Yes. History is full of examples.
I have been considering claiming bankruptcy for quite some time now. I have no money and am a student. I was injured on the job a few years back and am going to be receiving a settlement offer from the worker's compensation company soon. The settlement would pay half of my credit card debt. Should I try to settle with the credit card company for less than I owe? Or should I still claim bankruptcy like I was planning originally? If I claim bankruptcy, will the money I get from the settlement be up for grabs? If so, can a bankruptcy lawyer negotiate a settle-for-less deal? Help!
No, they did not file for bankruptcy.
No, both parties on a joint mortgage do not need to file bankruptcy. They can file a joint bankruptcy or a single bankruptcy.
The first step is to talk with a bankruptcy attorney, then fill out the appropriate paperwork and file it with a bankruptcy court.
Can you file bankruptcy if you caused a car accident?
It is possible to file bankruptcy when receiving VA disability.
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Yes. History is full of examples.
AnswerYou have to report ALL assets. Any individual can file for Chapter 7, but the whether you are eligible for a discharge is another matter. Your ability to get a discharge depends on your assets, income, debts and monthly expense. Beginning October 17, 2005, it will also become much harder to file for bankruptcy. If you are seriously considering filing for bankruptcy, you should see an attorney right away.Often the bankruptcy court will determine that a structured settlement is an exempt asset, so it would not be available to creditors. However, if you don't report it, then there is a risk that at some point in the future the structured settlement will be seized by the bankruptcy trustee and/or the old creditors.
no you can only file taxes in a tax place around the world or where ever you live
I have been considering claiming bankruptcy for quite some time now. I have no money and am a student. I was injured on the job a few years back and am going to be receiving a settlement offer from the worker's compensation company soon. The settlement would pay half of my credit card debt. Should I try to settle with the credit card company for less than I owe? Or should I still claim bankruptcy like I was planning originally? If I claim bankruptcy, will the money I get from the settlement be up for grabs? If so, can a bankruptcy lawyer negotiate a settle-for-less deal? Help!
If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.
If that's the only reason to file for bankruptcy, probably not. ALL debts must be listed and treated equally, so if you want to get the ordered property settlement discharged, all your other debts must also be proposed for discharge. Even if you get a discharge on the property settlement, which may not be possible in certain bankruptcy court districts of states, you will be open to contempt charges in the divorce court and still be required to pay the settlement. To be sure, consult a local experienced bankruptcy lawyer.
No they never did file for bankruptcy
If you are talking about a Chapter 7 bankruptcy, It takes 7 to 9 years after you can file bankruptcy again.
If it resulted in the baby's serious injury or death you can have the person's house, car, wages for the remainder of his lifetime, and all except the clothes on his back. But unfortunately when you file a lawsuit he will file Chapter 7 bankruptcy and you'll probably never get anything.