Manage I have to list all my personal creditors? Can i keep certainly one of my personal handmade cards open?

Manage I have to list all my personal creditors? Can i keep certainly one of my personal handmade cards open?

You will want to identify all creditors with a balance into the brand new big date off filing. It is impossible to acquire as much as you to; the brand new courtroom doesn't allow it to be choosing and you may choosing from bills within the personal bankruptcy. If you wish to remain credit cards discover there can be a go that if it's got a no equilibrium in the event the circumstances was filed, the credit bank might not intimate that membership. It's impossible to make sure that occurs.

Really does a bankruptcy cure judgments?

Yes. Judgments might be zeroed aside with a bankruptcy. Yet not, if for example the judgment has been turned into an excellent lien on the assets, you might not have the ability to take away the lien. Liens can only just be removed during the restricted situations and it will count on certain products, like your says exemptions and the guarantee from the assets. (meer…)