They disagreed over the establishment of the national bank because Jefferson distrusted the government, while Hamilton did not. Jefferson's sympathies were with the debtors and farmers. He supported a broad distribution of wealth and disliked industrialism and organized finance. He believed in the perfectability of man and that the people using representatives knew best how to govern themselves. Basically, Jefferson believed that the less power the federal government had, the better. Hamilton supported a strong and active central government, which would encourage industry, commerce and finance. His sympathies were with creditors and buisness oriented people. He distrusted the people's ability to govern themselves and supported a powerful executive with an elite following. Basically, Hamilton believed in a strong and active government, which acted to benefit certain interests.
You always "owe" creditors after a bankruptcy, they just can't try and collect.
If you reaffirmed the debt, you can be held liable.
Reaffirmation means that you are (re)assuming liabilty for the debt. Ignore what the credit report says, check with the creditor.
Not true. Bankruptcy discharge means that the debt no longer exists. Perhaps you are thinking of the defense of statutory limitation on collection?
I agree with Nate. The Bankruptcy Code, in 11 USC 524, says:"(a) A discharge in a case under this title- (1) voids any judgment at any time obtained...(2) operates as an injunction against the commencement or continuation of an action, the employment of process, or an act, to collect, recover or offset any such debt as a personal liability of the debtor...."My interpretation is that the Code says the debts are uncollectable and void but does not say they cease to exist. If they ceased to exist, then the creditors could not write them off as bad debts on their own taxes, nor could credit reporting agencies continue to use the bad debts to influence the debtor's credit score (which they most certainly do), nor would the debts continue to appear on the debtor's creditor report at all (which they do). I agree with Nate that what the credit report says in irrelevant: if the debt is reaffirmed then the debtor owes it. If the amount of the debt is actually $0.00 then no problem, but what the contract between the debtor and the creditor says trumps anything the credit report says. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person.
It is possible to buy a home after filing and/or completing bankruptcy. Some companies supposedly have programs that allow 100% financing a day after discharge date or 2 years from filing date. You must also meet other guidlines but to determine if you qualify. If you have filed bankruptcy because you cannot afford to pay your debts, a lender will not loan you money to purchase a house and it just doesn't make sense. You cannot continue to acquire assets while your assets are frozen and in the possession of the trustee in bankruptcy in a bankruptcy proceeding.
Credit scores are calculated and affected by the consumer's overall credit history. After a bankrkupcy entry is expunged the score will eventually improve but a specific answer as to the exact numbers is not possible.
If you filed for bankruptcy and the title company knows about it, then you cannot sell your house. Your title is not free and clear so a buyer could not purchase. It also depends on the bankruptcy, you should talk to your lawyer.