What happens if a Bankruptcy is closed without discharge?
961266
If a case is closed without a discharge, more than likely you have not taken your personal financial management course.\n\nIf you have not taken the credit counseling, your case will get dismissed.\n\nIf it was closed without a discharge, you will have to file a motion to reopen the case to file a financial management certificate. ($220 to reopen a chapter 7 and $150 for a chapter 13)\n\nhttp://www.rib.uscourts.gov/Docs/BKLegislation2005/FinancialMgmtExternal.pdf
803773
The answer is determined by the landlord.  Some landlords (mostly large, corporate-owned) have a "strict" formula they use to determine whether to rent to someone.  Bankruptcy counts as a negative, as would any other poor payment history.  With some of these apartment complexes, it might be difficult.  Of course, you could offer additional security deposit and that sometimes forcing them to "recalculate."\n\nIndividually owned, or smaller apartment buildings are generally not as strict and if the landlord takes a liking to you, the landlord can find a way to get the lease done.  Again, offering a bit more security deposit would go a long way toward convincing the landlord you aren't going to skip out on rent.\n\nIn my years of representing debtors in consumer bankruptcy cases, I've actually had a number of clients who were told by landlords to file bankruptcy first, then they would be willing to rent to them.  Thus, some landlords are savvy enough to realize that renting to someone who is facing wage garnishment or a lawsuit by a creditor that isn't getting paid is much more risky than renting to the same person who is debt-free!\n\nI believe that a landlord who turns you down citing the bankruptcy would have turned you down even without the bankruptcy because of your debt problems.  Bankruptcy tends to be a solution, not the problem.  Thus, your real question is "will I be approved for an apartment if I have trouble paying my bills and will bankruptcy make my chances better or worse?"\n\nTaking the question this way, the answer is, in my opinion, that bankruptcy makes your chances better.  Landlords often turn prospects down because of their poor payment history and poor debt to income ratio.  But, bankruptcy is a way to eliminate the debt so that you can begin rebuilding and so you can use your available cash to pay necessities like rent, utilities or groceries.  It's a way to demonstrate to the landlord that you are a good risk because the landlord is your priority and there is no one else who has a claim to your income that would prevent you from paying your rent.
474527
Don't feel threatened by this.  If you don't pay your medical bills, they WILL be reported to your Credit Report.  Don't worry though, you won't go to jail if you don't pay it, but you might regret it later when you need to purchase something on credit.
340115
The whole Chapter 7 bankruptcy process takes about four to six months, costs $200 in filing and administrative fees without an attorney, and commonly requires only one trip to the courthouse. \n\nTo file for bankruptcy, you fill out a two-page petition and several other forms. Then you file the petition and forms with the bankruptcy court in your area. Basically, the forms ask you to describe: \n\n \n\nyour property \nyour current income and its sources \nyour current monthly living expenses \nyour debts \nproperty you claim the law allows you to keep through the bankruptcy process (for example most states let you keep clothing, household furnishings, Social Security payments you haven't spent and other basic items) \nproperty you owned and money you spent during the previous two years, and \nproperty you sold or gave away during the previous two years. \nFiling for bankruptcy puts into effect something called the "automatic stay." The automatic stay immediately stops your creditors from trying to collect what you owe them. So, at least temporarily, creditors cannot legally grab (garnish) your wages, empty your bank account, go after your car, house or other property, or cut off your utility service or welfare benefits. \n\nUntil your bankruptcy case ends, your financial problems are in the hands of the bankruptcy court. It assumes legal control of the property you own (except your exempt property, which is yours to keep) and the debts you owe as of the date you file. Nothing can be sold or paid without the court's consent. You have control, however, with a few exceptions, of property and income you acquire after you file for bankruptcy. \n\nThe court exercises its control through a court-appointed person called a "bankruptcy trustee." The trustee is mostly interested in what you own and what property you claim as exempt. This is because the trustee's primary duty is to see that your creditors are paid as much as possible on what you owe them. And the more assets the trustee recovers for creditors, the more the trustee is paid. \n\nThe trustee goes through the papers you file and asks you questions at a short hearing, called the "creditors' meeting," which you must attend. This meeting is not likely to last more than five minutes. Creditors may attend, too, but rarely do. \n\nAfter this meeting, the trustee collects the property that can be taken from you (your nonexempt property) to be sold to pay your creditors. You can surrender the property to the trustee, pay the trustee its fair market value or, if the trustee agrees, swap some exempt property of equal value for the nonexempt property. If the property isn't worth very much or would be cumbersome for the trustee to sell, the trustee can "abandon" the property-which means that you get to keep it. Very few people actually lose property in bankruptcy. \n\nIf you've pledged property as collateral for a loan, the loan is called a secured debt. The most common examples of collateral are houses and motor vehicles. In most cases, you'll either have to surrender the collateral to the creditor or make arrangements to pay for it during or after bankruptcy. If a creditor has recorded a lien against your property, that debt is also secured. You may be able to wipe out the lien in bankruptcy. \n\nIf, after you file for bankruptcy, you change your mind, you can ask the court to dismiss your case. As a general rule, a court will dismiss a Chapter 7 bankruptcy case as long as the dismissal won't harm the creditors. Usually, you can file again if you want to, although you may have to wait 180 days. \n\nAt the end of the bankruptcy process, most of your debts are wiped out (discharged) by the court. You no longer legally owe your creditors. You can't file for Chapter 7 bankruptcy again for another six years from the date of your filing.
