If you still own the car (Titled in your name) then yes, you include it.
If you do not own the car (Insurance totaled it) then No.
You have to list all debts when you file for bankruptcy, whether or not you plan to reaffirm the debt. In your case, you probably are looking to walk away from the difference between your totaled car, and the remaining loan balance.
At the "meeting with the creditors", you will need to explain to the trustee why the value of the car is not what the blue book will show. Bring pictures of the wrecked car, as well as any statement from the insurance company, showing that the vehicle is now totaled, or at least, worth less than the blue book value.
You should be able to get the remaining value of the loan included in your BK.
The strain of his work left him feeling as though he had been wrecked upon an uncharted island.
It shouldn't ... normally insurance companies do not report the accident to the police authorities unless a death is involved. However, since you reported the accident to your insurance and if you are at fault, it may cause your rates to increase.
DeAndre Cortez Way, AKA Soulja Boy, was involved in auto accident on June 23, 2012. There were no accidents reported, though Way was found to be at fault.
No. Their insurance will cover the damage to their vehicle, though they will not be happy about an unlisted driver being behind the wheel having an accident. If they have no physical damage coverage it will not be repaired or replaced.
File for bankruptcy and then try and start over. Your credit will be messed up though.
If you accept payment for the vehicle then the insurance company will own the wrecked car, rims and all. It's worth inquiring though, they may make some allowance in the offer they make if you keep the rims.
No, you do not need to take a class to get out of bankruptcy. It might help you learn how to avoid this and what to do to get back on your feet though.
Yes, it is possible to get a mortgage loan after bankruptcy. Be very care though, your interest rate could be considerably high.
Yes. If it's a company car and is insured through your employer, the employer's insurance company would pay out the claim. The accident would still show up on your record though.
I heard that u should, and if your personal insurance finds out that u were involed in a accident with a company car under company insurance ur insuance can be black list u. i could be wrong.
There is no law that requires you to notify your employer that you have filed bankruptcy. It is a public record, though, so it will show up on a background check.
You must list student loans in your bankruptcy. They are not dischargeable, though collections actions are stayed by the automatic stay when the case is filed.