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How long does it take after you pay off chapter 13 bankruptcy to get your papers and titles on your cars?
Wiki User
∙ 11y ago
Chapter 13 goes up to 60 months but it can be shorter. You will receive the title to your cars when the loan is paid off. Often a car loan is not amended by the bankruptcy, and most loans are less than 60 months.
Wiki User
∙ 11y ago
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Can you keep your cars when you file for chapter 7?
Yes, in most cases, a person can keep their cars when they file for Chapter 7 bankruptcy. It will ultimately depend on the bankrupt court.
What happens when you are left in bankruptcy?
You are not left in bankruptcy, you enter into it willingly. In chapter 13 you enter into a repayment plan and all your debts are paid in about 5 years. chapter 7 negates all debts that are unsecured like credit cards and leaves you with only your secured debt like home and cars. In both cases you keep your vehicle and home
What is a no assets chapter 7 bankruptcy?
This means you walk away with no assets. Meaning, if you have 2 cars and $100,000 in debt, after the bankruptcy, you give the cars to the court and they sell them to (partially) repay your debtors. In other words, you walk away with no assets and no debt. The court will do their best to find all of your assets, cars, house, etc. Anything they can find to sell.
Can I file bankruptcy my self or do I need a bankruptcy attorney?
You don't have to have an attorney to file for bankruptcy, but an attorney can be help with the paperwork. Also, your creditors usually have legal representation so it may be for the best if you are represented as well. You can file a Chapter 7 Bankruptcy on your own. However, with a Chapter 13 you'll probably need a lawyer. Also, the more valuable your property -homes, cars, etc - the more you should consider a lawyer in order to make sure you don't lose anything of value through the Bankruptcy process. i HAVE NOTHING OF VALUE, NO CAR, HOME, ETC. I OWE OVER 100k ON CREDIT CARDS AND NO JOB NOW. SHOULD I DO CHAPTER 7 OR 13? ANY NEGATIVES THAT COULD HURT ME I SHOULOD BE AWARE OF?
How does a bankruptcy trustee investigate a debtor?
It is rare that a bankruptcy trustee really investigates a debtor. There have to be a large amount of questionable assets or, like in a Chapter 11, types of assets that would send a trustee to your house. When they do, they look into bank accounts and physical assets such as furniture, houses, cars and even clothes.
How does Chapter 13 Bankruptcy help a person?
There are many benefits associated with filing a Chapter 13 bankruptcy. The types of benefits that will result will depend on the facts of the case. Below is a few of the benefits available with filing a Chapter 13 bankruptcy.Pay Mortgage Arrears- You can set up a 3 to 5 year plan to pay mortgage arrears that are past due on your home. If you are in the process of being foreclosed and you are behind on your mortgage, you can set up a repayment plan for your mortgage arrears.Strip Second Mortgage- If your home value is below what you owe on your first mortgage and you have a second mortgage, you may be able to remove your second mortgage in a Chapter 13 bankruptcy.Pay Back Taxes- If you owe taxes to the federal and state government, you can set up a repayment plan through a Chapter 13 bankruptcy.These are just a few of the benefits that a Chapter 13 bankruptcy can provide.
Can only one spouse file bankruptcy when the other one owns the cars and house?
In general, the filing of bankruptcy by one spouse will not affect the other spouse's financial situation. A debt is created by contract between a debtor and a creditor - each debtor must sign the contract to be liable for payment. Therefore, the bankruptcy of one spouse does not cause the other to become bankrupt. Debts where spouses are joint and severally liable for payment will remain with the spouse who has not filed for bankruptcy. Under Chapter 7 bankruptcy, where one spouse's debts are wiped clean, the creditor can go after the other spouse. However, a major advantage of Chapter 13 bankruptcy, where the debtor plans to re-pay her debts, is that the creditor will leave the co-debtor alone, as long as bankruptcy plan payments are timely deposited.
When we have two car loans can you keep your cars if I file chapter thirteen bankruptcy?
First you should answer some hard questions Is the car worth what you owe on it? Maybe just let it go and start over.....If you let the cars go can you deal with having only one car for a short time? Many dealers will finance bankruptcy customers and charge only higher interest rates.....Will bankruptcy help your family to accept their concequences and be financially responsible from this day forward? The statistics say most familys who declare bankruptcy will be in the same financial way in less than one year....
What states can you get full coverage insurance on cars with salvage titles and what companies will insure these cars?
Ohio Michigan
Do drag cars have vehicle tiitles?
All cars have titles, no matter what its being used for. If a cars in the junkyard, the junkyard must have posession of the title.
Can you buy open car titles for cars with unknown owner and unknown state?
No. Titles are issued by state and require owner information.
Can you keep your paid off cars when you file a chapter 7 bankruptcy?
perhaps not. If the courts determine that the value is too great and that the car and/or motorcycle are not necessary for you to maintain employment you may be forced to turn over one or both.
