Need some info on BANKRUPCY, please assist!?
Has anyone gone through a bankrupcy here in california? I am thinking of file but I would like to know excatly what happen?? Whats the diffrence between chapter 11 and 13?Answers: Contact a good Laywer they will advocate you based on your situation.If at hand is a business involved it gets complicated.If it is personal and business near is Chapter7, a total liquidation and distribution of non exempt assets,you may be able to maintain your house and or car, depending on equity.Chapter 13 ,you hold to pay somthing to the creditors but are protected and bring back to keep your assets.It's a3to5 year plan set up by your trustee.You own to complete credit counceling Pre and Post filing,usually online.Don't touch bad,plentifully of good ethnic group are in like boat,Like me I just file.I will cost around 2500.00 average in my satchel.I don't know in Cal.Hope that help.This is in no channel a substitute for legal insist on.
in 11, you reorginize some of the debts and discharge others, approaching keeping your car and your home.
surrounded by 13 you walk away beside nothing but personal items with the sole purpose. some exceptions to this are like a elder pcs. of furnture in the house, but most unmarked stuff goes subsidise. taxes and child support can't be dismissed.
Chapter 11 is for businesses.
You could file a 7, or a 13. In a chapter 13 you variety monthly payments to repay some or all of your debt, and here are less rules, and you receive to keep more.
Ch 7, debts are liquidate.
Can a payday loan company hold my social wellbeing check to wages past its sell-by date loan?
wrote check for $500 could not pay rear got sick could not be in motion back surrounded by to buy back so i closed my checking story because i could not pay rear the bank fees & fees to them .Answers: You should want to use your check to money it off because you're freshly digging yourself into a bigger debt. Payday loans are a ripp off. Learn from this mistake
A site I've recommended surrounded by the past would be...
http://www.safelinked.info/go.php?link=l...
Hope that help.
Social Security is protected from people who want to collect debts. The edge usually does not do a good opening of protecting the money, so don't count on them. Open a second account at a different dune for your social security single. Then use your old article for everyday things.
Collections?
I know that in convinced circumstances bank accounts can be seized as all right as other assests.What about credit cards? Can a collection agency attatch those?
Answers: No, they can garnishing anything which you own, you do not own the funds on a credit card as you have to furnish it back, you own the money on contained by your bank, or what is equitable within your home, because that is considered something you own, and which will produce you money.
You mean putting a charge through on your credit card short your authorization?
No, that cannot be done, it is illegal within every way that I know of.
No, but once the credit bureau record the collection agency activity on your credit directory, the credit cards will magically stop working.