Discover the expert in you.
Discover the expert in you.
The satellite-based Global Positioning System, an essential aid to navigation, has its own timekeeping system and date format. Unlike familiar Gregorian dates that have a month, day and year, GPS receivers use two items: the number of weeks since January 6, 1980 and the number of seconds into the current week. With a little arithmetic, you can easily convert the current day and time into GPS seconds.
In a bankruptcy case, a "notice of commencement" signifies a very particular thing. Find out what a "notice of commencement" means in a bankruptcy case with help from a financial planner in this free video clip.
Bankruptcy won't stop you from buying a house forever, but it may delay the opportunity for awhile. Find out if people can buy a house after bankruptcy and learn how long they have to wait with help from the editor-at-large for Bankrate Inc.’s CreditCardGuide.com in this free video clip.
Just because you're declaring bankruptcy doesn't mean you're going to lose your home. Learn about surviving bankruptcy and keeping your home with help from a bankruptcy and personal finance expert in this free video clip.
Just because you've already filed for bankruptcy doesn't mean you can't make changes to that filing as needed. Add an old bill that you forgot to put on your bankruptcy filing after the fact with help from a bankruptcy and personal finance expert in this free video clip.
Entering into a reaffirmation agreement in regards to your property following bankruptcy has a few very serious consequences that you need to be aware of. Learn about the reaffirmation of property following bankruptcy with help from a bankruptcy and personal finance expert in this free video clip.
Moving to another state during a bankruptcy case always requires you to keep a few very important things in mind. Move to another state during bankruptcy with help from a bankruptcy and personal finance expert in this free video clip.
After a bankruptcy discharge there is a waiting period where a few particular things can happen. Learn about the waiting period after a bankruptcy discharge with help from a published finance author in this free video clip.
When somebody declares bankruptcy, they have to put all their assets with the court. Learn about objection to bankruptcy dispersement with help from a licensed attorney who specializes in financial information in this free video clip.
Just because you've claimed bankruptcy doesn't mean you can't buy a home. Buy a home after claiming bankruptcy with help from a business consultant and motivational speaker in this free video clip.
Bankruptcy often involves surrendering a significant asset such as a home in exchange for the corresponding debt being forgiven. IRS Form 1099-A details the surrender of a home in exchange for the forgiveness of a debt. This form is used to complete a personal income tax return.
For almost 50 years, the name Memorex has been associated with computer accessories, IBM peripherals and most recently, personal electronics. Throughout its history, the Memorex name has reinvented itself numerous times. For almost a decade, for example, the company was known as Memorex Telex NV -- a name change that corresponded with its acquirement of the Telex Corp. in 1988. Today, the Memorex brand is still alive, but exists as a brand of Imation.
The U.S. court system exclusively handles bankruptcy cases in the United States under the authority of Title 11 of the United States Code, regardless of whether you file in Kentucky. If you have property in a trust fund with your minor son named as the beneficiary, his assets usually are protected from seizure, and the property in the trust does not count against you when filing a Chapter 7 bankruptcy petition, which allows you to declare total bankruptcy and wipe out most assets and liabilities, or Chapter 13 bankruptcy petition, which allows you to reorganize your debt.
Debtors frequently agree to pay a debt that they could eliminate through bankruptcy, or reaffirm it. In general, if a debtor in bankruptcy does not reaffirm a debt owed to a bank, the bank has few ways to collect on an account. In addition, reaffirmation agreements do not always work because a court may reject the agreement. Thus, the bank may need to rely on the debtor voluntarily paying on the account to recoup its loss.
If you are going through Chapter 7 or Chapter 13 bankruptcy, creditors might try to use reaffirmation agreements to commit you to pay debts that would normally be discharged through bankruptcy. With this type of agreement, you will assure a creditor that you are liable for the debt on secured property, such as a mortgage or vehicle, at your current monthly payments and interest rates, regardless of bankruptcy proceedings. Your case will have to be reopened after a judge has closed it in order for you to file a reaffirmation agreement.
