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Can a bankruptcy trustee sell assets not owned but being used or leased at the time of filing?
Wiki User
∙ 18y ago
No.
Wiki User
∙ 18y ago
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If you have filed bankruptcy and you break your lease do you still have to pay?
You should have told the court and the trustee in the chapter 7 documents what your intentions were with respect to the lease. If you were terminating the lease, you must return the leased property to the creditor.
Anything of value owned or leased by a business is considered a?
assets, yes that's right by wilson
Will you lose your car in NY after filing chapter 7?
If a car is leased, you can keep it as long as you are paying it on time.
If you are including a leased vehicle in a bankruptcy and need a vehicle that you can afford payments on will you have a tough time getting a loan?
There are some creditors that offer car loans to those who' ve filed bankruptcy.
What does Lease and Rent mean in relation to assets other than property?
Lease indicates that there is an asset available I.e. an item is able to be leased and rent is in relation to the person whom wants to rent the assets.
What happens when you sublease a car and the company that you leased from goes into liquidation?
You will have to make the payments to the company that purchases their assets, it doesn't mean you get a free car.
What is ELTO?
ELTO could mean 'Equipment Leased to Others', commonly recorded in a Company's Plant, Property and Equipment account in the Assets of a Balance Sheet
Homestead exemption for bankruptcy in Illinois?
Under Illinois Bankruptcy laws, the homestead exemption includes farm lot & buildings, condominiums, personal property or cooperative. These homes can be owned or leased. They can be up to $15,000, including the proceeds of sale for one year.
What is the homophone for leased?
leased
Are there any legal issues if your bankruptcy that included your leased auto has been discharged and you fell behind on on auto payments?
You need to ask this of your B/K attorney for state specific advice.
You just filed for Chapter 13 bankruptcy today and woke up to a tow truck repossessing your leased vehicle is there any way to get it back and do you have to catch up on payments first?
Yes and yes
What is the homophone for least?
The homophone for "least" is "leased."
