Paying your bills would help a person avoid forbearance. Forbearance would be better than avoiding creditors and eventually having to file for bankruptcy.
Yes
Yes, if you file bankruptcy your file needs to be updated to show you no longer owe. If it does not you will need to file a dispute with chexsystems and have the error corrected. Some people have been removed from chexsystems after a bankruptcy. They do NOT have to remove you but they must have an accurate file showing a balance of zero
It is possible for the married couple to file a chapter 13 or in some instances a chapter 11.
Bankruptcy law is when a judge declears that you have the inablity or impairment to pay a debt.creditors may file an involintary bankrupcy to reclaim some of their debt.
You can avoid repossession of your car by keeping tab of your car payments, discuss your situation with the creditor instead of ignoring them. Other things you might want to consider would be to sell the car to at least pay off some of what you owe, or file for bankruptcy.
Yes, but if the debtor ever used a phony social security, some districts will NOT allow the person to file a bankruptcy.
Work out some sort of agreement very quickly with the other party. If you can't do that then perhaps your only option is to file bankruptcy very quickly. Filing bankruptcy legally puts a stop of wage garnishments. Filing bankruptcy stops all of your creditors' collection activities which is why it is often used as a weapon to avoid judgments.
To avoid bankruptcy, try to only purchase the things you need. It is good practice to pay in cash and work for the larger item instead of putting the items on credit.
If you hide your car before you file bankruptcy and get caught, it is fraud and as far as im aware there will be a prison sentance. If you need to file bankruptcy in the first place then maybe selling your car would be a good idea to pay off some of your debt to try and prevent bankruptcy, because it is a very serious thing and not recommended as a get out clause for not paying debt.
Some strict limitations have been set by the new bankruptcy law. Debtors will not be able to file Chapter 7 bankruptcy if they've been through a Chapter 7 within eight years of the new filing. If they want to file for Chapter 13, they will not receive a discharge within two years of a previous Chapter 13 discharge and within four years if they were discharged from a Chapter 7, 11 or 12 bankruptcy.
You can file bankruptcy individually instead of jointly but if your husbands name is on some of the accounts it may effect him. You would need to speak to an attorney and explain your situation in detail to get the right answer.