Monday, April 25, 2011

How to rally against insolvency ...

There are two types of personal bankruptcy under the United States Bankruptcy Code, Chapter 7 and Chapter 13 ... .The two chapters of the Bankruptcy Code provides for the payment of creditors on a percentage of the money owed to repay them, sometimes even 100 percent of what the creditor was originally due. ... .A creditor, a credit card company, mortgage company or a person presenting a personal loan. ... .In order to collect against a bankruptcy applicant (or jointly), you must produce, which shows you a "proof of claims .." This document, thanks to money from the bankruptcy. .. Difficulty: ModerateInstructions1Collect all invoices, statements and agreements of the debts of the debtor owes you. ... .These documents must be in your proof of the claim be included. ... .These documents should include the services were provided, the amount owed and how much, if any, interest bill. ... .If payment is delayed or if the debtor is in default on debt include documentation showing that this information well.2File proof of claim with the bankruptcy court. ... .Proof of Claim is available on the website of the local jurisdiction bankruptcy be found. ... .It must be with the bankruptcy court and the documents you submitted in step 1 above collected. ... .After it was filed, the bankruptcy trustee for the case to review the evidence claim and to consider a recommendation to the court whether to approve or deny, demand proof. ... .If the proof of the claim is denied, you have a right to a hearing before a bankruptcy judge to prove your payment debt.3Collect accordance with the plan of bankruptcy. ... .Recognize that this type of debt to you, or guaranteed or not, you can use a portion of the amount that you collect on loan initially. ... .That's all you can collect. ... .After the bankruptcy was discharged, all of the debtor's debts were discharged, and you can not initiate collection efforts for the rest of the amount due to reach ....

No comments:

Post a Comment