All time low after car repo - should I file bankruptcy
Please do not do another bankruptcy! There is no need to have th
Please do not do another bankruptcy! There is no need to have that on your credit report for another ten years. Please sign up to our site and request the free counseling. A professional will contact you to discuss your options.
It is easy to think another day or two shouldn't make a differnce. I have made that mistake myself. Many of us here have been down the financial rough road. We are here to help you.
Todays chapter 7 is much different than it was. They make you repay on a plan that is designed for you to fail from what I have been told. Hang in there and we will see you through this. WARNING: Stay away from payday loans no matter how tempting they may seem!!
Frog - I think you are thinking of Chapter 13. A Chapter 7 BK s
Frog - I think you are thinking of Chapter 13. A Chapter 7 BK still clears all dischargable debts. There is no repayment plan. Chapter 13 is the repayment plan BK. And yes, something like 75% of all the new chapter 13 plans end up failing . . . .
It all depends. If you file a 7, you will not get the car back.
It all depends. If you file a 7, you will not get the car back. In a 13, a judge may issue a cram-down order and make them give the car back; but then you have to keep making the payments and keep it insured. At any point thereafter if you stop paying or if your insurance lapses, then the court will let them go take the car again.
my father bought a car in sept. 07. He stopped paying the car lo
my father bought a car in sept. 07. He stopped paying the car loan July 08. He had back surgery on august 08. He can not return to work. He is 75 years old. When he bought the car he was working and getting an extra $400 a month. He is on a fix income. After rent, utilities and food he has around 150.00 left. I think the car dealer took a chance on an old person and took advantage of him. The car was $9500 and walked out the place with a $16,000 loan. Can they take all his money.
leasing law
Car was repo but my grandma did financing, she does not have a license so insurance is in my name, grandma filed bankruptcy to get car back, finance company wont release it because insurance is not in her name..... what do i do now
It shouldn't really matter who pays for the insurance, as long a
It shouldn't really matter who pays for the insurance, as long as the vehicle itself is is insured.
She should talk to her bankruptcy attorney. Really they should not be holding the car unless they file a motion for relief with the court. When the court decides there is inadequate insurance, then the court will allow them to hold the car. For the time being, I would argue they are in contempt of the court's stay.
Debt consolidation works sometimes but not all times. I am shock
Debt consolidation works sometimes but not all times. I am shocked that u have lied to this lady about paying back on a chapter 7 you certainly know better than that.
Repo man came to get my truck today "wed"; and I have a appointm
Repo man came to get my truck today "wed"; and I have a appointment with a BK Lawyer on Friday. Can I still file Bankruptcy and claim my truck?
My car was repo'ed two days ago and it was financed through the
My car was repo'ed two days ago and it was financed through the dealership. I plan to file bankruptcy tomorrow. Is there any reason that I shouldn't be allowed to get my car back?
These are questions you should be asking your attorney...without
These are questions you should be asking your attorney...without knowing the numbers like how much you owe and how much equity and what state you live in.
Hey all, let me tell you something, If you file bankruptcy chp 7
Hey all, let me tell you something, If you file bankruptcy chp 7 and you are late on your car note, they will come pick that sucker up in heart beat. Only chp 13 a trustee of the court may ask them to return the car back and gave you a little extra cash....that's a good trustee. Other then that you're out of luck when getting your car back if it get repo, unless you can afford to pay the car off. Good Luck all. We all go through something in our lives...but the answer is how we get out of it. If you know Jesus...guess what you'll be just FINE>>> trust me.. God Bless all
It is true that if you had filed Chapter 7 and if the vehicle is
It is true that if you had filed Chapter 7 and if the vehicle is above the exemption limits, then the trustee can order the sale of the property. The exempted amount will be returned to you whereas the rest of the amount will be used to pay off your creditors.
In case of Chapter 13, you'll get a repayment plan from the trustee. If you make the payments on time as per the repayment plan, you will be able to save your vehicle.