Bankruptcy Personal


Definition of "Bankruptcy (personal)"

Anthony Piotrowski
  White Sands Realty & Assoc of NWF

Legal mechanism available for a person who is over his head financially and is unable to meet his financial obligations.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Conditional Sale Contract

Real estate sales contract where possession and use is provided to the buyer, but the deed is kept b ...

Premises Medical Payments Insurance

Supplemental coverage written into or endorsed onto many business and personal liability policies. C ...

Fellow, Life Management Institute (flmi)

Professional management designation earned by passing 10 national examinations on life and health in ...

Joint Control

Estate under the legal and administrative guidance of both the surety and the fiduciary. Any actions ...

Rental Concession

Reduction in the normal rental charge to attract prospective tenants or keep existing tenants at le ...

Omissions Clause

Provision of a treaty reinsurance contract stating that if an insurer fails to report a risk that wo ...

Related Real Estate FAQ

What Do I Need To Know About Indemnity Insurance?

A principle of insurance which provides that when a loss occurs, the insured should be restored to t ...

Should I Pay Points For A Lower Rate?

Paying points for a lower interest rate is a trade off between paying money now versus paying money ...

What Is An Inspection?

An inspection is a close and thorough examination of a house and property. A licensed individual usu ...

What Is A Seller Disclosure?

A seller disclosure is a form required by most states; the seller uses this form to disclose any kno ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and ...

What Is Zoning?

Zoning is the laws that establish how a property can be used and what codes must be followed when er ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

How is Square Footage Determined? What is the Best Time of Year to Buy a Home? 7 Tips for a First Time Homebuyer What is Earnest Money Build or Buy? That’s the Big Question

FAQ

What is a buyer’s agent? What do I need to know about Whole Life Insurance? What is an annuity? What does preapproved mean? Why should I use a real estate agent?