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An appeals court upheld the dismissal, agreeing that "Plaintiff's birth certificate did not create a charitable trust" and that the case was a "slam-dunk frivolous complaint". [ 23 ] Around 1999, Elvick conceived the strawman theory , which states that legal and financial claims brought against an individual are really claims against a ...
Tax debt, alimony, spousal or child support and student loans are all typically ineligible for discharge. If your debt isn’t able to be discharged, it’s either due to the type of bankruptcy ...
If you were to file for bankruptcy, you might experience an unwelcome shock in finding out this does not discharge all forms of debt. Those who carry certain debts are still held responsible for...
Student debt: You may also use the five years provided under Chapter 13 to pay back items such as student debt or alimony arrears that weren’t discharged in your Chapter 7 case.
The disadvantage of filing for personal bankruptcy is that, under the Fair Credit Reporting Act, a record of this stays on the individual's credit report for up to 7 years (up to 10 years for Chapter 7); [5] still, it is possible to obtain new debt or credit (cards, auto, or consumer loans) after only 12–24 months, and a new FHA mortgage loan just 25 months after discharge, and Fannie Mae ...
Said corporation is supposedly bankrupt and uses its citizens as collateral against foreign debt. After each person's strawman is created through their birth certificate, a loan is taken out in the name of the strawman. The proceeds are then deposited into the secret government account associated with the fictitious person’s name. [14]
Each state has a statute of limitations on how long a debt collector can pursue old debt. For most states, this ranges between two and 10 years. For most states, this ranges between two and 10 years.
If the loan was repaid, then the mortgagee would return the property; if the loan was not repaid, then the mortgagee would keep the property in satisfaction of the debt. The equity of redemption was the right to petition the courts of equity to compel the mortgagee to transfer the property back to the mortgagor once the secured obligation had ...