CC33

Would you like to react to this message? Create an account in a few clicks or log in to continue.

CC33


+2
Cheaps
Jason B.
6 posters

    Do you know anyone who has claimed bankruptcy?

    Jason B.
    Jason B.
    …is a Power Member.
    …is a Power Member.


    Male
    Join date : 2010-02-11
    Posts : 2967
    Rep : 70

    Do you know anyone who has claimed bankruptcy?  Empty Do you know anyone who has claimed bankruptcy?

    Post by Jason B. Wed Dec 07, 2011 1:10 pm

    Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors.

    The primary purpose of bankruptcy is: (1) to give an honest debtor a "fresh start" in life by relieving the debtor of most debts, and (2) to repay creditors in an orderly manner to the extent that the debtor has the means available for payment.

    Bankruptcy allows debtors to resolve debts through the division of non-exempt assets among creditors. Additionally the declaration of bankruptcy allows debtors to be discharged of most of the financial obligations, after their non-exempt assets are distributed, even if their debts have not been paid in full. During the pendency of a bankruptcy proceeding, the debtor is protected from extra-bankruptcy action by creditors by a legally imposed stay. Creditors cannot pursue lawsuits, garnish wages, or attempt to compel payment.

    (from http://en.wikipedia.org/wiki/Bankruptcy)
    Cheaps
    Cheaps
    ...is a 20G Chamber DIETY.
    ...is a 20G Chamber DIETY.


    Female
    Join date : 2010-11-17
    Posts : 25876
    Rep : 252

    Do you know anyone who has claimed bankruptcy?  Empty Re: Do you know anyone who has claimed bankruptcy?

    Post by Cheaps Wed Dec 07, 2011 1:19 pm

    My mama has, twice.
    Bluesmama
    Bluesmama
    …is a Power Member.
    …is a Power Member.


    Female
    Join date : 2011-07-09
    Location : Portland “Burbs”
    Posts : 3353
    Rep : 43

    Do you know anyone who has claimed bankruptcy?  Empty Re: Do you know anyone who has claimed bankruptcy?

    Post by Bluesmama Wed Dec 07, 2011 1:23 pm

    Yep, a few.
    RedBedroom
    RedBedroom
    …is a Chamber DEITY.
    …is a Chamber DEITY.


    Female
    Join date : 2010-02-18
    Posts : 10696
    Rep : 312

    Do you know anyone who has claimed bankruptcy?  Empty Re: Do you know anyone who has claimed bankruptcy?

    Post by RedBedroom Wed Dec 07, 2011 10:05 pm

    Yeah, a few people.
    Nystyle709
    Nystyle709
    ...is a 20G Chamber DIETY.
    ...is a 20G Chamber DIETY.


    Female
    Join date : 2010-03-16
    Location : New York
    Posts : 27030
    Rep : 339

    Do you know anyone who has claimed bankruptcy?  Empty Re: Do you know anyone who has claimed bankruptcy?

    Post by Nystyle709 Wed Dec 07, 2011 10:39 pm

    Yezzir.
    Minerva
    Minerva
    …is Significant.
    …is Significant.


    Female
    Join date : 2011-10-26
    Posts : 398
    Rep : 18

    Do you know anyone who has claimed bankruptcy?  Empty Re: Do you know anyone who has claimed bankruptcy?

    Post by Minerva Wed Dec 07, 2011 11:11 pm

    Yes, me.

    Sponsored content


    Do you know anyone who has claimed bankruptcy?  Empty Re: Do you know anyone who has claimed bankruptcy?

    Post by Sponsored content


      Current date/time is Tue Nov 26, 2024 3:10 pm