Life after bankruptcy - what now? If you have had your bankruptcy officially decreed, then you will normally be "discharged" from your court order exactly one year after your bankruptcy was formally declared. It will only be longer than this if you have failed to cooperate with your court ...
If your home is sold as part of your bankruptcy arrangements, then you can get in touch with your local council or housing authority who may be able to arrange for you to stay in some form of social or public housing Income and Work ...
But what happens if the company providing your pension goes bankrupt? In these cases, it’s important to understand the fine print of your pension and how your finances can be impacted. Follow these guidelines when navigating the potential bankruptcy of your pension provider: Understand the P...
Once you know the type of bankruptcy chapter that applies to your employer, you can make plans for the continuation of your insurance coverage. Chapter 11 Bankruptcy If your employer files for Chapter 11 bankruptcy, it may drop its employee insurance benefits, cut employees' hours, or lay peopl...
However, in return you will be required to sell your assets as a way of raising money to repay your creditors – this may include your home and car, and if you can afford to do, make monthly payments into the bankruptcy for up to three years. Remember: You’ve still got options ...
A trustee is a person or firm that holds and administers property or assets for the benefit of a third party. A trustee may be appointed for various purposes, such as in the case of bankruptcy, certain types of retirement plans or pensions, or to manage assets for someone like a minor....
3. Why did Helen come to Rob’s house? A. She wanted to talk to Rob. B. She had come to help Rob. C. She had been invited to lunch. D. She was interested in cooking. Questions 4 to 7 are based on the following conversation. At the end of the conversation, you will be given...
A student loan default and the late payments that preceded it can remain on your credit report for seven years. This negative mark can make borrowing for a car, home or additional schooling more expensive — or potentially impossible. Default can also hurt your ability to rent an apartment, ...
bankruptcy, offering guidance for individuals who find themselves in this unfortunate predicament. Whether you are currently employed by a company or a retiree receiving pension benefits, understanding what happens to your pension when a company goes bankrupt is essential for securing your financial ...
Bankruptcy does not automatically eliminate all debts, including HELOCs. The impact of bankruptcy on a HELOC depends on the type of bankruptcy filing (Chapter 7 vs. Chapter 13). In both types of bankruptcy, staying current on HELOC payments is necessary to keep your home. Otherwise, it co...