The Federal Bankruptcy Court location was halfway between us, so it was quite workable. This is all I can really say about that without getting into the kind of info a lawyer knows, so I'll leave it at that.
Now, I can't really speak about the old law versus the new law when it comes to the October 2005 Bankruptcy Reform Act, except for one thing. The credit counseling was the biggest waste of $49.95 that I have ever spent, and a waste of 2 hours of my time, as well. The mortgage company and the auto lease company required a case number, but that was provided within days of filing the petition.
These payments actually started prior to any hearings or court appearances. Also, this was an opportunity for our creditors to appear in person to make claims against us. In our case, no one else showed up. We arrived early and were first to meet with the Trustee. There were people with injuries and health problems that were seriously complicating their financial situation.
Looking back over the past year, I'm relieved to know that there is a system in place for dealing with my debts, and that I can face the future feeling like I have a fresh start. If you make your payments on time, however, you can typically get the deposit back in about one year. Visit my site for more information about your credit after bankruptcy -/ and all of your options for your life After Bankruptcy -/.
The hardest financial goal I can think of is an unsecured loan bankruptcy. The first thing is to get a copy of your credit report and make sure everything that should be marked "included in bankruptcy" is. You don't want any of those accounts to be marked open or overdue. http://WWW.TOPLAWYERLIST.COM can really do to help your goal of an unsecured loan bankruptcy is get a secured credit card as soon as you can.
If you fail to make your payments the bank will take hold of your savings account and use it to pay the money you owe them, but you don't want this to happen. You also want to be sure that after a year of on time payments you will have the option to switch to an unsecured card. That is why you need as much information as possible before you take any action, allowing you to face bankruptcy with full knowledge of the process involved.
In each case, a petition must be made to the bankruptcy court. As soon as a court issues a bankruptcy order, you automatically have certain restrictions imposed upon you. Creating, managing or promoting a company with the court's permission;
This will be someone appointed by the court, and will either be an Official Receiver or (if you have significant assets) an Insolvency Practitioner. This arrangement usually lasts for around 12 months, after which most people are 'discharged' from debt. Furthermore, some people are subject to a Bankruptcy Restriction Order, which can impose the restrictions of bankruptcy (detailed above) for up to 15 years.
These payments actually started prior to any hearings or court appearances. Also, this was an opportunity for our creditors to appear in person to make claims against us. In our case, no one else showed up. We arrived early and were first to meet with the Trustee. There were people with injuries and health problems that were seriously complicating their financial situation.
Looking back over the past year, I'm relieved to know that there is a system in place for dealing with my debts, and that I can face the future feeling like I have a fresh start. If you make your payments on time, however, you can typically get the deposit back in about one year. Visit my site for more information about your credit after bankruptcy -/ and all of your options for your life After Bankruptcy -/.
The hardest financial goal I can think of is an unsecured loan bankruptcy. The first thing is to get a copy of your credit report and make sure everything that should be marked "included in bankruptcy" is. You don't want any of those accounts to be marked open or overdue. http://WWW.TOPLAWYERLIST.COM can really do to help your goal of an unsecured loan bankruptcy is get a secured credit card as soon as you can.
If you fail to make your payments the bank will take hold of your savings account and use it to pay the money you owe them, but you don't want this to happen. You also want to be sure that after a year of on time payments you will have the option to switch to an unsecured card. That is why you need as much information as possible before you take any action, allowing you to face bankruptcy with full knowledge of the process involved.
In each case, a petition must be made to the bankruptcy court. As soon as a court issues a bankruptcy order, you automatically have certain restrictions imposed upon you. Creating, managing or promoting a company with the court's permission;
This will be someone appointed by the court, and will either be an Official Receiver or (if you have significant assets) an Insolvency Practitioner. This arrangement usually lasts for around 12 months, after which most people are 'discharged' from debt. Furthermore, some people are subject to a Bankruptcy Restriction Order, which can impose the restrictions of bankruptcy (detailed above) for up to 15 years.
