I’m unfamiliar with bankruptcy laws so I’m wondering if a contractor owes me money and plan to file bankruptcy, if I don’t sue before they file, will I still be able to sue later on. I don’t want to precipitate any action but I also know that they are trying to do the right thing. Unfortunately, there’s a lot of money at stake and I don’t want to lose out more than what I have to. Any advice? This is for an unfinished/late contract.
I have always thought that if a Chapter 7 was filed "Prior" to all the Bankruptcy Laws changing they would be ok. My question is–If someone Files a Chapter 7 Bankruptcy in January 2003 and it’s Discharged in February 2003.
Since this now 7-years shouldn’t this be removed from a person’s credit Report?
My friend had a k credit card that never paid for, was served and did not show up to court, now his bank account was frozen and owes 18k, will he be protected under bankruptcy laws for that debt if filed?
Just curious how bankruptcy laws work. Can only one person file bankruptcy in a marriage or will it affect the other person in the marriage as well?
I am not privy to bankruptcy laws.
how to file for bankruptcy? as we all know bankruptcy laws are constantly changing. Is there any online source from where i can find online bankruptcy services and advice.
Candidate X Promises and Plans:
1.)Establish a billion Foreclosure Prevention Fund
2.)Provide billion in Relief for State and Local Governments
3.)Hardest-Hit by the Housing Crisis to Prevent Cuts in Vital Services.
4.)Extend and Expand Unemployment Insurance
5.)Provide a Tax Cut for Working Families
6.)Eliminate Income Taxes for Seniors Making Less than ,000
7.)Simplify Tax Filings for Middle Class Americans
8.)Fight for Fair Trade
9.)Amend the North American Free Trade Agreement
10.)Improve Transition Assistance
11.)Invest in our Next Generation Innovators and Job Creators
12.)Double Funding for the Manufacturing Extension Partnership
13.)Invest In A Clean Energy Economy And Create 5 Million New Green Jobs
14.)Create New Job Training Programs for Clean Technologies
15.)Boost the Renewable Energy Sector and Create New Jobs
16.)Create a National Infrastructure Reinvestment Bank
17.)Invest in the Sciences
18.)Make the Research and Development Tax Credit Permanent
19.)Deploy Next-Generation Broadband
20.)Provide Tax Relief for Small Businesses and Start Up Companies
21.)Create a National Network of Public-Private Business Incubators
22.)Ensure Freedom to Unionize
23.)Fight Attacks on Workers’ Right to Organize
24.)Protect Striking Workers
25.)Raise the Minimum Wage
26.)Protect Homeownership and Crack Down on Mortgage Fraud
27.)Address Predatory Credit Card Practices
28.)Reform Bankruptcy Laws
29.)Work/Family Balance
30.)Expand High-Quality Afterschool Opportunities
Candidate Y Promises and Plans:
1.)Workplace Flexibility
2.)Relief for Families
3.)Government Reform
4.)Supporting Small Businesses
5.)Cheap and Clean Energy
6.)Better Healthcare
7.)Simpler and Fairer Taxes
8.)Lower Barriers to Trade
9.)Expanding Domestic Oil And Natural Gas Exploration And Production
10.)Taking Action Now To Break Our Dependency On Foreign Oil By Reforming Our Transportation Sector
11.)Investing In Clean, Alternative Sources Of Energy
12.)Protecting Our Environment And Addressing Climate Change: A Sound Energy Strategy Must Include A Solid Environmental Foundation
13.)Promoting Energy Efficiency
14.)Addressing Speculative Pricing Of Oil
15.)DC Personal Protection
16.)The Confiscation of Firearms After an Emergency
17.)Cut The Corporate Tax Rate From 35 To 25 Percent
18.)Seal the Pork Barrel
19.)Stop the Revolving Door and Restore Ethics
20.)Democracy is Not for Sale
21.)Excellence, Choice, and Competition in American Education
22.)Comprehensive Immigration Initiatives for a Secure Nation
It’s a matter of pay now or pay letter. Republicans are all for lower taxes and smaller government except when their greed gets them in financial trouble.
Here is the issue that you are dealing with… Since the Stock Market collapse of 1929 a system of checks and balances was instituted as the economy grew to keep greed in check. However, after Ronald Reagan took office and developed the theory of Trickle Down economics, They began to chip away at several levels of checks and balances. One of the first levels that they attacked were the Unions. Unions offered a level that reported abuses in the labor market. Second was deregulation where they actually removed regulation by allowing business to move off shore where inspection and over sight where non-existent… then they moved to gut the budgets of regulatory agencies that were left, to stop over-site. Usury laws were thrown to the wind and bankruptcy laws were changed to protect the rich. (Look up Usury Laws)
Example: There are only 8 inspectors for all the livestock sold for food in California. Providing 30 percent of all the meat eaten in the United States and exported.
The result is that you have lead painted toys for your children to play with, food is polluted with chemicals and Salmonella and Wall Street Collapses in a heap and your 401K falls through the floor while Oil prices shoot threw the roof because they changed the rules to allow speculation in the Oil market and fought alternative energy. All the while the Republicans keep claiming your taxes are to high and the reason is it’s Ear Marks were causing it which equal less than 1 percent of the US budget .
We need to start thinking smarter and get back to enforcement of good sound banking rules and reduce greed out of the equation. We need over sight at all levels of both government and business. We need to pay those taxes necessary to enforce regulation and stop investing billions in "Wars to No Where". Think where we would have been financially if we had not swallowed "Georges War to No
Where" based on a lie.
Wake up America!!! Obama for President
I ran out of cash meeting uninsured broken arm surgury, then started using credit cards. Did the low rate transfers and all that stuff. Now back to work, but could not make payments last few months. Hounded by their phone calls all the time. Have not answered their calls. But I am now working again and can start making payments. I am ready to contact the credit card companys. Before I do, I would welcome any advise (or benefactors, Ha,Ha). Totally, by rough calculations I owe about ,000.
As an after thought, I am aware there were changes in the bankruptcy laws but do not know the specifics. Is bankruptcy a good option. Basically I have zero assets, no real property.
In closing, who is a reputable debt consolidation company, is bankruptcy a viable alternative, or is their an an alternative I do not know of? Thank you for your advise.
P.S.
Spend for a non-slip pad for your bathtub. Money well spent !