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justlilolme asked: My fiancee had a home in another state that ended up in foreclosure. Now his credit score has suffered. What is the best and fastest way to try to reestablish his credit? Before the foreclosure his credit score was great. He also owns the home we live in and is current on all [...] thecoxons asked: My question is how long afer bankruptcy and foreclosure before one is able to get a new home? Is it 3 years for foreclosure and 2 years for bankpruptcy? Mark asked: I have purchased some stock of CIT when it was $.30 . For about 3 months it went about and down in value and then eventually the company when bankrupt. Now its out of bankruptcy and the stock is work $29. I never sold or gave up my stock, so are they still something? For some people, but not every one, filing for bankruptcy is a way to get a fresh start from the debts that have been gathering over the years, although this is not something that is automatic. Your financial state, your liabilities and assets, your income and your monthly expenses are all taken into consideration, [...] Mrs. Pearlie asked: Just like to see if the prices would be different? I know that foreclosure homes are cheap, but are the bankruptcy homes cheaper or? Whats the catch? Anything would be appreciated. Thanks. AMC asked: What happens to the stock owners of a Ch.11 bankrupt company if the company is bought out by another company? I own shares of a company that recently went into Ch.11 bankruptcy, and now I hear rumors of a possible buyout? What would happen to my shares if this happened? Chapter 13 bankruptcy law is at times referred to as reorganization bankruptcy. It’s very different than Chapter 7 bankruptcy. In a Chapter 7 bankruptcy virtually all of your debts are cancelled out. But, you must give up any belongings that aren’t exempt from seizure by your creditors. Under Chapter 13 bankruptcy law, you aren’t required [...] I’m an American very concerned about this. What would happen to me should the govt go bankrupt? Is bankruptcy possible under current circumstances?By: Yukidaruma1278About the Author: Content supplied by Articlesbase.com Bankruptcy Laws Significant changes in consumer bankruptcy laws took effect on October 17, 2005, with passage of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. Before that time, filing for chapter 7 bankruptcies was an easy way out of financial obligations. Many people spent years being careless [...] |
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