Assets for bankruptcy

Posts Tagged ‘bankruptcy’

I have mounds of credit card debt, a car that I owe more then I could sell it for, and a house that is in the same condition – and our income has taken a hit and I can no longer afford to make payments.

I am considering Bankruptcy. What would happen to all this debt? What are the major differences between Ch.11 and 13?

I live in Texas, if that helps.

10 points to best answer with a reference link.

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Technorati Tags: bankruptcy, credit card debt, mounds

My dad works for GM and since the news that GM may declare bankruptcy, both of my parents have been worried. What are the chances that GM will go bankrupt?

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Technorati Tags: bankruptcy, dad works, gm, parents

I’m currently doing some research on my local area (Western New York) and trying to find businesses that have gone bankrupt and are no more. The purpose of this is to analyze their strategic roles so I can depict how I would have handled the business to steer it clear of bankruptcy. Where would you look to find some businesses?

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Technorati Tags: bankruptcy, local area, western new york

It seems unfair when a company files chapter 11 they only have to pay back a portion of what they owe to creditors. is this true and how many time can you file bankruptcy until they say you can’t?

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Technorati Tags: bankruptcy, chapter 11, company files, creditors

I am currently enrolled in a debt mgmt program and cannot make the payments any longer. My house and land is valued at ,000 and I have very little personal assets. Does anyone know which chapter would be right for me? Is there somewhere I could call to get legal advice on this (I have VERY little money to pay a lawyer)? Where can I find the stipulations for bankruptcy in Virginia? Thanks
I also run my own business from home.

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Technorati Tags: bankruptcy, business from home, debt mgmt, lawyer, legal advice, money, own business, personal assets, stipulations

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?

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Technorati Tags: bankrupt company, bankruptcy, stock owners

I have consitently paid on my chapter 13 to the courts for about 1-year now. However, I am still behind on some properties I own and need to refinance everything I ahve. Any ideas? No the bankruptcy ahs not been discharged. ASny private investors out there who will take a chance on a guy who wants to turn it around and wants to start over?

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Technorati Tags: bankruptcy, chapter 13, private investors

Can I liquidate the assets I have inside my business to pay off other debts that I have to recoup the money I have lost and then file bankruptcy on the rest of the loan? And if the contents of the business was part of the colleteral for the loan then I assume I probably can’t do this….

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Technorati Tags: assets, bankruptcy, colleteral, debts, money

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 .

I never sold or gave up my stock, so are they still something?

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Technorati Tags: bankruptcy, stock

If someone declares bankruptcy and lies about assets in his or her name, what should happen to that person? Should there be a penalty? Should the person be required to disgorge assets? Should the person be required to pay a fine? What should happen to that person’s attorney?

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Technorati Tags: assets, bankruptcy