Thread: Personal Bankruptcy types

There are two types of personal bankruptcy.
1. Chapter 7 Bankruptcy
Here whole or part of debts discharged. You will use your liquid assets to repay some of the debt.

2. Chapter 13 Bankruptcy
Under this type you will pay part or whole debt through a three- to five-year repayment plan. You will make payment to the court. They will be paying the creditors.

This is designed for an individual debtor who has a regular income and stable job. Under this procedure, you pay debts off over a three-to-five year period and keep your property. At a confirmation hearing, the court either approves or disapproves the plan. A Chapter 13 can be filed at any time.


Dui Attorney

Chapter 13, the Court shall invite the applicant to submit 3-5 year repayment plan, the court must be upheld. As soon as the debtor is required to begin the court payments, even if the proposed plan has not yet received final approval. After the court who will pay the creditors.

One of the most difficult decisions that you can face is whether or not to file for bankruptcy. However, I would like to share that there are two major types of personal bankruptcy for consumers are Chapter 7 and Chapter 13. Bankruptcy is an unfortunate situation, which can occur in the lives of both seasoned entrepreneurs and novice businessmen.

hello friends,
Well, I dont think that your gender or race will have anything to do with it. BUT I just had my interview with the branch manager to be a personal banker. I have another interview with the regional manager.

What I did find out is that be prepared atleast for Chase ...make sure you can role play sales. Like a common one is WHY do you want to work for "the company"? They had me act like I am the personal banker and the manager was the customer...So, you know I didnt do great at it. I knew a lot about what they had to offer but I didnt ask the right questions that would lead them to want to open an account. But the guy said he liked me well enough to have an interview with the regional manager but make sure to perfect my role play and then they will compare notes! But it's critical to know what to do for the role playing. BECAUSE they will have you do that! A good idea I have to help me prepare is go to another branch for the same company that you want to work for and ask them..and act like to them you want to set up an account and see what they have to say. I did it over the phone and all I got from them was information...and no selling me on why I should bank there and no questions really so...you need to go in person. BUT GOOD LUCK...you need to sell yourself! LET them know that you really want this and you want to do it for a LONG TIME!

thanks

Bankruptcy law designed two ways to file personal bankruptcy chapter 7 bankruptcy and chapter 13 bankruptcy.chapter 7 is popular to getting a new start and chapter 13 is mostly filed to protect important stuff like home.

this is perfect descriptions of personal bankruptcy types.