There are attorneys who favor this line of thinking. It will ONLY to the LENDERS advantage for you to do so. Meaning ??? It CANT cost you any more NOT to sign it. The debt is only for X number of dollars. If they want you to sign, it means MONEY to them if you do.
IF you do sign, it WILL be legal.
You either pay or dont pay or file B/K also. If a co-borrower has debt discharged through bankruptcy, the other signatory is 100% liable for the balance of the loan.
No. But they can ask to be excluded from the bankruptcy. Usually a deal can be made with the lender to keep a vehicle. If it is covered by the exemption and the borrower lives up to the contract agreement.
A person immediately contact their lawyer to assist on issue.
Unfortunately no. Both private and federal student loans can not be discharged in Chapter 7 bankruptcy.
Depending on your state... a car that is included in a Chapter 13 Bankruptcy cannot be repossed. The Bankruptcy laws protect you from repossession. Just as long as you are in Chapter 13 and are making payments to the Trustee, your car cannot be repossessed.
Yes, they can be discharged. A chapter 13 may not be the best way to go, however. You should consider a chapter 7, if you qualify. Consult a local bankruptcy lawyer.
my chapter 7 bankruptcy discharged Jan 2002 when can i apply again
Whether your car loan is discharged by a bankruptcy or not will depend on your state and the equity in your car. Whether the loan will be discharged or not is called an "exemption".
Not by creditors who agreed to participate in the chapter 13 bankruptcy.
If a debt was listed on a Bankruptcy that you filed and the Bankruptcy went through then that debt is permanently discharged with a Chapter 7.
:A bankruptcy under chapter 7 or 11, or a non-discharged or dismissed chapter 13 bankruptcy generally remains on your credit file for 10 years from the date filed. A discharged chapter 13 bankruptcy generally remains on your credit file for 7 years from the date filed.
If you filed a Chapter 7 bankruptcy in MI and it is discharged, you can amend whatever document you want at any time. It does not matter whether it is during the process of bankruptcy or after the discharge.
The bankruptcy petitioner can file another chapter 7 8 years after the date of filing of a previous chapter 7.
No. Child support is not discharged in bankruptcy.
You may be referring to the discharge of debts in bankruptcy. Not all debts can be discharged. Most discharged debts are partially discharged in Chapter 11 and Chapter 13 actions. Debts or the portions thereof that are discharged no longer exist at law and creditors no longer can attempt collection. It is a "fresh start". You attorney can advise you as to which debts are likely to be discharged, which ones reorganized, and which debts will likely not be discharged.
The debt should be identified as being in bankruptcy or discharged in bankruptcy. It will remain on the list for 7 years. The bankruptcy will remain on the report for 10 years.
Sure. Just find an apartment that will allow a tenant with a discharged bankruptcy.
The day you are discharged you can buy a car. You need to take proof that you are discharged.
Not if the debt was officially discharged in the bankruptcy.
Medical bills can be discharged through a bankruptcy.
If you included it in your bankruptcy, you're protected by the discharge. If you didn't and you're already discharged from Chapter 7, you may not be protected. I suggest you discuss this with your bankruptcy lawyer.