$20.00 Question Answers
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- Posted on Sep. 24, 2008 at 11:02:02AM
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Preview: ... relief under chapter 7 of the Bankruptcy Code, the debtor may be an individual, a part ...
The full tutorial is about 69 words long .
$20.00 Problems with bankruptcy
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- Posted on Sep 26, 2008 at 11:01:42PM
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Preview: ... ust not attempt abuse of the Chapter 7. Meaning if you make payment to all of your necessary monthly expenses such as electricity, water, food, home, etc. and have nothing left to pay for your debts; allowing a discharge would be an abuse of a Chapter 7 bankruptcy.<br> The debtor can not have a bankruptcy filing dismissal in the last 180 days due from cause.<br><br>If the debtor meets all of the mentioned above, then they will have a substantial chance of being qualified for a Chapter 7 bankruptcy.<br> <br>What are some of the reasons people file bankruptcy? <br><br>There are many reasons that someone may feel they have no other way out other than filing a bankruptcy. Unemployment is to blame for a lot of bankruptcies. Unfortunately, people can be laid off due to the economy, have a medical issue arise, or some other reasoning. Once they reach a certain point in debt, they feel there is no other way out. <br>Another reason would be unforeseen incidents such as a medical condition. There are many people who have very large medical bills. An example of how fast medical bills can pile up is from a personal experience. I was involved in an accident rec ...
The full tutorial is about 994 words long .
