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Everything...that is all debts and all assets are included. Different priorities are given to each (some, few, things are classifed exempt)...and one is used to satisfy the other.

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Q: Can you buy an automobile just prior to filing bankruptcy and not have it included in the bankruptcy or will it be include also?
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Related questions

Can home owners association fees be included in a bankruptcy?

Your bankruptcy attorney can help you decide what to include in your filing petition.


Is a credit line on your house included in bankruptcy?

That is up to the person filing the bankruptcy. You can include or omit any debt that you choose.


Can a creditor add an account to your bankruptcy when the account was opened after filing and you didn't include it yourself?

No, debts acquired after the filing cannot be included in the BK petition.


When filing bankruptcy do you include pending law suits?

Yes, if the lawsuit has been filed it should be included - or if you know its going to be filed you should include as a possible debt.


Can a debt to a private individual be included in a bankruptcy petition?

Not only can the be included, they MUST be included. All debts whether to Walmart or Aunt Betsy needs to be included in your bankruptcy filing.


Can you include an SBA loan when filing bankruptcy?

Yes


Does filing for bankruptcy re-age delinquent accounts included in?

"Included in" bankruptcy? No. It stops any interest or penalties on unsecured debts. If the bankruptcy fails, the accrued interest or penalties will be added to the account, and the statute of limitations starts ticking from where it was on the date of filing.


When filing bankruptcy can past child support be included?

No. Child support is not dischargeable in either federal or state bankruptcy.


How can you go back and add a car to your bankruptcy to be included in it?

Assuming you're referring to a car payment, you can add it to your case before discharge, or you can reopen your case and include the automobile finance company. Keep in mind, however, that if you're filing Chapter 7 and your car is collateral, it can still be repossessed.


Can HOA dues be included in a bankruptcy?

Your bankruptcy attorney can help you add assessments due and owing up to the date of your filing. Assessments incurred post filing are due and owing.


When filing chapter 13 should all debt be included?

when filing any bankruptcy you must disclose ALL debts.


Can you include IRS debts if you file bankruptcy in the state of IL?

Yes. They must be included. All debts and all assets must be included. IRS income tax debts can only be discharged, however, if the amount of tax due was determined 3 years prior to filing the bankruptcy.