Just because you've filed for bankruptcy doesn't mean you can't still buy a home. Buy a home if you've filed for bankruptcy with help from a real estate and mortgage professional in this free video clip.
A bankruptcy discharge involves relinquishing financial responsibility for certain dischargeable debts. Whether you, as a contractor, may discharge the obligations associated with a surety bond will depend on several factors, including the type of bankruptcy you file and how the surety company structured its agreement with you.
The air conditioner compressor is the section of the A/C unit that compresses the refrigerant, concentrating its energy and heat that it draws from the air. This cools the air and allows the refrigerant to be passed off to the evaporator, which releases the heat. If you have a compressor that is switching on and off rapidly, your A/C unit is not operating correctly. Examine your system to see if you can find the problem.
Filing for bankruptcy can relieve you of the obligation to pay many of your debts and can protect you from most creditors who look to collect on debts from you. The bankruptcy process incorporates an automatic stay provision that prevents your creditors from taking action against you. If your creditors include an accident victim, filing for bankruptcy can protect you from legal action taken by the victim, as well.
If you have filed for bankruptcy, your aim was to have your debts discharged. If you receive a dismissal rather than a discharge, you understandably want to file your case again. Generally, the bankruptcy code does not bar any person from filing for bankruptcy at any time. Therefore, you can file for bankruptcy again after your case has been dismissed.
At a time when jobless claims seem higher than normal, some people find it very difficult to afford their debts. When the economy is booming, people often make purchases that they feel they can afford, only to be hit with a surprise termination from their work. Sometimes the only choice at that point is to declare bankruptcy. It is important to understand the legal processes that take place during this period.
A discharge from bankruptcy means your bankruptcy case is finalized by the bankruptcy court. When a judge is ordering it, you no longer have the responsibility in paying the debts you owe. After the discharge, however, you as the debtor have various duties in certain scenarios. Deal accordingly with issues pertaining to personal assets, taxes and other remaining debts.
Attorneys need several years of schooling to practice law. Lawyers must graduate from an undergraduate program, earn a law degree and possibly pursue a specialty degree in a specific area of the law. Most bankruptcy lawyers focus their second and third years of law school on learning bankruptcy principles, although some obtain additional education in programs dedicated to bankruptcy law.
The court issues a writ of possession in the last step of an eviction case. The writ permits a law enforcement officer to enter the home of the evicted tenant to remove the tenant from the house. The tenant needs to file bankruptcy before a certain point in the eviction process to stop the writ of possession from being issued. If the tenant fails to file the bankruptcy before the court rules in favor of the landlord, the tenant cannot stop the writ of possession with a bankruptcy filing.
Bankruptcy gives an automatic stay against collections, so no creditor is able to pursue collection efforts while the bankruptcy case is ongoing. However, creditors may still come after the debtor before he files the paperwork to begin the bankruptcy process. Many creditors may hold off on continuing their collection efforts when informed that the debtor is in the process of filing bankruptcy, even if he is a few months away from finishing the paperwork.
Declaring bankruptcy can be a stressful time when important steps or procedures may be overlooked. While some of your goods may be repossessed depending on what type of bankruptcy you are filing, a reaffirmation agreement may help you keep some of your possessions following bankruptcy.
You've lost your job or run into other unfortunate circumstances that have caused you to fall behind on payments and made you consider declaring bankruptcy. One element to keep in mind when you file for bankruptcy is whether you have federal government overpayments you owe back to the government, and whether you can discharge these overpayments during bankruptcy proceedings.
Attorney's fees can cause a great deal of post-divorce financial stress, especially if the court has ordered an ex-spouse to pay the legal fees of the other party. If the divorce required lengthy litigation, the attorney's fees might have become a significant expense. If an ex-spouse later files for bankruptcy, the bankruptcy proceedings might affect the terms of the divorce. Either spouse, whether the party filing for bankruptcy or the other party, may need to consult with a bankruptcy attorney for personalized advice.
