0
When you donate a car after bankruptcy this means you are giving a property that you owned. Well, that's okay but not the right choice specially in times like this. Consult Atty Jeffrey Cancilla, he can help you deal with your problem.
Wiki User
∙ 9y ago
While in bankruptcy, the ability to donate a paid-for car can vary depending on the specific circumstances and the bankruptcy chapter you are filing under. In Chapter 7 bankruptcy, a paid-for car might need to be sold to repay creditors. In Chapter 13 bankruptcy, you might be able to keep the car and make charitable contributions with other assets. It's important to consult with a bankruptcy attorney to understand the rules and options that apply to your specific situation.
Add your answer:
Earn +20 pts
Can you put your car you paid cash for in bankruptcy if i went to get a title loan on it?
no
Where do you need to go to donate your car?
To donate a car a place that would be recommended is your local Goodwill. The donation is tax credited which means you can put it on your taxes and get paid for it.
Can bank hold on to your car title as collateral on a bank credit card went the car loan was paid off prior to bankruptcy?
The bank should not have your car title if it is paid off. If you declared bankruptcy and it was discharged, your bank credit card account should be dismissed.
What if Car is paid off during bankruptcy?
then you get to keep it because its not worth anything to the government anymore
What if you hadn't paid in over eight months on your car can you file bankruptcy and keep my car?
Not likely. You will still be required to surrender the vehicle.
What happens to my paid off car in a bankruptcy?
Owned assets are auctioned off to repay all creditors.
When filing Chapter 7 bankruptcy should a car that is not paid off be included on the schedule of personal property?
no
where can i donate my used car for wrecking.?
Donate A Car Canada @ www.donateacarcanda.com
Where would you find records of past car loans which was finance by Bank One then loan went into bankruptcy and paid out by bankruptcy?
Try searching your credit report for info. Last resort would be to go to Lawyer that filed your bankruptcy.
What would allow a debtor to repossess a car while in a stay under a bankruptcy?
Depends how the bankruptcy was set up and whether the car was listed. There should be some consideration in that case as to whether you can make the payments, or not.
Will paying off a car loan raise your credit score after a bankruptcy?
The bankruptcy will still be reported on your credit file for up to ten years however, it will denote that the car loan was paid off. So to answer the question wil it raise your credit score. The answer is no.
Will you lose your car in Chapter 7 bankruptcy if car is paid for?
If you own your car then you'll be able to keep it if its value falls under your state's vehicle exemption amount. The state exemptions vary widely and some use the federal exemption. The federal bankruptcy exemptions allow you to exempt up to $3,675 of equity in your car.
