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.
The most common types of personal bankruptcy for individuals are Chapter 7 and Chapter 13. Whether a person qualifies for Chapter 7 or Chapter 13 is in part determined by income. As much as 65% of all U.S. consumer bankruptcy filings are Chapter 7 cases.