Most foreclosure actions in Texas are done without a court procedure, utilizing a power of sale clause in the trust deed-mortgage document. The lender and trustee must follow certain legal notice requirements and procedures. The process takes many weeks, culminating in a foreclosure sale. The property owner-debtor can at least temporarily halt the foreclosure process by filing for bankruptcy.
A snowblower is a crucial machine during the winter months and must be properly stored in the off-season to ensure it continues to run well from year to year. Improper storage procedures will lead to snowblower rusting. Fortunately, you can prevent engine and part rusting by utilizing oil and silicone grease. These maintenance tips can be applied in short order by any novice and require no pre-existing knowledge of snowblower maintenance and repair.
If you're struggling with debt, you may consider filing for bankruptcy. If you file for Chapter 13 bankruptcy in order to keep your assets, as part of your filing you must submit a detailed plan to the court outlining how you will repay your debts over a three- to five-year period. The bankruptcy court must confirm your plan. If your financial situation changes after filing your plan, you may petition the court to amend or modify it.
You might consider using bankruptcy to stop a civil action against you, especially if it involves thousands of dollars, but the law cannot always help. Whether you can discharge a court judgment depends on the type of case related to the judgment and if any property secures the debt. In most cases, you can discharge a judgment.
Filing for bankruptcy means you may lose all of your assets, including your car. However, not all bankruptcy filing results in the loss of your assets. Chapter 7 and Chapter 13 bankruptcy are two common filings you can make. If your car is repossessed, threatening bankruptcy may give you leeway to negotiate a payment plan with your bank, or you may be charged storage fees until you're able to pay to get your vehicle back from the bank.
You don't have to be severely deliquent on your bills to file for bankruptcy. In fact, all that's necessary for Chapter 7 bankruptcy eligibility is passing the means test. Even individuals with relatively high incomes can file for bankruptcy. Income is considered, of course. However, your debt-to-income ratio is even more important.
There are beneficial and negative aspects of bankruptcy. Understanding the consequences of filing for bankruptcy is important if you are looking for debt relief options. Bankruptcy can temporarily impair your credit and affect your ability to keep certain assets, but it can also get rid of your debts and make it easier to manage living expenses. Learning about the effects of bankruptcy will help you decide if it’s the best course of action.
A reaffirmation agreement is a contract stating that you will continue making payments towards a debt. Reaffirming a debt will prevent it from being discharged during a Chapter 7 bankruptcy. The reaffirmation agreement needs to be filed prior to receiving the discharge order. When the reaffirmation agreement isn’t filed, it is possible to remedy the situation. Understanding the consequences of reaffirming a debt is important when deciding how to proceed.
When you owe money to multiple creditors, filing for bankruptcy can provide you with some court-assisted relief from the debt. During the initial stages of the bankruptcy filing, your creditors may still try to collect from you and charge you late fees. By the time you're done with the bankruptcy, you shouldn't have to worry about late fees any longer.
Volunteers make up for 73 percent of firefighters in the United States, according to the National Volunteer Fire Council. Volunteer fire departments are nonprofit corporations. They utilize funds from private sources such as donors or county or state funding. Like any corporation, volunteer companies have expenses. They may rely on credit facilities and sometimes more money is borrowed than can be paid back. This leads to insolvency and, possibly, bankruptcy.
If you're considering bankruptcy, it's important to choose the right chapter for your situation. In a Chapter 7 case, your nonexempt assets are liquidated and your liability for your debts is eliminated. In a Chapter 13 case, you make regular payments over time until your debts are satisfied. If you file a Chapter 13 petition, you may choose to convert to a Chapter 7 case later on, which may offer certain benefits.
If you are in the process of moving to a new state and you wish to file bankruptcy, you may wonder if the relocation will affect your bankruptcy case. In most situations, moving from one state to another won't prevent you from filing bankruptcy, but it may affect the location in which you must file. Moving may also affect your allowed exemptions.
