Probably. Only a few US states require the lender to give the borrower a "Right To Cure" notification before recovering the vehicle. All other states allow repossession with the only requirement being a breach of peace cannot occur. Wisconsin is the only state that requires a replevin order. Vehicles are considered secured debts and are not dischargeable in bankruptcy, therefore, the BK would not be relevant.
The only way to hide a car in Georgia if facing being repossessed is by filing chapter 13. If you have filed for chapter 13 it is legally ok to hide your car from being repossessed.
NO collection activity may occur legally during bankruptcy proceedings.
Of course, it won't legally be your car however.
You do. You were in possession of the car. The car was registered to you. Until the car is sold, you are legally and financially responsible for it.
Yes, you can move anywhere you want to, but if you are paying payments (Chapter 13) you are still legally obligated to make the payments.
It is closed when it is legally discharged by the courts. Usually about 2 months after the 341 meeting for a ch. 7.
Not legally. It's a resource that can be used to pay your creditors. If you hide or refuse to acknowledge it, you're cheating the creditors and in violation of bankruptcy law.
Though legally it can be reported for up to 10 years after filing, most credit bureaus remove Chapter 13s after 7 years.
Legally, yes. In reality no. And you won't be able to do any credit thigs for a long while.
No. The lawyer does.
You can legally refinance if you choose to, there are no restrictions from the bankruptcy. With that, you may find that lenders will not approve your loan because of the bankruptcy.
WE'RE ON OUR WAY!!!!!
Bankruptcy is a legally declared or recognized condition of the insolvency of a person or organization.
I'm assuming you are asking regarding a bankruptcy. An automatic stay is a utility of the court, that legally prevents contact with you from creditors after they have been notified of the bankruptcy proceedings. Once you file, the stay protects you and your proerty for as long as the stay exists. Once the BK is dismissed or discharged, the stay is lifted. While the stay is in effect, the vehicle cannot be involuntarily repossessed.
Your credit score starts going up the minute the bankruptcy is filed. Debts incurred after the filing (even the day after), are exempt from the bankruptcy. If you make house and/or car payments on time, your score goes up Legally, they can hold it for up to 10 years.
No, this is considered a post-petition debt. It would not be covered by the bankruptcy, you would legally owe this debt. Bankruptcy only covers charges up to the filing date. Not the meeting date,not the discharge date and not the closing date.
Charge off will still show up on your credit report as such as well as the bankruptcy. Chapter 13 requires the individual to repay a portion of the charged off balance this is a type of Settlement that the credit card companies/loan agengies will accept as legally binding agreement. Chapter 13 usually require a payment for 36 to 60 months.
Bankruptcy means someone is legally unable to pay their debts as agreed. The procedure of verifying someone truly is bankrupt can take up to 8 months in most cases, and those who have some assets will be required to pay back some or most of their debts over a 2- to 5-year time period. There are two major types of bankruptcy definitions that apply to consumers: Chapter 7 and Chapter 13.
Yes. Filing bankruptcy does not affect your work status generally speaking.
NO,thats Grand Theft.
If it was repossessed legally then he is guilty of theft
This is not a question. The truck could not legally be repossessed after the filing of a bankruptcy. Notify the creditor of the filing, giving the court's location (District of ?) and docket number. If you don't have a lawyer, send it by certified mail, return receipt and by regular mail, and make sure you keep a copy for yourself. If you've gotten a notice of your 341 meeting, send a copy of it to the creditor as well.
You have to file Joint, not only have you both co-signed everything but she responsible legally by marriage.