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You receive the personal financial management certificate after you complete a debtor education course. You must complete the course to obtain your bankruptcy discharge. Most of the counselors that conduct the pre-filing counseling also conduct the
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I'm a creditor whose debt is secured by a real mortgage. I've received recently a notice that the debtor has filed for bankruptcy under chapter 7 of the US Bankruptcy code. What will happen to both my loan and my mortgage? Will I be enjoined from
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A. Using Chapter 7 bankruptcy as an example, the bankruptcy trustee has the option of liquidating, or converting into cash, your non-exempt assets in order to pay off your creditors. However, most Chapter 7 filers do not have any non-exempt assets,
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Bribery is used by a party (the briber) to gain an improper advantage over others by paying a bribe (an unauthorized consideration) to someone who is not entitled to receive that consideration. This will nearly always cause an indirect detriment or
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Yes. See On Track and Hummingbird. You are required to take two (2) bankruptcy counseling sessions - one prior to filing and one at the conclusion of the case. Both may be completed online.
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• There will be fewer “automatic stay” (a legal phrase meaning potential legal actions against debtors are halted) protections for bankruptcy filers under the new law. For example, filings for bankruptcy will no longer delay or stop eviction actions,
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Credit counseling does not reduce bankruptcies. "The requirement may often serve more as an administrative obstacle than as a timely presentation of meaningful options.
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If you are an individual debtor in a chapter 7 or a chapter 13 case, you will not receive your discharge unless you complete the required debtor education program and obtain a Certificate that you have done so. This we call the "ticket out." The
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We have helped many buyers with no credit to perfect credit and quite a few with recent bankruptcy, we have lenders that specialize in what is called sub prime borrowers and offer many programs up to 95% financing.
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A person (which by definition includes an individual, partnership and corporation) that resides in the United States or has a residence, a place of business or property in the United States may be a debtor under the Bankruptcy Code. Q: Who can file
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