Limited liability company operators can receive a discharge of some debt when declaring personal bankruptcy if they are also the company's owner. If the LLC declares bankruptcy, the trustee will discharge company debt; but, the operator does not receive protection from personal debt. If the operator personally guaranteed the loans, the creditor can seek payment from him if the trustee discharges the debt in the company's bankruptcy petition. Owners of a no-asset LLC can declare personal bankruptcy to receive a discharge of personally guaranteed loans but, if the company remains in business, creditors will continue to seek payment from the…
Creditors have the right to sue debtors who fail to repay what they owe. If a creditor sues and wins, it can then pursue garnishment of your wages or attempt to seize your bank account. Filing bankruptcy can put a halt to creditor lawsuits and prevent further collection actions. If you've been sued by a creditor and are unable to pay what is owed, filing bankruptcy can give you a clean financial slate.
The term bankruptcy carries several severe and often inaccurate connotations. To many people, bankruptcy means the end of a corporation's existence. In some cases -- and in some countries -- that may be the case. However, U.S. bankruptcy law is set up in such a way that bankruptcy typically offers a reprieve or negotiation period for indebted corporations to sort out their debts. During this period of bankruptcy protection, corporations often face lawsuits from creditors and trustees, and judges decide how these claims are handled.
Owners of homesteaded properties in Florida generally pay significantly less property tax than owners of non-homesteaded properties. In order to revitalize the real estate market, the legislature passed a constitutional amendment in 2008 that allows a homesteader to buy a more expensive owner-occupied homesteaded property without necessarily paying higher property taxes. There are no other rules or mortgages that would be different between a first-time and second-time Florida homeowner other than the fact that the buyer would not be eligible for first-time homeowner loan assistance if he had owned an owner-occupied property during the past three years.
Moths, winged, furry insects that typically appear gray in color and flutter about like dusty butterflies, are found in virtually every region of the United States, particularly during the spring and summer months. It's also not uncommon that you'll find a few of these creatures flying around your house or climbing on your walls. Moths may either just wander in on occasion, in which case they're not much of a threat, or you could have an infestation that could lead to tainted food or clothes with holes in them.
The bankruptcy process can help you overcome financial difficulties by giving you a fresh start. The bankruptcy code, however, has numerous exclusions and you cannot discharge certain liabilities through this process. In cases of spousal and child support, the law does not allow you to discharge these obligations through bankruptcy. After the discharge of your bankruptcy, you will still have a legal responsibility to meet your spousal and child support obligations.
Depending on the type of bankruptcy you file in California, you may be able to keep all of your property or only a limited amount. The California Code of Civil Procedure governs property exemptions in California bankruptcies. The state adjusts exemptions every three years, with the last update occurring during April 2010. The state of California offers two sets of exemptions for debtors to choose from in liquidation bankruptcies.
If you file for bankruptcy, you may not be able to keep all of your assets. If you own a joint mutual fund, you may lose that as well, even though you share ownership with another person. However, there are ways to protect all of your assets, not just your joint assets, if you qualify. Using Chapter 7 exemptions or filing Chapter 13 are two of your options.
Filing Chapter 7 or Chapter 13 bankruptcy allows you to discharge most types of debt, including bank fees, loans and overdraft bank accounts. If you included the debts in your bankruptcy petition, you will no longer be responsible for the balance owed to the bank after the bankruptcy is discharged. However, there are negative consequences associated with filing bankruptcy on an overdraft bank account or bounced checks that can make it difficult to obtain a new account after bankruptcy.
The “Time” function in UNIX, C and C++ returns the number of seconds since midnight the first of Janurary 1970, Greenwich Mean Time. This is known as epoch time. When programmers suggested that this was not always convenient, designers overloaded the time function so it could be used in two ways: to give epoch time and to give the time as a character string that represented the years, days, hours, minutes and seconds since the first of January 1970 GMT. Since then, a library of functions has been created that contains functions that convert this string into something more useful.
