Bankruptcy Problems?

If someone goes bankrupt, do they still have to pay back sooner or later? Is there like a new law, that says you have to pay back?

This entry was posted on Tuesday, September 22nd, 2009 at 5:03 am and is filed under Bankruptcy Law. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

2 Responses to “Bankruptcy Problems?”

1. Jason S Says:
   September 22nd, 2009 at 10:12 pm

   It depends on several variables. If you are able to file a chapter 7 bankruptcy, in most cases you do not need to repay anything. They have changed the laws in the past few years making it harder to file chapter 7 bankruptcy. If you file a chapter 13 bankruptcy, typically you will have to repay a portion of the debts that you include in the bankruptcy filing. You really need to speak with a bankruptcy attorney to determine the answer to your questions. Most bankruptcy lawyers give you a free consultation to help you determine what type of bankruptcy you are able to file.

2. mister ed Says:
   September 23rd, 2009 at 3:56 pm

   best bet for anyone thinking about bk is to set down and discuss it with a bk lawyer — too many factors to answer correctly on this site!!!