Mr. Chittur was also an arbitrator with the New York Stock Exchange and with the NASD (National Association of Securities Dealers). As such, he has arbitrated, and been the chairperson of arbitration panels, in several disputes between stockbrokers and customers, and between different broker dealers.
Also, a person may not use bankruptcy as a reason to excuse himself of his financial obligations for his children or alimony. There are many different kinds of bankruptcy. Here are some basic points about some of the more common types of bankruptcy that are available to the public. Chapter 7. Among the 5 types of bankruptcies, this one is the most uncomplicated. An individual, a married couple or business partners can apply for this proceeding. Before filing for an application, the individual or the group will be interviewed by a representative from a Credit Counseling Agency.
Chapter 13 bankruptcy, also called the wage earner's bankruptcy or reorganization bankruptcy, is one of the two most popular types of consumer bankruptcies (the other one is Chapter 7 bankruptcy). In Chapter 13 bankruptcy, you keep your property and repay some or all of your debts over a three or five year period. What debts you repay, how much you pay each month during the repayment period, and what happens to your debts at the end of your case is all laid out in your Chapter 13 repayment plan.