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Posts Tagged ‘declared’

Question by Proof lib voters R dumb!: Can I garnish the wages of someone who declared bankruptcy but had their trusteeship terminated? This individual owes me money and declared bankruptcy. His trusteeship was terminated because he was not making payments as required by his Application for Trusteeship. Can I garnish his wages? Best answer: Answer [...]

Oct 20th, 2011 | Filed under Debt & Bankruptcy

Question by I hate onions: Where did the billion go to bailout Chrysler since they now declared bankruptcy? Thanks to the government’s philosophy of too big to fail, we bailed out Chrysler earlier this year with $ 4 billion and they now declared bankruptcy. So, where is the bailout money going? Why are we bailing [...]

Aug 6th, 2011 | Filed under Debt & Bankruptcy

Question by Magick: What would happen, hypothetically speaking, if the US declared bankruptcy because of the deficit? I know this is opening up to all kinds of political flame wars, but the best answer will be picked from those who can keep their politics in check. It’s a serious question you see, one that I’ve [...]

May 5th, 2011 | Filed under Debt & Bankruptcy