 If a loan company goes bankrupt do you have to pay the loan back? |
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i was about to send them a check for the amount but i found out they went bankrupt do i have to pay it ... |
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 How do i get cash...FAST?!? |
i need 1500 for a ticket, and i need the cash SUPER FAST.
something that isnt nasty or anything related to gambling..etc.
HELP PLEASE!
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and something ... |
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 Need cash help? |
| My parents just got a pay cut and i think i need to help out but i'm still in school. I spend alot of time on the net so i figured i'd use the net to make me some money to help out. all the ... |
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 Can a person get car finance whilst bankrupt? |
| ive been bankrupt but i did not declare my car was not paid for to courts because it was on finance i manage to pay for it after been declared bankrupt. iam now ready for a new second hand car will i ... |
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 Can you have +money in a credit card account? |
Can you use a credit card like a current account and keep money in it or can you only be in debt with one?
For example could I have a balance of 500 pounds in a credit card account?... |
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 What are the requirements to obtain a debit card? |
Is it faster and easier than credit card?
Can anyone obtain it? I mean, any person, even if he or she doesn't have a steady job with a secure salary.
Is making a money deposit ... |
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 Atm Deposits? |
| Would you trust depositing money in the atm machine at the bank?... |
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 I am a 23 year old male concerned about my future financial stability,what can I do to help it? |
I have a decent job and make decent money for a H.S. grad but I really need to start preparing for my 30's and I think I am worrying way to much what should I do?
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 Why do people here feel the need to be so mean? Why not just answer the question politely? |
| Why make assumptions and be so rude when you have no clue about another persons situation?... |
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 I have recently become widowed and my late husband had a loan in his name only unsecured.? |
he left £800 in his bank account and the mortgage was paid off with
our life cover we had. The lenders are trying to find a way of using
the equity in my house to pay the loan back, I have ... |
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 When you die can you give all of your assets to one person and your debts to another? |
| Example Like all money in bank account, all stocks, all bonds, all material things to parents. All credit Debt, medical bills, house mortgage to ex-wife. Or do debts have to be paid before any ... |
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| Poll: People 25+ who live in HOMES (not apartments) how much credit card debt do you have? |
I'm asking this just because I would like to know with our crap economy if every other home owner who has always been responsible with money is now HURTING in credit card debt.
T... |
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measiam | If a person who owes me money declares themselves bankrupt, legally do they still have to pay me? |
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Oswald W
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YES |
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wisegirl74
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If this was a business transaction you could find a way to put a lean on their house, if you were notified by the court of the individuals bankruptcy it means that you are on the list of creditors......you will get paid in the order that the court establishes.
If this was a personal transaction and you do not have the proper documentation Good Luck. |
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Gavin M
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you need to contact the trustee for the bankruptcy and prove you case if there is any money once every think is paid out you might get some think but you will have to get in the packing order you should get paid but if there is no money to get you probably never see it again.
sorry not gd news for ya |
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Bardic
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You have to "prove" the debt to the Receiver dealing with the case, and you will be added to the list of creditors which in due course will be dealt with according to the bankruptcy laws. You may get all your money, you may only get a fraction, you may get nothing.
That's what those odd "Official Notices" are about in the back of the local papers, which say you have to prove your debt by a certain date, after which the Receiver will get on with it and it'll be too late. He'll only consider those debts he's been formally advised of.
If the person who owes you pays you off separately after he/she's been made Bankrupt, that's illegal. Only the Receiver can do this.
There's a set sequence in which payments are made out, if I remember correctly first bite goes to employees' wages, tax & NI, then anything left is shared out pro rata. Long time ago, though . . . |
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smile
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NO bankrupt is a way of starting over it means they have officaly nothing. MINUS number amounts of money any loans are cancelled off. |
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chatsplas
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Depends on type of bankruptcy. Probably you'll get nothing, may get a portion of money. You'll be on their list of creditors. |
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griffiths300@btinternet.com
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NO it is illegal to pay anyone who is on the bankruptcy , it has to be paid via recievers. however if you were not put on br papers he can still pay u |
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Rainy
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it's up to the judge in the bankrupcy case |
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momof3boys
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Yes unless they included you in the bankruptcy filing which I doubt! |
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Feeling Mutual
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People do not "Declare" themselves bankrupt. They file for Bankruptcy protection in a Federal Bankruptcy Court, and if they qualify for Bankruptcy protection and the debt is discharged by the court, you are not allowed to attempt to collect the debt in any way, shape or form.
You may ask them to reaffirm the debt (via the court) or file a motion with the court to lift the automatic stay, or file an adversary proceeding with the court.
If it is a non-secured debt, you can probably just forget it. The bankruptcy court is there to protect the debtor. It is a tax deduction for you though.
No matter what, you need to go through a bankruptcy attorney. Attempting to collect a debt after someone files from bankruptcy, is a federal offense. You can only do it through the Federal Bankruptcy Court. And someone who asks about it on Y! Answers needs an attorney. |
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chrisnewton44
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i have no idea i would say they would have to because they owe you it |
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