If you wreck your car after filing for Chapter 13 bankruptcy you can file it on your insurance. You can then replace your car based on the bankruptcy order.
to wreck our funnn :)
When they get out of jail for selling property with a lien on it, and after YOU pay off the loan, you might consider NOT co-siging again.
cash the check and buy a new car. you dont have to buy a car with that money but i recomend it
When someone defaults on a loan, it is when you borrow money from a bank and you say that you are going to pay it back, but you do not, therefore stealing their money. This can wreck your credit score and get you in deep trouble.
Then they will repossess the wrecked vehicle, sell it for what they can get, apply that to the loan balance, and you will be responsible for the balance on the loan. They will sue you in court to get it and will win. Now if you continue to make the loan payments, then none of this will happen. Did you not have insurance on this vehicle?
No, just the opposite. Bankruptcy is the ultimate "train wreck" of a person's financial standing. Even after the ten year SOL there will be a public record, and the consumer will still be penalized for it. Bankruptcy, is not, as some are led to believe, the magic cure for debt problems.
If it is for a debt or claim that existed before you filed, it is in violation of the automatic stay. If it is for a claim that arose after filing, you should not be doing things to cause these claims, and it may wreck your c. 13 if you wind up having to pay it.
A track wreck happens when a train is derailed off its tracks. Sometimes, it happens as an engineering and manufacturing mistake, but it also happens as a result of guerilla sabotage.
The Lender may or may not want to repo a wreck. Bankruptcy, same deal. Call the lender, tell them what the car looks like, and let them decide. ___ File bankruptcy if you are buried in unsecured debt, not to save the car. Especially a wrecked car. ___ "Repossession" looks slightly better (not MUCH better) on a credit report than a Chapter 7. Let it get repossessed.
You wreck the car !!!!!!!!!
hopefully, you go to jail
you get money
You'll be hunted down and skewered.
you go take a dump.
If you don't have lost damage waiver, you might have to pay for the damages.
If you do not properly wear your seatbelt you will die if you get in a car wreck.
To break in pieces by violence; to dash to pieces; to crush., To break up, or to pieces suddenly, as the result of collision or pressure., A breaking or dashing to pieces; utter destruction; wreck., Hence, bankruptcy.