Recent questions tagged bankruptcy

Description : Will the USDA report to the credit companies that my home loan was paid?

Last Answer : answer:@Dutchess_III If you reported under chapter 7/13, reporting regulations change when debt is discharged via bankruptcy. The fact that you paid off the loan will unfortunately not reflect on your credit rating moving forward. Here is a quick link with more info.

Description : Without google, do you know one of the main reasons for Bankruptcy in the US?

Last Answer : Medical bills.

Description : Detroit first... Who's next for US City bankruptcy... Chicago?

Last Answer : answer:I'm sure that Chicago has its problems, aside from the gun violence in the strictest-gun-laws-in-the-nation idiocy (and other things that go along with that kind of blindness to facts), and ... laws who live in Michigan that it was not uncommon in the late 1960s when they lived near there.)

Description : Shouldn't bankrupt Stockton CA pay bondholders first?

Last Answer : I think the bondholders should be treated like any other creditor and paid the same as any other secured creditor. If they get 50 cents on a dollar the bondholders get 50 cents. The bonds ... should have done their homework and looked at the credit rating or the financials if they were available.

Description : Why can't the Federal Government declare bankruptcy and apply for a Chapter 13?

Last Answer : answer:The U.S doesn't need to reorganize it's debts. Besides, since it can create money, it can pay its debts. And it can raise revenue if it had the political will to do so. If the U. ... our economy. Without fiat money, people would try to barter with gold, but the value would not be consistent.

Description : Can someone file bankruptcy from home?

Last Answer : Sounds like practicing law without a license.

Description : Will BP file bankruptcy to avoid restitution?

Last Answer : BP will do as they please and there's nothing anyone can do about it, they are one of the biggest most important corporations to the industrial world, they aren't going bankrupt, feigning bankruptcy or ... in India, and set the proper tone for compensation, then you can expect BP to follow suit.

Description : Are there firms that specialize in managing human capital aimed at revitalizing distressed businesses for near-term viability and long-term improvement?

Last Answer : There are definitely people that do that kind of thing, but the impression I get is that they are individuals with years of experience who become independent business consultants.

Description : What does it actaully mean when you are bankrupt?

Last Answer : Company/bank often borrows and/or lends money. When they owe too much and it becomes clear that they can no longer pay back to all those from whom they borrowed it, the company goes bankrupt. ... get back money suffer most. They can claim, however, through legal proceedings. But, it takes time.

Description : Did Flutherites know that Active Service members can delay foreclosure and divorce, and other civil actions?

Last Answer : you must have been called to active duty in support of certain operations. (iraq, Afghanistan, etc) in the case of foreclosures, a letter to the lender accompanied by a copy of mobilization orders ... JAG officer, and also the ESGR folks. (employer support for guard and reserves if that applies.)

Description : Whats your opinion of bankruptcy?

Last Answer : She should work with a group like this: http://www.moneymanagement.org/

Description : What is the best way to relieve myself of bills I can no longer pay?

Last Answer : Try doing your own negotiating instead of paying someone else (a credit counseling service) to do it for you. My understanding is that given the current climate, many credit card ... they initiate the call, it originates from an entirely different department with an entirely different methodology.

Description : I'm a former GM employee. If GM files bankruptcy, will I lose my pension?

Last Answer : That’s what happened to the airlines. Pension’s were lost or went to pennies on the dollar. Sorry and good luck. It may get bad.