Finance Q&A

Bankruptcy

Edwards Finance > Bankruptcy

I have aquestion how the Worldcom Bankruptcy is scored. Is it by assets or liabilities?
Worldcom bankruptcy would be the biggest bankruptcy in world history. I have a question how this is scored. Is it by assets or liabilities? In short by bags or contents. Meanwhile, the story offers a puzzle for the readers to come with a compromise solution for: ``WorldCom has no current plans to renegotiate Ebbers' severance package, which pays him $1.5 million a year for life, or bonuses he received during his tenure.''-It sounds like Drudge is not comparing in constant dolla...

could i file bankruptcy with new laws ?
I have 15,000 in credit card debt with new laws, I have a personal loan mother cosign i have no problem paying on that. education loan of 8,000 i will pay for life but the montly payment doesn't kill me. The credit cards do my minimum payments are around 350 a month just on my cards. I have been making minimums but am getting nowhere, only to have them jack my interest rates and minimum payments. The c.c. are killing me and with bankruptcy reform am i able? Should i talk to a...

what problems after bankcruptcy?
Had my bankruptcy discharged a couple of months ago. Things are going very well since then. My new job pays me an average of $1000+ a week and I have no dependants. I want to start rebuilding my credit and as it happens I very much need to replace my car. I want to buy a decent used car in the $10,000 - $15,000 range but I DO NOT want to go through a dealer. I would much rather buy through a private party. However, with my "colored" credit history, what kinds of loan institutions...

I need some information about the People Bankruptcy?
We have about $36,000 in debt (mostly Credit cards - unsecured) and as hard as we try to work things out with the companies to get a plan to pay it off, we just can't seem to do it. My wife is disabled so she does not work. We were in one of those situations where we borrowed cash against the cards because we needed it for bills, rent and the car. Well now we're in deep and thinking about what to do. I talked to one company that has you stop paying the bills, direct the creditrs ...

I need some advice abuot new Washington State Bankruptcy Law?
I talked to one of creditors on the phone. He was collecting for a medical debt. He said that under the new Washington Bankruptcy Law passed by congress I could no longer discharge this debt because it was involved needed medical services. He sounded convincing. However I doubt this for several reasons. For one thing what I think he is referring to the new law passed in March. That is not even signed into law yet. Even if it were signed into law most provisions of it would take si...

Some infomations about Washington School District
Washington DC schools spend more per pupil than just about every school district in the US, yet it has some of the lowest performance in the country. By contrast, Holmdel school district in New Jersey has been among the lowest cost per pupil in that state, and has had some of the highest test results and performance from its graduating classes. It is one of best shool in Unitedstates Are you agree with me?Why are you trying to compare the amount of money spent in DC to that spent in...

Some informations about Washington Bankruptcy Law
I'm a Washington state resident, and had some awful medical bills from a pregnancy a few years back...need to file chapter 7 before this stupid new bankruptcy law goes into effect. This is the weird part of my situation. OK, I have lived in Washington for two years, have my license, voter registration and such there....BUT I recently did a *temporary* relocation to Alabama for a *temp* job here, which will last like seven months. The place I was living in Washington...is the ...

Can someone give some information abuot Virginia Bankruptcy Law?
Can someone give some information abuot Virginia Bankruptcy Law?Im not lawer but i 've lived there 20 years,so i can give u some infoermation: "In some states, homestead exemptions are set by area as opposed to value. Florida's 160 acre exemption allowed Paul Bilzerian to retain a $6 million, four story, 11 bedroom, and 20 bath mansion near Tampa. In a Virginia case, the owner of a failed mortgage company was allowed under state law to keep his "one horse" - an $800,000 racehorse pur...

Vancouver School District ?
Computer death did not occur in my household, but my iMac was in trouble, with frequent crashes and an inability to access many web sites. The on/off button worked only half the time, and I couldn't plug speakers into it. An ungodly whine was coming from the hard drive or some board. And slow! EBay was hardly worth the trouble, not that that's a bad thing. My son talked me into buying an iMac G4 Tower and 20" Apple Cinema monitor. It was installed yesterday, and...Wow! We have al...

Someone asks about Utah Bankruptcy Law
What happened to, "if you tithe, you will be blessed"? Does tithing contribute to Utah's bankrupt problems.?After reaching 19,342 bankruptcy filings in 2001 — a 28 percent increase over 2000 and the highest number since the U.S. Bankruptcy Court for Utah began keeping records — Utah is poised to topple its new record, possibly surpassing 20,000 filings in 2002. Blame it on maxed-out credit cards, proposed bankruptcy reforms, medical costs or simply trying to maintain a certain...

jury duty for US District court?
I've been summoned for jury duty for the US District court in Birmingham. I'm looking for comments from those who have done this. Did you stay in Birmingham (they pay) or commute? I know some were dismissed due to lack of trials.-General tour of duty is 1 week per month for 6 months. You call ahead to see if they need you in the jury pool for that month. If you live in Huntsville they will pay for your mileage or if you have to stay overnight. Pay is $40 /day pluse expenses. If ...

Overseas assets safe after US bankruptcy ?
Hi, I've gotten over my head with credit card debt in the US after living here for many years. I am a permanent resident, originally from the UK and I am thinking of filing bankrupt in the US and afterwards returning back to the family home in the UK for a few years. I'm worried if filing bankrupt in the US would expose my UK home to the US creditors and further complicate life. They don't know about the home, but are they likely to find out ?Hi, I've gotten over my head with credit ...

A discusion about Us Bankruptcy Record
Looks like the bankruptcy is finally going to go through for long-time zine friendly music store, Tower Records. From what's being said, the company still has a shot at pulling itself out of the potentially devastating financial downward-spiral. One article states: "The bankruptcy filing is likely to happen within the next week in Delaware, barring last minute hitches or objections from creditor groups working to hammer out the "prepackaged" bankruptcy plan. Most creditors ...

Do U.S. bankruptcy laws deprive individuals of their Constitutional rights?
Do U.S. bankruptcy laws deprive individuals of their Constitutional rights? Every year thousands of Americans file for bankruptcy seeking a fresh start. bankruptcy law is reputed to protect the debtor. But what if the bankruptcy trustee has "unlimited powers" and you get a trustee that abuses that power? Dr. Glen Heidemann found out the hard way what can happen. A licensed clinical psychologist and former University of Arizona professor, Dr. Heidemann filed a Chapter 7 Re-Organiz...

Some question about Us Bankruptcy Court
(A) and (B) were married, bought their home 12 years ago, and got divorced 2 years ago. In the property settlement, (A) got the house and (B) got a balloon second mortgage for $40,000. Earlier this year (A) filed a bankruptcy and gave (B) (through the bankruptcy trustee) a deed in lieu of foreclosure. (B) sold the house at a fire sale, paid off the first mortgage, pocketed $38,000 on the second mortgage, and went to unsecured creditor status for the remaining $2000 -- got zi...


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