Bankruptcy Personal


Definition of "Bankruptcy (personal)"

Anthony Piotrowski real estate agent
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.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Addendum

An attachment, clause, or section added to an agreement or contract specifying additional terms or requirements. ...

Preexisting Use

Same as term nonconforming use: Property use which is in violation of the current zoning ordinance, but had been in use prior to the zoning ordinance' ...

Attorney-at-law

An individual who has been admitted to practice law in his/her state. He or she is approved to represent clients, and can conduct the usual activities ...

Indexed Loan

A noncurrent loan in which the principal, interest, or maturity is related to a particular index. Therefore, period adjustments are necessary to confo ...

Truss

In construction, a bracket or braced framework of triangulated bars, beams, and ties used for support in the construction of a roof. ...

Base

(1) Bottom of something used as support. (2) Most essential element. (3) Type of interest rate used when computing compound interest equal to: (1 + I) ...

Popular Real Estate FAQ

What Is A Lien?

A lien is a claim against a property. ...

What Is Escrow?

Escrow is a trust account created by a neutral third party to hold money for the seller or buyer. When you put down a deposit on a house, for example, ...

What Happens When You Prequalify?

When you are prequalified, the lender gives you an estimate but does not formally commit to giving you a loan. ...

What Is A Survey?

A survey is an examination of a property\'s boundaries to determine the quantity of land, location of improvements, and other information. Usually the ...

What Is Homeowners Association (HOA)?

Homeowners association is a nonprofit association that manages the common areas of a condominium or \"planned unit development\" (PUD). Unit owners pa ...

What Is A Subdivision?

A subdivision is a piece of land divided into several plots in which homes are built. ...

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

Agents join here
Add real estate terms app
on your Website

Real Estate Advice

Spring Landscaping Ideas to Improve Curb Appeal and Sell Your House DIY Home Improvement to Increase Your Home Value Moving Tips: House Relocation Stress Free Increase Your Home Value With These Home Improvement Ideas Down Payment: Everything You Wanted to Know

FAQ

What is a housing ratio? Why do people refinance? What are closing costs? What is a term? What is a treasury index?