Archive for the 'Debt Bankruptcy' Category

Tuesday, December 22nd, 2009

Debt/Bankruptcy?

helpjenna asked: I’m a college student in my junior year. I live in an area where most businesses are student-friendly and flexible with hours, but I cannot get a job that pays a high enough amount to cover cost of living.My parents pay tuition and books, but I pay everything else-phone, car insurance, untilities, [...]

Tuesday, December 22nd, 2009

Can large public debt causethe bankruptcy of the government,making it unable to meet its financial obligation?

de tamz asked: Can a large public debt cause the bankruptcy of the government,making it unable to meet its financial obligations? WHY?

Tuesday, December 22nd, 2009

Can a company refuse to do business with someone who has declared their debt in bankruptcy?

golden_fire_lizard_for_you asked: I work for a company that has had quite a few people declare bankruptcy on what they owe us, then as soon as the bankruptcy is discharged, they expect to come back as a customer. We are not a utility company or anything necessary like that. I was wondering, if we have to [...]

Tuesday, December 22nd, 2009

If I put all of my student loan debt on a credit card, could I cancel this out by declaring bankruptcy?

migueljuan asked: I currently owe $45,000 in student loans and I am having a hard time paying them off. The loans are private (sallie mae) and I am not elligible for consolidating them via federal loans since I am not a US citizen. I was not able to get a visa so I had to [...]

Tuesday, December 22nd, 2009

Mom doesn’t have to pay her bankruptcy debt but has to pay my deceased fathers?

Bride to be asked: My father passed away 6 months ago. He was only 48, my mother is 52. She cannot collect on his SS. And they had filed bankruptcy two years ago. First the bankruptcy lawyers said they would lower her debt payments, since my father is deceased. Now [...]

Tuesday, December 22nd, 2009

Does anyone know how to remove debt covered in bankruptcy from a credit report?

kc asked: After I filed bankruptcy, an woman I used to work with told me she went to a seminar about rebuilding credit after bankruptcy.
She was told you should hire a lawyer to clear off all the debt that bankruptcy cancelled, from your credit record.
Every site I’ve checked says it can’t be done. [...]

Tuesday, December 22nd, 2009

Submit a debt into bankruptcy without a contract or document to prove the amount?

Xulu asked: I was the mediator for a friend to borrow money from my uncle who has his own business, the loan was disclosed using the company’s name. She is now filing BK and has included my name in it, not the name of the person who actually lent her the money (since she has [...]

Tuesday, December 22nd, 2009

Can you eliminate credit card debt by declaring bankruptcy?

Juliette B asked: Can an individual eliminate credit card debt by declaring bankruptcy? I didn’t think you could wipe it out, just get the bill collectors off your back. But, someone told me that it depends on which chapter of bankruptcy you use. The right one WILL eliminate credit card [...]

Tuesday, December 22nd, 2009

If you file bankruptcy on debt owed to a person, can that person dispute your right to claim that debt?

Jon B asked: I am filing bankruptcy and someone is claiming that I owe him some money. If I just go ahead and file the amount on my bankruptcy, can he dispute my right to claim this debt on my bankruptcy and potentionally have a court rule that I must pay him back? [...]

Tuesday, December 22nd, 2009

In Bankruptcy, is a company required to write the debt off, or can they keep it on thier books?

Daniel B asked: An individual declares bankruptcy and debt is discharged. Does the firm have a legal obligation to write this debt off? Can they maintain the debt on their books?



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