what is chapter 2 bankruptcy?
484413
There is no such thing. You may be referring to Chapter 11, perhaps you confused it with a roman numeral 2
839044
Here is a page that has all the facts regarding the new bankruptcy laws: http://www.expert-credit-advice.com/bankruptcy_facts.htm \n\n\nYou need to pass a means test to qualify for discharge..\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBest answer?
647921
Yes, you can file for bankruptcy.\nYou will still have to pay the court judgment and according to the new bankruptcy laws probably all of your other debt but it might stop some interest charges and late payment fees.\n\nYou should consult an attorney obviously I do not know what state you live in and the details of your case.
935661
You call your bankruptcy attorney and ask them.
377687
Without a doubt, its meant as a protection that was not awarded in England thus the term 'debtors prison.'  As a result people without the ability to file for bankruptcy were thrown into prison to die and later during colonial times sent into indentured servitude to pay off debts.  Almost all abuses of the bankruptcy system are perpetuated by corporations under 'reorganizing' and other businesses that get to curtail debt through a court approved settlement.  Or Donald Trump filing repeatedly because he puts his name in companies when he buys for himself. Most bankruptcy now, since chapter 7 is so limited by recent legislation never absolves the debt, but only gives an easier repayment plan to the debtors under different chapters of the bankruptcy code.  So in 95% of all instances for individuals, it merely makes a payment option that is afforable; hopefully for them as to have ability for food and shelter still.  Instead of taking everything from them, making them homeless, we allow people to live and not be thrown into prison, it was one of the major complaints of the colonists about English rule and strictly prohibited and why US started bankruptcy.  But for corporations, its just a way to screw another corporation generally...\n\ni.e. I'm a corporate, securities. bankruptcy lawyer for corporate clients...  When I die, I will be going to hell...
392439
If you fail the means test it is still possible that you might be able to file under Chapter 7 rather then Chapter 13 bankruptcy provisions.  If this is not an option you could try credit counseling.\n\nIf you are unhappy with the current bankruptcy law you should let your Federally elected Congresspeople know.
15483
There are different types of bankruptcy, and the rules have just been tightened up by the Republican Congress to make it harder for indiviuals to recieve bankruptcy protection for their personal debts.  The old rule was that there was a 7 year peroid after declaring before you could declare again.\n\nA legal website offers this info: \n\n"A Chapter 7 bankruptcy can be filed every 8 years from a previous chapter 7 filing or 6 years from a prior chapter 13 filing. Chapter 13 can be filed 4 years from a prior Chapter 7 filing or 2 years from a prior Chapter 13 filing. Filing bankruptcy can adversely affect your ability to obtain future credit, rent housing and even negatively impact a job application, so any decision to file must be carefully considered."
358190
The purpose behind Chapter 13 Bankruptcy filing is rehabilitation of the debtor. Meaning you are given the opportunity to repay some or all of your debts, but under generally better terms (lower or no interest). Rather than having to liquidate assets to pay off debts, this process is designed to allow the debtor to use future income to pay off creditors. Chapter 13 Bankruptcy is basically an adjustment or reduction of debts for a debtor with regular income.\n\nThe United States Bankruptcy Code provides the debtor an opportunity to pay back their creditors over a period of time of up to five years. This process is completely supervised by the court. Your attorney will ensure that your interests will be protected. \n\nChapter 13 Bankruptcy allows the debtor to keep all of their property. However, an interest-free plan for repayment must be developed and approved by the court. The debtor begins to make payments within thirty to forty-five days after the case has begun. Unlike Chapter 7 Bankruptcy, the payments are made to the trustee who will then pay the appropriate creditors. Chapter 13 Bankruptcy prevents creditors from collecting from the debtor. The creditors are required by law to strictly follow the terms of the repayment plan..a plan which is, of course, prepared by your attorney preparing the Chapter 13.
