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Can a motorcycle be repossessed if the co-owner has a bankruptcy?
Reynapantoja
A motorcycle is considered a secured debt, meaning the cycle itself is the collateral for the loan. Bankruptcy temporarily halts repossession of a vehicle. In order to keep the vehicle the debtor must reaffirm the loan with lender. Be advised, all secured lenders can petition the BK court to lift the BK stay so that repossession action can continue.
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∙ 17y ago
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Can my house be repossessed if my husband is madebankrupt but is not on the deeds?
Your husband's name is not on the deed, but is he on the loan? If yes, then it cannot be foreclosed and repossessed if the property is listed on his bankruptcy filing, and, as long as his bankruptcy payments are current. If he defaults on bankruptcy payments, then you can lose the property. If he is not on the loan, then your house can be foreclosed and repossessed.
Can your car get repossessed after bankruptcy?
not if you still owe money on it
Can a motorcycle be repossessed if you cant afford the payments?
Of course.
In a bankruptcy do you lose your motorcycle?
If you owe a finance company for it, they may reposess the motorcycle.
When can a car be repossessed after bankruptcy is filed?
you better go look in you driveway
Can you be sued after your house is repossessed?
In general, yes, if you haven't files bankruptcy.
Can you file for bankruptcy after 3 years of car being repossessed?
Sure
After bankruptcy and no reafirm can you let your travel trailer be volentary repossessed with no loan bal to payeven if trailer was on bankruptcy list?
reaffirm
Does bankruptcy cover the amount you are upside down on a vehicle after it has been repossessed in Colorado?
It can.
If the creditors repossessed a motorcycle and then DID NOT sell it at an auction do you still owe?
No you don't still owe; once the motorcycle has been repossessed, it is no longer your concern. Whether the creditor sells it or fails to sell it is the creditor's problem, not yours.
Can a motorcycle purchased on credit card be repossessed?
A motorcycle that was paid for on a credit card can not be repossessed considering the credit card company paid the dealer. You must pay the card company back though or they can take you to court.
Can you sell a motorcycle after filing bankruptcy?
yes you can i know my stuff
