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Can be possible to file a Proposal together with my wife,I`m late for proposal because one of my creditors transfer my debts to Collection Agency,I have very good income and I don`t wont to go bankrupt.Please help me with your answer before I go to meet the trust.Thank You
Posted from: British Columbia
I have heard conflicting information: in a community property state, if you file bankruptcy (not joint bankruptcy) is your spouse held liable for debt you acquired before the marriage? Let me say upfront that I have a consultation for filing bankruptcy on Monday. I’m asking here because I want to make sure they’re not just trying to make additional filing fees off of me by trying to persuade my spouse to file bankruptcy as well.
My spouse and I were married just a few months ago. We live in a community property state. Going into the marriage I had some debt. He’s not a signer or co-signer on any of it or anything; our financial matters were completely separate. We haven’t ever filed taxes jointly. We do not yet own any property together either, and neither of us own any real estate separately. The only notable thing either of us own is a car, which belongs entirely to my spouse. I am now looking into filing bankruptcy but whether or not my spouse will be liable for my debt will determine whether or not I file.
Some web pages say that my spouse will not be liable for the debt I had before marriage: 1, 2, 3
The woman I talked to on the phone, however, said that it doesn’t matter if I acquired the debt before I got married, that my spouse will be liable for it. In other words, my spouse would have to file bankruptcy as well for anything to change.
Can anyone tell me which is true? On the one hand I’m suspicious since that doesn’t seem to jive with anything I’ve read and they are in a position to make money off us, but on the other hand I don’t know how trustworthy a bunch of websites are either. The place I’m getting the consultation is a place several relatives have used and it’s supposed to handle more bankruptcies than anyone else, but I don’t want to be given bad information just because they’re a bankruptcy mill and think they can get away with it. I also don’t want to show up to the consultation and accuse them of lying if they aren’t, and if they are wrong, I’d like to have more to say than, “Well I read some websites…”
You’ve probably heard the phrase “bankruptcy protection”, but do you know how filing for bankruptcy could actually protect you? The bankruptcy automatic stay offers one of the major protections in a bankruptcy case. Here are some basics on the automatic…
If you have gotten into debt to the point where you see no escape from it and it just keeps getting worse then the best course of action for you to take is to file for Chapter 7 bankruptcy. A Chapter 7 bankruptcy will have you finished and done with the bankruptcy in six months time. You also will not be required to pay back the debts that got you into the mess in the first place. The bad news however is that your credit report will show the bankruptcy for a period of 10 years (from the date it was filed) and your credit rating will suffer terribly because of it. This will limit the kinds of credit that you may be qualified to receive for those 10 years.
My trustee filled pre and post bankruptcy taxes for me last year, but I am still not discharged. Do they have to file again for me this year? Or may I file for myself? Posted from: Manitoba. Filed under: Bankruptcy. posted by Questions …
I am an undischarged bankrupt - special circumstances have led to that. My trustee filled pre and post bankruptcy taxes for me last year, but I am still not discharged. Do they have to file again for me this year? Or may I file for myself?
Posted from: Manitoba
if you claim bankruptcy can he bank take the amount of money you have in your chequings account if All of my debt in unsecured. Posted from: Quebec. Filed under: After Bankruptcy. posted by Questions @ 2:28 pm. 1 Expert Comment: …
if you claim bankruptcy can he bank take the amount of money you have in your chequings account if All of my debt in unsecured.
Posted from: Quebec
Filing for bankruptcy will temporarily stop any repossession process, which you may be facing. Even if your items have already been taken from you, your bankruptcy filing may be able to get them back if you act quickly.
Question. Question Details. Asked: Feb 26, 2009 - 11:30 AM. Status: Open. avatar. dddbcm79. What are implications of buying GM car in the face of bankruptcy/insolvency? In the market for a new car (Acadia or Saturn Outlook specifically) …
