Question

 What is bankruptcy in the UK?

Answer Bankruptcy in the United Kingdom is a way in which an individual or company can deal with debts they cannot pay, allowing a fresh financial start to be made with some restrictions put into place, A... Read More »
http://www.answerbag.com/q_view/1937834

Top Q&A For: What is bankruptcy in the UK

Do I have a bankruptcy on my record if the bankruptcy isn't finalized yet?

Federal law requires credit reporting agencies to report all bankruptcy filings, even if the cases are not yet finalized or are later dismissed or discharged, according to the Moran Law Group.Sourc... Read More »
http://www.answerbag.com/q_view/2068038

In Chapter 7 Bankruptcy can you use the Homestead Federal Bankruptcy Exemption to keep your 120000paid off condominium with a lien against it for an 11000credit card debt in pa?

Your right that PA has no special homestead exemption for BK and you would rely on the Federal one.The lien (the Cr Card one), is essentially the same as a first position mortgage against the prope... Read More »
http://wiki.answers.com/Q/In_Chapter_7_Bankruptcy_can_you_use_the_Homestead_Federal_Ban...

Bankruptcy Law on Civil Suits & Estates in Bankruptcy?

When a debtor defaults on his debts, his creditors may sue him for the amount of the debt plus attorney's fees. Some debtors may choose to file bankruptcy at this point because they are too overwhe... Read More »
http://www.ehow.com/info_8495162_bankruptcy-civil-suits-estates-bankruptcy.html

In Pa in chapter 7 bankruptcy can person use Federal Bankruptcy Exemtion to keep 120000 paid off condominium if this is only asset and only projected income is 238 monthly?

Refer to your last similar Q.Yes you have a 125K Federal Homestead Exemption.Yes you have issues that need to be protected by an attorney in the BK process (any creditor will have one and they will... Read More »
http://wiki.answers.com/Q/In_Pa_in_chapter_7_bankruptcy_can_person_use_Federal_Bankrupt...


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