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Can I File for Bankruptcy if I am Newly Married and My New Wife Just Declared Bankruptcy?
by erlang in Personal Finance
A potential bankruptcy debtor who is married has the option to file a bankruptcy case as an individual or jointly with her spouse. There are several reasons to file a bankruptcy case jointly or separately and only you and your attorney can decide what is the best choice for your personal situation. Single BankruptcyAn unmarried debtor will file a single debtor bankruptcy case listing only herse

The Bankruptcy Act of 1994 Pertaining to Child Support & Chapter 13 Bankruptcy
by javascript in Personal Finance
The Bankruptcy Reform Act of 1994 affects all bankruptcy cases filed on or after October 22 in 1994, including Chapter 13 bankruptcy petitions. Bankruptcy is a legal process where a debtor can be absolved of his debt, with some limitations. Filing for bankruptcy does not wipe out debt accumulated for child support and individuals who file for bankruptcy must still pay child support during and afte

What If You Filed Bankruptcy & the IRS Withheld a Refund on Taxes Discharged in Bankruptcy?
by tonix in Personal Finance
The IRS is a large organization and may move to seize your tax refund before your bankruptcy paperwork gets to the appropriate division. You can usually correct the improper seizure of your tax refund to pay expunged tax liability unless your bankruptcy trustee is behind the seizure. The trustee's powers to seize your assets makes returning your tax refund difficult. Contact the IRSIn bankruptc

How Long Before You Can File Another Bankruptcy in Indiana If You Already Filed a Bankruptcy?
by Pepe Araya in Personal Finance
Most people only file bankruptcy once in their lifetimes, if at all. Bankruptcy provides debtors with a chance to learn better financial habits and start over rather than continuing to struggle with credit problems. In some cases, debtors must file for bankruptcy multiple times because of continuing severe financial problems. Indiana follows federal rules regarding how long you must wait before yo

Do You Have to Wait for Your Bankruptcy Discharge Papers to Be Fully Done With Bankruptcy?
by Jesper in Personal Finance
Bankruptcy is a serious step with long-lasting consequences. If you file a Chapter 7 bankruptcy, you may receive your discharge within three or four months after you file, but if you file a Chapter 13 bankruptcy, you may have to wait three to five years for your discharge. Although in both cases your bankruptcy is effectively over once you receive your discharge, your case is technically not over

Bankruptcy Law on Civil Suits & Estates in Bankruptcy
by akr in Personal Finance
When a debtor defaults on his debts, his creditors may sue him for the amount of the debt plus attorney's fees. Some debtors may choose to file bankruptcy at this point because they are too overwhelmed with debt and cannot afford to pay back what they owe. Once a debtor files for bankruptcy, pending civil legislation must be put on hold until the bankruptcy is settled. In addition, the debtor must

Can I File Bankruptcy Under Federal Bankruptcy Rules?
by Adam May in Personal Finance
All bankruptcy cases are governed by Title 11 of the United States Code, specifically, the Bankruptcy Code. All bankruptcy cases are considered federal cases and take place in federal court where the case is governed by federal bankruptcy laws. Although a bankruptcy case is a federal court case, each state may have specific statutes in place regarding bankruptcy cases and exemptions within its ju

What Happens Between Filing Bankruptcy, Going to Court & Discharge of Bankruptcy?
by Hugo Hernan Buitrago Rios in Personal Finance
Filing bankruptcy can be stressful. For the most part, however, bankruptcy runs along a relatively predictable timetable. If you understand what happens after you file bankruptcy, after you go to court, and after you get your bankruptcy discharge, it may take some of the anxiety out of the process. Although some bankruptcies have unexpected developments, most that are filed properly run a relative

How to File Bankruptcy in Federal Bankruptcy Courts
by Uppsala9496 in Legal
Most people who are deciding to file for bankruptcy or thinking about it, are faced with more debt than they can handle. For some, bankruptcy is the only way to get their lives and economics back on track. Bankruptcy is a legal process than can affect your credit for quite a few years, so for many this is a last resort. Outlined below are some facts about bankruptcy and how to file.Difficulty:Mode

Is it Better to File Bankruptcy or Deplete a 401(k) to Prevent Bankruptcy?
by Ever Daniel Barreto in Personal Finance
When you are strapped financially, you may be looking for any possible solution to avoid bankruptcy. If there is money sitting in your 401(k) account, you could find yourself thinking of using the funds to pay off your debt in an attempt to avoid the worst. While this can help you avoid bankruptcy, it may not always be your best option. Exempt PropertyOne of the factors you need to consider whe

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