|
 |
What happens if I declare bankruptcy?
Author: Tracy Carlye
Website: http://www.trxcredit.com
Added: Thu, Nov 2, 2006 7:05:25
Category: Credit Questions
|
|
Bankruptcy is designed to be a process where the creditors are treated equally before the process of proposal starts. If ever you declare bankruptcy, you will be asked if you have paid all your excess money to your creditors.
If you have not paid your creditors or if your credit history shows that have paid some creditors while neglecting others, the creditors you have favored may be required to refund your payments before the bankruptcy settlement is determined.
keywords: Credit | Credit Card | Debt | Credit Report | Loan | Bank | Bankruptcy About the Author:
Tracy Carlye answers frequently asked credit questions at PrettyGreatAnswers.com.
--- Grab the Feed for related Questions and Answers. If you'd like to use our questions and answers on your website for content, we've created a simple free tool you can use to create a custom RSS Feed! ---
More
|
|
|
|
|
