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If you filed Chapter 7 bankruptcy last year how it will look on your credit if you surrender your leased car?
Wiki User
∙ 8y ago
NO worse than the B/K and you get to pay any balance owed. What great service from your friendly B/K attorney did you get for the money you payed? good Luck
Wiki User
∙ 8y ago
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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
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.
Can a bankruptcy trustee sell assets not owned but being used or leased at the time of filing?
No.
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.
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.
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
How does the primary borrowers credit get affected if the co-signer pays the entire the loan on a leased car?
It should have a good effect if its on time.
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.
If you leased expensive equipment for your business in your business name would it effect your personal credit file?
It shouldn't unless business and personal funds were commingled or a personal credit card was used when making business transactions.
Who's credit rating is affected if a vehicle that was leased with a cosigner is reposessed?
Both parties social securities #'s are sent to collections for the amount due.
What is the homophone for least?
The homophone for "least" is "leased."
