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.
Personal Bankruptcy Requirements. Established by federal law, requirements for personal bankruptcy are designed to reserve bankruptcy for people who truly need debt relief the most. If you are struggling with debt, you may qualify for some form of bankruptcy. There are two main types of personal bankruptcy, Chapter 7 and Chapter 13. As a general rule, Chapter 7 is used by people with limited income and few assets, while Chapter 13 is designed for people with more steady incomes and some assets.