What happens if bankruptcy is declared?

Answer If you file a petition for bankruptcy protection due to overwhelming debts, you will not be required to pay any debts at that time. The court will notify all of your creditors that a bankruptcy has... Read More »

Top Q&A For: What happens if bankruptcy is declared

What private Student Loans can I get if my parents have declared Bankruptcy and they are my only Co-Signers?

$4989 seems like a low amount to receive for a student whose parents can't afford school. Are you sure that isn't your EFC? Is this the amount on the award letter from your college?Well if they d... Read More »

What Happens When a Mobile Home Is Declared a Total Loss?

If you own a mobile home, insurance is an important way to protect your investment. However, mobile homes present risks that are impossible to avoid, no matter how much insurance you have. In some ... Read More »

What happens in a bankruptcy?

Bankruptcy allows consumers facing financial problems an option for managing their debts. In some cases, debts may be discharged entirely. The bankruptcy process varies slightly depending on whethe... Read More »

What happens with my car in a bankruptcy?

You've decided to file for bankruptcy. You more than likely will need your car to get around. Be cognizant of the fact that you can lose your car in a bankruptcy, as a result of the decisions you... Read More »