Topic: Voluntary Bankruptcy
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What is Voluntary Bankruptcy?
Legal proceeding whereby a debtor voluntarily files a petition for relief from creditors in a federal bankruptcy court. The debtor's property is placed in the hands of a court appointed trustee, who distributes assets to pay debts owed to c... Read More »
Source: http://www.answers.com/topic/voluntary-bankruptcy
What is a voluntary petition in chapt 7 bankruptcy?
Bankruptcies can be done by someone asking for the protection of the court...a voluntary one...or by creditors asking the court to act and protect their interests, by taking the assets of the debtor and using them to pay the debt, even thou... Read More »
Source: http://wiki.answers.com/Q/What_is_a_voluntary_petition_in_chapt_7...
Which is better to file bankruptcy or voluntary repossession?
file bankruptcy that bay you wont loose your stuff Read More »
Source: http://wiki.answers.com/Q/Which_is_better_to_file_bankruptcy_or_v...
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Voluntary Bankruptcy
More Common Questions
Answers to Other Common Questions
Assuming this is a straight bankruptcy, the mortgagee would lose the money that is owed to it on the mortgage loan. A bankrupt person or corporation loses all of his/her/ its assets to the Trustee in Bankruptcy so that the Trustee can liqui...
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Source: http://wiki.answers.com/Q/What_happens_to_the_mortgagee_if_he_fil...
A bankruptcy is much more serious than a voluntary repo. It can also cost more. I think you should talk to the loan company and see if they will help you work out a payment option. If you do a voluntary repo, and they sell the auto for less...
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Source: http://www.answerbag.com/q_view/741163
Answer When any bankruptcy action is dismissed for any reason the debtor(s) lose(s) bankruptcy protection. This means creditors may pursue collection of the debt, including, in most situations filing a lawsuit. A chapter 13 bankruptcy dismi...
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Source: http://wiki.answers.com/Q/What_does_the_voluntary_dismissal_of_a_...
Answer B/K will NOT fix credit unless you consider NO credit for 7 yres. "fixed". It will get it off your record.
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Source: http://wiki.answers.com/Q/How_can_you_remove_a_voluntary_reposses...
is it safe to file for voluntary dismissal of chapter 13 bankruptcy
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Source: http://wiki.answers.com/Q/How_soon_can_you_file_bankruptcy_after_...
Normally takes a week or so. It depends on if the Judge orders a hearing (which some do, some don't). If there is a hearing, normally a few days later there will be an order to dismiss.
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Source: http://wiki.answers.com/Q/How_long_should_it_take_to_get_an_answe...
