Comments on: Can Anyone File For Bankruptcy? http://onlinebankruptcyblog.com/bankruptcy/can-anyone-file-for-bankruptcy/ Thu, 29 Mar 2012 18:46:53 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Smith Bryan http://onlinebankruptcyblog.com/bankruptcy/can-anyone-file-for-bankruptcy/comment-page-1/#comment-1811 Smith Bryan Thu, 24 Feb 2011 04:26:27 +0000 http://onlinebankruptcyblog.com/?p=130#comment-1811 I would like to contribute with this. Personal bankruptcy usually does not erase child support, alimony, fines, taxes, and some student loan obligations. Also, unless you have an acceptable plan to catch up on your debt under Chapter 13, bankruptcy usually does not allow you to keep property when your creditor has an unpaid mortgage or lien on it. I would like to contribute with this. Personal bankruptcy usually does not erase child support, alimony, fines, taxes, and some student loan obligations. Also, unless you have an acceptable plan to catch up on your debt under Chapter 13, bankruptcy usually does not allow you to keep property when your creditor has an unpaid mortgage or lien on it.

]]> By: Louie James http://onlinebankruptcyblog.com/bankruptcy/can-anyone-file-for-bankruptcy/comment-page-1/#comment-123 Louie James Thu, 21 Oct 2010 08:20:09 +0000 http://onlinebankruptcyblog.com/?p=130#comment-123 Absolutely Yes, assuming you have completed the necessary steps beforehand. There are restrictions on filing for Chapter 7 bankruptcy, but these restrictions will not prevent you from being eligible for Chapter 13. Under the updated law, an individual debtor who earns more than the median income in his or her state may not be eligible to file a Chapter 7 case. (You can find more information about the differences between Chapter 7 and Chapter 13 bankruptcy later in this chapter.) Federal law protects your right to file for bankruptcy. For example, you cannot contract away your right to file for bankruptcy relief. Also, you cannot be fired from your job solely because you filed for bankruptcy. Bankruptcy is a legal state wherein an individual or entity declares an inability to meet financial obligations. There are many types of bankruptcy, all of which seek to help debtors get out from unbearable debt and help creditors recover as much of their money as possible. In the process, both sides usually make some compromises. In some cases, bankruptcy involves debt forgiveness, but increasingly, this sort of relief is unavailable to most filers. Absolutely Yes, assuming you have completed the necessary steps beforehand. There are restrictions on filing for Chapter 7 bankruptcy, but these restrictions will not prevent you from being eligible for Chapter 13. Under the updated law, an individual debtor who earns more than the median income in his or her state may not be eligible to file a Chapter 7 case. (You can find more information about the differences between Chapter 7 and Chapter 13 bankruptcy later in this chapter.)

Federal law protects your right to file for bankruptcy. For example, you cannot contract away your right to file for bankruptcy relief. Also, you cannot be fired from your job solely because you filed for bankruptcy. Bankruptcy is a legal state wherein an individual or entity declares an inability to meet financial obligations. There are many types of bankruptcy, all of which seek to help debtors get out from unbearable debt and help creditors recover as much of their money as possible. In the process, both sides usually make some compromises. In some cases, bankruptcy involves debt forgiveness, but increasingly, this sort of relief is unavailable to most filers.

]]> By: Mike Matthews http://onlinebankruptcyblog.com/bankruptcy/can-anyone-file-for-bankruptcy/comment-page-1/#comment-88 Mike Matthews Wed, 13 Oct 2010 08:11:00 +0000 http://onlinebankruptcyblog.com/?p=130#comment-88 Precisely, anyone can actually file for bankruptcy but if your debts are not overwhelming and you have higher than average income that is stable, then certain non-bankruptcy option may be available to you. But the best thing to do is consulting it to bankruptcy attorney may help you with your decision whether to file or not. Precisely, anyone can actually file for bankruptcy but if your debts are not overwhelming and you have higher than average income that is stable, then certain non-bankruptcy option may be available to you. But the best thing to do is consulting it to bankruptcy attorney may help you with your decision whether to file or not.

]]>