44840
Tough luck. \nThey just changed the bankruptcy laws in October '05. \nNow it costs more to file, but before you can even file, they make you jump through a bunch of hoops, and I guess their pushing chapter 13 (the payback plan)...\n\n\nGood luck!
760202
If you are totally desperate, and you have no assets to protect, you can file bankruptcy pro se. Many have done this.\n\nIt's harder now under the George W. Bush-sponsored 2005 Bankruptcy Code amendments. But it can be done. There is help online, especially at the newsgroup alt.bankruptcy http://groups.google.com/group/alt.bankruptcy?lnk=sg&hl=en\n(You need to register with Google. Set up a new Yahoo! or Hotmail account for that, otherwise you'll be bombarded with spam once  your real e-mail address gets online.)\n\nYou need to go through CREDIT COUNSELING first. There is a list of approved agencies, some online. Some of them -- perhaps most -- will waive their fee for really indigent people.\n\nYou CANNOT FILE until you have had that "counseling". It's a waste of time, of course, but it's part of Bush's law -- and the credit card companies bribed Congress to pass it with $40 million in campaign contributions (it didn't help the Republicans win, but it did get them the law they wanted). http://www.usdoj.gov/ust/bapcpa/ccde/cc_approved.htm (list of approved counseling agencies) \n\nSo all you'll need is money for the forms (you can hire a forms-filler person, but really you can do them yourself) and the filing fee ($299 for Chapter 7). Or (best of all) use Blumberg.com http://www.blumberg.com/ -- you may be able to do it for $50 online, although I'm not sure how that Web site works and don't have the time right now to figure it out. (I know the company's other forms very well.)\n\nI suggest you get the Nolo Press book on bankruptcy: http://www.nolo.com -- perhaps your public library has it, or maybe you can get it even cheaper on eBay -- but Nolo is very good for do-it-yourself lawyering.\n\nThere is other free legal help, but really bankruptcy isn't difficult when you have no assets (home, car, valuables) to protect. You get certain exemptions, depending what state you live in. Some states (Florida, Texas ...) are generous; others (Ohio, Illinois ...) not. But when you have nothing, it doesn't matter. Once you get a discharge, you will use debit cards. \n\nOpen an account with a bank where you have no loans or credit cards, and have only a few dollars in it when you file. And make sure you have no money in any bank you have loans or cards with because they will take that money -- even your unemployment check -- as an offset to your debt.\n\nVisit the bankruptcy court. Sit in on some sessions, talk to people there. Even lawyers if you like and if they have time. Also sit in on some "341" meetings of creditors where the bankrutpcy trustee interviews the debtors. You will be less apprehensive if you are familiar with what's going on.\n\nGood luck.
881806
I filed for bankruptcy 4 years ago. I made payments to my lawyer. I couldn't really afford one payment. Some of them will offer a payment plan.check into it
613183
Man!  Do I disagree with the comment about filing your own bankruptcy!  \n\nIf you are low income, there are provisions in the law allowing for some financial help.  Just ask the bankruptcy attorney.
16719
Frivolous bankruptcy means that you are filing for bankruptcy but actually have the means to pay your bills.
291833
I guess it depends on what type of bankruptcy you want to do cause they have several like chapter 7. 11 and 13 and some are meant for buiness owners only and can be costly too. it also depends on if you want to eliminate everything and then certian debts can't be eliminated which is best to talk with a attorney the laws are changing all the time.
356558
Yes - that's what Chapter 11 is for.  A company is profitable but for some calamity or disaster which is not going to be repeated.  Chapter 11 allows for reorganization and for the going concern value of the business to be preserved.
1049546
Student loans cannot be discharged at all under any bankruptcy. Credit card debt can be discharged if you qualify for chapter 7, but the big change is that most people will not qualify for chapter 7, but instead must file chapter 13 bankruptcy, which creates a 3-5 year payment plan in which all disposable income is used to pay off the debt. After the plan is fulfilled, the remaining debt is discharged.
456447
Your employer is about to go bankrupt. Seek new employment.