money and financial problems

A balloon mortgage is a mortgage where the payments are not large enough to pay off the entire mortgage during its amortization period.

Balloon payments refer to very large payments at the end of some short-term loans called balloon loans. Balloon loans are used in commercial settings and sometimes for personal loans, but since the balloon payment often is more than twice the regular payments, individuals rarely receive balloon loans. These loans usually begin with a fixed interest rate for the set loan period.

The Banking Act of 1933, commonly referred to as the Glass-Steagall Act, was a landmark piece of legislation in the United States that introduced significant reforms to the banking industry. It was enacted in response to the financial crises and bank failures during the Great Depression.

Overview:

Bankruptcy law provides for the reduction or elimination of certain debts, and can provide a timeline for the repayment of nondischargeable debts over time. It also permits individuals and organizations to repay secured debt.

• bankruptcy
• BANKRUPTCY CODE
• bankruptcy courts
• title 11
• DEBT
• DISCHARGE (OF DEBTS)

There are 94 federal judicial districts.  Each of these districts handle bankruptcy matters. Bankruptcy courts refer to the courts in each district that specifically hear bankruptcy cases. In almost every district, bankruptcy courts hear bankruptcy cases.

A bankruptcy discharge is granted by the bankruptcy court to release the debtor permanently from personal liability for certain specified types of debts.

A bankruptcy estate is the property of the debtor who filed bankruptcy.

Bankruptcy fraud is a white-collar crime that commonly takes four general forms:

• BANKRUPTCY FRAUD
• fraud
• bankruptcy
• bank

A bankruptcy petition preparer is a non-lawyer who helps debtors to file their bankruptcy documents required by the bankruptcy court for a fee. Bankruptcy petition preparers are called “paralegals” but may not give legal advice, represent debtors in court, sign bankruptcy documents, or accept money on debtor’s behalf.

A bankruptcy proceeding is a legally authorized procedure that a bankruptcy case follows through the court system which consists of approving arrangements for the repayment of debts to relieve the debtor of their liability to