metrics so easily met that it functions as «a disguised retention program,» which is «prohibited in
bankruptcy cases absent extremely specific and unusual circumstances that do not exist here.»
There's talk
about filing for
bankruptcy.
There are of course some small exceptions for those that can find a
bankruptcy attorney who knows
about things like this and this.
There is a wealth of information available
about investing in stocks, requiring far less individual research time on things like whether a potential borrower had ever declared
bankruptcy.
You can not, however, do anything
about any unfavorable information like
bankruptcy filing — it will stay
there for the next 7 years for Chapter 13 or 10 years for Chapter 7.
Additionally, if you are considered
about losing any retirement funds,
there are provisions of the Ohio
bankruptcy exemptions that apply to and protect pensions.
There are 2 legitimate channels to use if you're in over your head with credit card debt: The National Foundation for Credit Counseling at NFCC.org and the option of
bankruptcy, which can be right in some situations, though you don't often hear me talk
about the latter one.
Right now for instance, if somebody came in January 1st to my office and asked me
about bankruptcy and learned that
there's this exemption rule,
there's nothing preventing them from saying okay, let's hold off and not file with Goth and Company.
However,
there are ways to repair your credit score after a
bankruptcy, but you must be proactive
about the situation if you want to get your credit score back on track — and it won't take as long as you might think if you are proactive in taking control of your credit.
After the
bankruptcy,
there may be a few things you have to do to keep your services, but we'll talk
about that too.
Don't worry
about how to build credit after a
bankruptcy — just get out
there and do it.
While I am happy that HUD has introduced this Back to Work exception using extenuating circumstances for short sales,
bankruptcies, deeds in lieu and foreclosures,
there are a couple of things
about the way HUD treats short sales in particular that are eerily stupid.
There is always a lot of questions asked
about the chapter 7
bankruptcy process, especially from new filers.
One important thing to remember
about a Chapter 7
bankruptcy is that once it is filed,
there is no right to dismiss it.
Since
there are basically only two
bankruptcies most individuals file, a Chapter 7 or a Chapter 13, you must meet certain standards established by law in order to change your mind
about filing in either case.
«One thing
about student loans is
there is generally no way to get out of it because you can't discharge student loans in
bankruptcy like some other loans,» said McCarthy.
There is a lot of information
about the
bankruptcy process the average person doesn't know.
In answer to the bloggers question
about where you to find out whether or not your Chapter 7 is an asset or non asset case, the
bankruptcy trustee will notify all parties concerned if
there are assets in the case.
Along with information
about student loans and mortgages,
there will be information on car payments, credit card debt, debts in collection, tax liens and
bankruptcies filed fewer than 10 years ago for a Chapter 7 filing or seven years ago for a Chapter 13 filing.
They are worried
about the fact that
bankruptcy will appear on their credit report and remain
there for six years after their discharge.
There are clearly rules in the
bankruptcy code that have to be followed but just
about anyone can do a 13, the variation is how much is actually paid back and the specific repayment term somewhere between 3 - 5 years
Similar to the stigma
about filing
bankruptcy or having too much debt,
there is also a stigma associated with depression.
Ryan: I have been
there personally and professionally so I know a thing or two
about bankruptcy.
However,
there are many other consumers who file for
bankruptcy due to financial problems brought
about by irresponsible credit management habits.
If you have gone through
bankruptcy within the past seven years, this will show up on your credit report and
there is not much you can do
about it.
Doug Hoyes: So, you're talking if I go bankrupt, once the
bankruptcy is over if it's a first time
bankruptcy, the note
about the
bankruptcy is going to stay
there for six years.
As to your question
about what would happen in a
bankruptcy at LC,
there is a backup servicer in place and investors should continue to receive their money.
There are truths about bankruptcy and there are m
There are truths
about bankruptcy and
there are m
there are myths.
This means that if you file for
bankruptcy,
there are certain stipulations
about secured claims.
There are full details in the
bankruptcy application pack
about how to pay the non-refundable fee.
There's no question
about the liquidation because it's required by the
bankruptcy court.
There are many negative connotations and emotions associated with
bankruptcy which makes many people think twice
about declaring
bankruptcy, but in some cases, declaring
bankruptcy is the only reasonable answer.
However,
there is a long answer and this answer dives into specific details
about timing, scope, objections, eligibility, withdrawals and the differences between
bankruptcy discharges in chapter 7 and chapter 13 filings.
In a Chapter 7 case, if
there are no objections to discharge, the debtor receives the
bankruptcy discharge within
about four months from filing date of the case.
When we are talking
about student loans,
there are two key waiting periods which are relevant when it comes to making a consumer and filing for personal
bankruptcy:
There are many misconceptions and myths
about filing
bankruptcy.
Very few people who file a
bankruptcy loose their house, often
there is a way to arrange to keep your vehicle and only your creditors, your trustee and the superintendent of
bankruptcy will be informed
about you filing
bankruptcy.
For example, residents of Kitchener, Ontario can read
about bankruptcy alternatives in Kitchener;
there are many similar web sites for residents of other places in North America.
The topic of student loan debt and
bankruptcy: most every
bankruptcy and personal finance - related website out
there has written
about it on numerous occasions.
Chapter 13
bankruptcy is used when
there is property they may want to keep like a mortgage that is
about to be foreclosed on or other assets that would be liquidated under chapter 7
bankruptcy.
Sure,
there might have questions
about bankruptcy and it will hurt your credit.
The PJM independent system operator (ISO) said
there is no imminent danger to the grid when it was asked
about the First Energy
bankruptcy filing and First Energy's request of FERC for cost recovery for its nuclear and coal - fired power plants.
Many of the infographics on his board come from personal injury lawyers providing visual depictions of statistics for texting while driving, trucking accidents, slip and fall accidents during the holidays and the like, but
there are other examples, including debt information, divorce and
bankruptcy statistics, and an infographic
about new legal structures.
There are many myths
about bankruptcy.
There's nothing in that code that would help you solve an analogous inference problem either with a different kind of document with a different kind of format or some other kind of reasoning problem like the one you described
about bankruptcy.
If you are facing a serious financial crisis,
there are important decisions to be made and valuable information to know
about the
bankruptcy process.