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Whether you can keep your house and car depend on how much equity is in your house and car and the available bankruptcy exemptions within your state. If the bankruptcy exemptions allow you to protect the equity in these assets then you should be able to keep them in bankruptcy.
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Can you keep your house and car if you file chapter 7?
Sometimes. It depends on the value(s) of the home and car and how much money you owe on them if any.
What happens if you wreck your car after filing for Chapter 13 bankruptcy?
If you wreck your car after filing for Chapter 13 bankruptcy you can file it on your insurance. You can then replace your car based on the bankruptcy order.
If you are in chapter 13 in Pennsylvania but moved to Florida and cannot afford your car payment and voluntarily surrender the vehicle what will happen with bankruptcy court?
A number of things can happen based on number of different factors. You won't have the monthly car payments anymore, so you might need to modify your plan to reflect increase your plan payments because of the lower expenses. Or it might be better to convert to a Chapter 7 or dismiss the Chapter 13. Converting to a 7 would eliminated the possibility of the car lender getting a deficiency judgment after selling the car. Most people file Chapter 13 either because the want to keep property that they couldn't keep in a Chapter 7 or because they have debt that can't be discharged, so it is time to review your situatiowith a quaified bankruptcy attorney and see if you should still be in a Chapter 13.
If your car has been repossessed and you have not yet filed bankruptcy can you still be eligible to get the car back after you file?
If the car is gone, the car is gone. The car would only be covered in BK if you still had it. If you file Chapter 13 bankruptcy within 10 days of your car being repossessed, or in some states before it has been sold or auctioned, your creditor must return the vehicle to you.
What type of bankruptcy do you file for unsecured debt and a car loan?
There are different types of Bankruptcy. Chapter 7 is for the debtor which has debts like medical bills,car loans etc. But if you want to pay back your debts then you can file Chapter 11 and 13 which has a payment plan. You can pay your debts through payment planning. Try to search more information about bankruptcy and ask a legal advice.
Can you keep your house and car if you file chapter 7?
Sometimes. It depends on the value(s) of the home and car and how much money you owe on them if any.
Can you keep your car that you are still paying on if you file chapter 13 bankruptcy in NM?
Generally yes.
If I file Bankruptcy-7, will I be able to keep my 401k/ my home/ and my cay?
Chapter 7 is a liquidation bankruptcy, you are giving up your assets. If you want to keep your home and car you would need to file a Chapter 11 Bankruptcy.
Can you get your car back after a repossession if you file chapter 13 bankruptcy?
In GA Can you get your car back after a repossession if you file chapter 13 bankruptcy
How do you keep a vehicle before you file chapter 7?
You can usually keep your car if you keep making payments. If you own the car free and clear, and below the exempt amount, you can keep the car. If the value is higher than the exempt amount, then you can pay the difference between car value and exemption to the BK trustee.
If you file Chapter 7 and include your car how long do you have before they come and get it and how can you buy some more time?
Keep sending payments and the creditor should be happy.
If a bank repossesses a car do they have to return it if you file Chapter 7 bankruptcy?
No.
Can i keep house and car in banruptsy?
It depends on what type of bankruptcy you're talking about. The most commonly referred to would be chapter 7 in which you would be allowed to keep a vehicle, however the house would be sold off.
What happens if you wreck your car after filing for Chapter 13 bankruptcy?
If you wreck your car after filing for Chapter 13 bankruptcy you can file it on your insurance. You can then replace your car based on the bankruptcy order.
Will filing bankruptcy affect your car insurance?
I have file for Chapter 7 twice and it has had no effect on my car insurance.
When a car get reposed in California can you file chapter 7 to get creditor of your back?
Yes.
Filing a Chapter 7 with 2 payments owing on your car how long do you have in getting it current before the creditor can take it if you plan on curing the default 30 days after filing?
When you file a Chapter 7 bankruptcy, you have the option to keep your home and 1 vehicle. If you are able to make the last 2 payments on the car, you can keep it and not include it in the bankruptcy.
