If they are competent, yes.
Unfortunately yes. Bankruptcy is a real sacrafice. Oh...they can take your first house too.
The bankruptcy court will deal with ALL your assets.
No
Yes, after bankruptcy your debt (that which was listed in the bankruptcy) is eliminated. It may, however, take some time to restore your credit rating to the point where creditors will take a risk on you.
Basically - NO
No!
if the consigner files bankruptcy can the borrower take the car
No. If you default on your mortgage the lender will take possession of the property by foreclosure. Whether you file bankruptcy is an unrelated issue.No. If you default on your mortgage the lender will take possession of the property by foreclosure. Whether you file bankruptcy is an unrelated issue.No. If you default on your mortgage the lender will take possession of the property by foreclosure. Whether you file bankruptcy is an unrelated issue.No. If you default on your mortgage the lender will take possession of the property by foreclosure. Whether you file bankruptcy is an unrelated issue.
It helps to have a lawyer for bankruptcy. A paralegal's main job is to help a person fill out legal forms correctly. Still, a paralegal can practice under a lawyer's license and take care of your bankruptcy that way. You can legally take care of your own bankruptcy. It depends on whether or not it is simple or complex. In the General Motors Bankruptcy, a lot of lawyers got rich.
Yes.
NO....DUHHHHHHHHHHHH
No, you do not need to take a class to get out of bankruptcy. It might help you learn how to avoid this and what to do to get back on your feet though.