Bankruptcy Petition Preparer Without Notice
Description
How to fill out Disclosure Of Compensation Of Non-Attorney Bankruptcy Petition Preparer - For 2005 Act?
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FAQ
Creditors can request involuntary bankruptcy if they think that they will not be paid if bankruptcy proceedings don't take place. They must seek a legal requirement to force a debtor to pay their debts. Typically, the debtor is able to pay their debts but chooses not to for some reason.
If you have been served with a bankruptcy petition, you have a number of options, including, If you are able to pay the debt in full or negotiate a settlement with the creditor, the bankruptcy petition may be withdrawn; You can apply to the court to have the bankruptcy petition dismissed if you believe that it has been ...
Making a bankruptcy order. You apply to the High Court using a 'bankruptcy petition'. A bankruptcy petition is usually presented by a creditor on the grounds that the debtor cannot pay his/her debts.
A petition cannot be withdrawn without the permission of the court and permission will not be given before the hearing The court has general power to dismiss a bankruptcy petition or stay proceedings on a petition, if it appears appropriate to do so on the grounds that there has been a contravention of the rules or for ...
If you do not accept that you owe the money, you may want to challenge the petition. You may be able to come to an agreement with the petitioner to pay the debt. If you have other debts, you may be able to enter into an arrangement with all of them. You may decide to accept bankruptcy as the only or best option.