Bankruptcy

Discussion in 'Economics' started by Vinny1, May 19, 2011.

  1. Max E.

    Max E.

    I would never think of lying in court, the American court system is the beacon of honesty. From what i have heard nothing but the truth is able to go through the U.S. legal system.
     
    #11     May 21, 2011
  2. morganist

    morganist Guest

    No the point of bankruptcy is to seek the best possible way of settling debts. The Official Receiver can take up to sixty percent of your income for three years even when you are declared bankrupt.
     
    #12     May 21, 2011
  3. Can they take social security income, disability income, or unemployment compensation?

    Can they take an inheritance?
     
    #13     May 21, 2011
  4. You need a lawyer - get off the internet and get yourself one.
     
    #14     May 21, 2011
  5. morganist

    morganist Guest

    In England they can only take non essential income.

    There are protections for pensions.
     
    #15     May 22, 2011
  6. high99

    high99


    No, no, no, yes.
     
    #16     May 22, 2011
  7. morganist

    morganist Guest

    The safest protection against bankruptcy is pensions.
     
    #17     May 22, 2011