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Chase bank sent you a letter stating your car was charged off and creditirs notfied. If you claim the charge off in bankruptcy can you keep the car?
Wiki User
∙ 15y ago
You can keep 1 car and your primary residence.
Wiki User
∙ 15y ago
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Can new debt be collected after bankruptcy?
Yes, the debts protected under a bankruptcy proceeding are enumerated when bankruptcy is filed. Any debts accrued by the bankrupt party in the future are not protected by a previously filed bankruptcy.
Principle stating that a person cannont be held in prison without being charged with a crime?
Habeas Corpus
What was the principle stating that a person cannot be held in prison without being charged with a crime?
Habeas Corpus
How do you know when your chapter 13 bankruptcy is over?
You will receive a letter that your bankruptcy is discharged. You can also call the bankruptcy court or the trustee and find out if it is final.
You have a legal document stating someone is going to file bankruptcy This document was made before she charged thousands on a credit card Is there anything you can do to stop them from receiving it?
It's not likely that the damage can be undone. Anyone who continues to use credit cards when they have filed or are going to file bankruptcy is making a very big mistake. The bankruptcy will be dismissed, and the person making the charges will be in very serious trouble. Under the the bankruptcy code, fraud is presumed by law if the person filing has made any luxury purchases or cash advances totaling $1,000 or more within sixty days preceding the filing of the BK petition. In addition fraud charges can be brought if it is proven (and it usually is) that the person had not means nor intent to repay the debt incurred. Bankruptcy fraud is a federal felony that carries a 5-year federal prison sentence and fines for each guilty count.
How do you write a letter for explanation of bankruptcy?
To write a letter explaining bankruptcy, start by stating the reason for your financial difficulties in a clear and honest manner. Provide a brief overview of the circumstances that led to the bankruptcy, such as loss of income or unexpected medical expenses. Express remorse for any negative impact on creditors and outline steps you are taking to address the situation and prevent it from recurring.
If a chapter 7 bankruptcy has not been discharged is it a law stating a lender cannot offer you a home mortgage or would they just be crazy to do so?
Ch7 Bk must be discharged prior to acquiring a mortgage.
What does it mean when you receive a notice stating that your foreclosure is in the hands of the sheriff's office?
That mean pack your stuff or hurry up and file bankruptcy which wil start the whole process over again, and give you Tim e to pay or restructure your loan
Does bankruptcy affect immigration to Australia?
Yes. If you are filing to sponsor someone you will need to fill out an Affidavit of Support stating you can support this person in the US without being on public assistance. You have to meet 125% of the poverty line, as stated on the forms you can download at www.uscis.gov. If you filed bankruptcy you are not an eligible sponsor and you will need a co-sponsor (mother, father, someone who makes 12% of the poverty line).
Can a bankruptcy be disputed by a creditor?
You can dispute bankruptcies and items included in bankruptcies the same as any other negative item on your credit report. You must submit a dispute letter to the credit bureaus stating why the item(s) are being disputed. The credit bureaus have 30 days to verify the items or it must be removed from your credit report.
Can a father become absolved from paying child support of less than 18 years child?
If the father files for bankruptcy then he may be able to stop paying. Also if the X-Wife agrees or signs a paper stating the father no longer has to pay then he doesn't have to pay any longer.
What is a No Opposition Order in a Chapter 13 when a Motion for Relief from Automatic Stay is filed?
In 37 years of bankruptcy practice, i have never seen a "No Opposition Order." If no opposition to any motion is filed, after the time allowed for such oppositions, the court issues an order allowing the motion, stating that no opposition was filed.
