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Can you declare bankruptcy and get out of a car you owe way more than its worth?
Wiki User
∙ 13y ago
for sure
Wiki User
∙ 13y ago
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How much debt do you need to declare for bankruptcy?
UK. Bankruptcy £15,000 or more. If you have less than £15,000 worth of debt, sustainable under 15k for the duration of one year and meet certain criteria, you may qualify for a debt relief order, which is, in effect, a mini bankruptcy.
Why did Anchor Blue declare bankruptcy?
Anchor Blue declared bankruptcy because it had more debt than assets and did not believe it could pay its creditors. The company had been loosing sales to its competition, which included American Eagle.
Can you stay in the home you are leasing if you declare bankruptcy?
Generally..if you're renting a home and do not owe any back rent than you can stay in the home..especially if you have a lease but if you are behind in rent than you can declare that debt in bankruptcy but it is up to the landlord whether or not he/she wants to let you stay.
Is Debt Settlement easier than bankruptcy?
It depends on the amount you in your debt. If your debt is a large sum and figure, the best and most ideal thing would be to declare bankruptcy. If not debt settlement would be much easier.
Can someone who earns 80000 per year declare bankruptcy?
Anyone can file for bankruptcy as long as they have debt that they cannot payoff. They may not be eligible for a Chapter 7 in the average income in their area is less than 80,000/yr however.
If you cosigned a car loan for your daughter and the car got repossessed do you both have to file for bankruptcy?
Having a car or other item repossessed does not mean anyone has to file for bankruptcy. Bankruptcy is to protect you from creditors and should be sought if you owe more than your net worth and have no reasonable prospect of being able to pay what you owe.
What is the typical use for a usb cable?
They are worth more than 10 dollars.They are worth more than 10 dollars.They are worth more than 10 dollars.They are worth more than 10 dollars.They are worth more than 10 dollars.a
What is worth more than a euro?
The pound is worth more than euro.
Can someone have more than one property in chapter 7 bankruptcy?
Yes.
What is the average amount of debt do people have when they file bankruptcy?
More than they can pay
What are the two chapters a business can file bankruptcy under?
You can file bankruptcy for two possible reasons: you are unable to pay your debts or your creditors file for bankruptcy if you owe them more than 1000 dollars.
What more worth than diamond?
A human life, for example, has more worth than a diamond.