464996
Previous answer is good advice- consult the closer of the loan.  If you have not closed on the home- meaning have not signed the final paperwork- you can still back out.  Generally in meeting a loans conditions for closing there are several things that depend on your providing them for loan approval- if you have not closed on the property- simply do not provide them and your loan will never be approved.
458379
Yes and no. If you have declared bankruptcy, 10 years. Non-payment and late payments...2-7 years. There is a reason people get bad credit...unless you change your ways, you will just keep on adding to the pile. 7 years is a very long time. Start today to clean it up, or nothing will have changed in 7 years. Good luck
850132
Once the bankruptcy case is filed your wages CANNOT be garnished by an ordinary creditor.  At that point, only taxes or court ordered child support can be garnished from your wages.  Those items cannot be discharged by bankruptcy.
849535
A chapter 7 bankruptcy stays on your credit file for 10 years. Most other negative information will come off after 7 years from the last activity. If a debt is written off, it should come off 7 years from the date of write off. You can contact the three credit bureaus and they can tell you when specific items will come off of your report.
483727
strange things happen when you go bankrupt
711165
I doubt that the bankruptcy trustee would excuse you from attending the Meeting of Creditors that is required under the Bankruptcy Code.  Besides, what is the urgency to file bankruptcy while you are still incarcerate?  You can file after you get out.
181310
You should take action right now to start to clean up your credit.\n\nTake your discharge letter and the list of creditors notified and send that to the 3 credit bureaus asking them to change the reporting of those accounts as "Included in Bankruptcy". This will take about 30 days. \n\nYou will possibly see some of the accounts deleted do tho the fact that some creditors "write off" the discharged debts due to your bankruptcy. Other creditors will change their reporting to be included in bankruptcy. Still others will report the late payments they showed before your bankruptcy and won't change it because they legally aren't required to.\n\nCheck out Stephen Snyder's website www.lifeafterbankruptcy.com He does free seminars nationwide to show you how to clean up your credit and re-establish good credit as fast as possible.\n\nGood Luck
881082
You may get a ticking off and a small fine.  It's more likely that nothing will happen to you and that a grateful prosecutor will look at your documents and apply to have you discharged.  (I do hope so!)
440304
It depends on the Company and the job you are applying for. If you are applying for a job in Finance or Accounting or have access to client's financical information, a bankruptcy may prevent you from being hired. If you are applying for a job that has nothing to do with money handling, they may not even check credit history in the background check. It all depends on the Company. The best thing is to be upfront from the beginning.
281392
Depends on the state, and how easy it is to access their law information.\n\nIn Michigan, a quick search of Michigan's MCL laws comes right up with that info.\n\nNow, understand how it applies to you is a completely differant battle.  I would strongly suggest you get a bankruptcy attorney and let him explain it.
669241
It means that YOU closed the account.  It's not a bad thing...closed by CREDITOR is a bad thing.
902356
The answer is, "it depends."\n\nWith some lenders, as long as your bankruptcy remains on your credit reports you will be denied credit.\n\nThe good news is, there are many "normal" lenders who are willing to work with you after bankruptcy. You just need to know where to find them.\n\nIt's NOT about working with lenders that are convenient for you. It's about finding lenders that will work with you without taking advantage of your situation.\n\nEach lender sets their own "credit guidelines." What are credit guidelines? They are simply the minimum requirements you must have in order to qualify for credit with that lender.\n\nThe three common credit guidelines for most lenders who work with people after bankruptcy are: \n(1) The amount of time you have since your discharge\n(2) How you pay your bills after discharge\n(3) Your FICO® credit scores.\n\nTime will heal.\n\nMortgage companies are pretty forgiving when it comes to lending money to someone who's filed bankruptcy. In fact, after bankruptcy, it's actually easier to get a mortgage on a new home than get approved for an unsecured credit card.\n\nAs long as your middle FICO credit score is 580 or above you will qualify for mortgage financing with no money down...just maybe not at the interest rate and terms you want. (This assumes you haven't had a foreclosure in the last 24 months and you have a good payment history since your discharge.)\n\nTo get better terms and a lower interest rate, you need a higher middle credit score. A middle score of 600 will give you a lower interest rate and better terms. (This assumes you haven't had a foreclosure in the last 12 months.) A middle score of 620 or above opens up even better options once you have two years after discharge.
1087005
The dismissal in fact leaves open the possibility of re-filing the lawsuit or otherwise attempting to collect the claimed debt.\n\n"Without prjeudice" means that the case was not adjudicated and no resoltuion has been made.\n\nHowever, at this point you have grounds for a counter-action if they continue to pursue this claim, or make harmful statements to credit reporting agencies.\n\nYou can ask an attorney to help with a formal letter to the company advising them that you will take such action.  You should include copies of any derogatory material on any credit reports, and demand that these be corrected.  Separately, you should also notify the credit reporting agencies that the report is incorrect and demand a change.\n\nIn this manner you protect your intersts - and, if the company is fool enough to try again, you are positioned to sue them in return and make a wad.