Quote:
Originally posted by Rodeo
How does a bankruptcy get "accepted by the court?"
What exactly happens, and what obligations, if any, does the debtor continue to have to his creditors after this "acceptance by the court?"
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Lots of things, hearings, potential objections, Statemets of worth etc...
Depends on the chapter filed, the type of debt(secured unsecured) the income level of the individual (in relation to their states median income) etc....
But none of that matters as in our example the subject has no assets and a fixed income below their obligations.