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How to Stop Fannie Mae Foreclosures
What Is Bankruptcy Discharge?
What Is a Bankruptcy Petition?
What Is a Bankruptcy Trustee?
What Are All of the Various Types of Bankruptcy?
How to Save a Home From Foreclosure
Pros & Cons of Chapter 7 Bankruptcy
What to Keep When Filing Bankruptcy
How to Find Out if Someone Filed Bankruptcy?
Bankruptcy has evolved a great deal since the earliest American records. There are several options availab… More
A bankruptcy petition is an official document of the court that initiates the bankruptcy proceeding, and i… More
Bankruptcy is one of the most unpleasant financial experiences possible. The majority of bankruptcies file… More
Petitions are written request to the court for a specific action. Petitions are used in criminal and civi… More
Tradition and proper procedure are important to courts, in part because it simplifies the task of organizi… More
Filing for bankruptcy will not stop a mortgage foreclosure, but it may delay the foreclosure so that payme… More
A secured claim in bankruptcy means that the bankruptcy filer is secured to a specific item or items of th… More
Corporate bankruptcies are complicated cases, particularly when a company in bankruptcy legally is affilia… More
Bankruptcy and foreclosure can both be bad situations, and determining which is worse depends on the indiv… More
Chapter 7 bankruptcy essentially amounts to a liquidation of the debtor's assets to pay off debts to the f… More
Whether to file bankruptcy can be a difficult decision. One of the biggest concerns of those who face a po… More
Active duty members of the military are able to file for bankruptcy, even though they are generally held t… More
Annuities come in different flavors, and, depending on the type of annuity or the intent of setting up an … More
The income test for Chapter 7 eligibility is not based directly on annual salary. Nor is it a specific num… More
Chapter 13 allows an individual to declare bankruptcy, thus removing the right for creditors to collect fr… More
Summary: A bankruptcy petition is an official document of the court that initiates the bankruptcy proceeding, and it prevents anyone from continuing a lawsuit against the person filing bankruptcy. Find out how child support, alimony and income taxes fit in to bankruptcy petitions with help from a certified civil mediator in this free video on bankruptcy and money management.
Robert Todd is the managing partner and president of Robert M. Todd, P.A. and Family Law Solutions. He is a certified family mediator and Florida Supreme Court-certified civil...read more
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"You've recently been studying or considering bankruptcy options, and you've heard the term "bankruptcy petition," and you're not really sure what that is. Hello, I'm Robert Todd, and I'm here to answer the question: What is a bankruptcy petition? Well, first of all, that is the document that initiates, starts, commences, begins the bankruptcy proceeding. It is an official document of the court and follows a specific form. It is the document that, once it is filed with the bankruptcy court, generally creates an automatic stay that prevents anyone from continuing a lawsuit against you to collect a debt or to garnish your wages or to otherwise try to obtain payment from you for a debt. Now, there are, of course, exceptions to what the bankruptcy petition stays or stops from proceeding until the bankruptcy proceeding is completed. These things are such as child support, alimony, income taxes to the Internal Revenue, and things of that nature. But generally, the bankruptcy petition stops all of the proceedings against you. If you have a specific question about what's involved in filing a bankruptcy petition, we would strongly recommend that you hire the services of a bankruptcy attorney. This is a very complex and complicated area of law. I'm Robert Todd, and thank you for watching."
eHow Article: What Is a Bankruptcy Petition?
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