A timeshare is an asset, not a debt. It cannot be discharged. If you are in arrears in your timeshare payments, like being in arrears on a mortgage, you would be able to surrender the timeshare and discharge the arrears.
No. Once a chapter 7 bankruptcy has been discharged it is final.
A chapter 13 Bankruptcy, dismissed, discharged, or otherwise, stays on your credit report for 7 years from the date it was filed.
Basically a Chapt. 7 BK is the liquidation of debts and the forfeiture by the debtor of non exempt properties. There are certain debts that cannot be discharged in BK. A Chapt. 13 BK allows the debtor to consolidate debts and make arrangements through the court for the repayment of such.
No worse than the B/K. Take the SUV back to the dealer, call the Lender and tell 'em where it is.
State statutes govern the execution and/or the lifting of liens against real property. Therefore you will need to consult the laws of your state of residency.
Any foreclosure or bankruptcy affects your credit. And for anywhere from 7 -10 years.
No. Once a chapter 7 bankruptcy has been discharged it is final.
It is closed when it is legally discharged by the courts. Usually about 2 months after the 341 meeting for a ch. 7.
No, but you will be protected under the stay for as long as the Ch. 7 is active (not been discharged or dismissed), and you have alotted amount of time to add creditors.
Govt insured or guaranteed loans can not be discharged in BK of any type.
A chapter 13 Bankruptcy, dismissed, discharged, or otherwise, stays on your credit report for 7 years from the date it was filed.
Under the bankruptcy laws effective on October 17, 2005, Chapter 7 cannot be filed unless the debtor was discharged from the previous Chapter 7 or bankruptcy more than eight years ago. The debtor cannot file a Chapter 13 unless: (1) the debtor received a discharge under Chapter 7, 11 or 12 more than four years ago; or (2) the debtor received a discharge under Chapter 13 more than two years ago.
No, if your BK (assuming this is a Ch. 7) is discharged, the money is yours. The only time you would have to surrender the refund is if you were expecting a refund during or shortly thereafter from when you originally filed.
No worse than the B/K. Take the SUV back to the dealer, call the Lender and tell 'em where it is.
State statutes govern the execution and/or the lifting of liens against real property. Therefore you will need to consult the laws of your state of residency.
Yes, you can covert a chapter 13 to a chapter 7 and vice versa.
The day you are discharged you can buy a car. You need to take proof that you are discharged.