How long to wait after filing chapter 7 to buy another vehicle after you voluntarily turned in your current vehicle?

It may be alittle tough to find a finance company to finance the vehicle but you should be able to with some cash down.

Ask the attorney that is filing your Chapter 7 case.

The current speed limit

You must leave it ON the dealers property somehow.

Im pretty sure even if you did voluntarily hand it back you'd still have to pay the remaining balance. They won't just tanke back a car and call it good.

Yes, but only if the employee used his own vehicle voluntarily and a company vehicle was available.

Yes, but why would anyone want to do this?

The majority of Chapter 7 filings are no asset cases, meaning the debtor has no assets that cannot be exempted. The parties involved very rarely forfeit their home (except voluntarily) and are usually allowed to keep at least one vehicle. The deciding factor is if the homestead and vehicle exemptions are high enough to protect the property, and the lender's willingness to reaffirm the loans against the secured property.

what is the year of vehicle and current owner

Probably there are much more chance that you will be loosing your house and vehicle by converting from chapter 13 to chapter 7 bankruptcy. There is a $25 conversion fee that has to be paid to the court. Depending upon the status of your chapter 13 case.

Yes you can still turn it in. They told me that because it was involved in the bankruptcy, I could stop paying at any time and either call them to come get it or take it to the nearest dealer. I chose to keep my vehicle at the time but have since traded in for another.

You don't. If the cobuyer has possession of the vehicle and is no longer making payments, you as the buyer may take possession and either take up and make current the payments, or voluntarily surrender the vehicle. Failure to do so will result in repossession, and will adversely affect your credit.

no because any current that is incident on the vehicle is protected by the grounding provided by the tyres.

What state are you in??? Laws VARY by state.

The simple answer is no. If you are current on your car note, then this is not the issue that lead to the bankruptcy. That you are paying it current may have contributed to your financial situation, but on the surface it is not a reason to surrender the vehicle. Either do not list it or reaffirm it with the lender.

2 factors: 1. Are you current on your payments? - if you are not current on your payments the creditor will most certainly repossess your vehicle. however you will not be liable for any deficiency amount. 2. Who is the creditor? - Most creditors will gladly continue to accept payments on the vehicle and not repossess it. however some creditors such as Ford Motor company will repossess regardless of whether or not you are current.

I believe you need to go with the current owner of the vehicle to the current bank that the vehicle's current owners is an affiliate of. Best bet is to get with the other party and then try to get ahold of the bank and go from there. .

Until you apply for a loan and the lender gives you money. In other words, one day.

If you hit another vehicle then you are at fault. It does not matter what you were doing at the time.

With new bankruptcy laws that is no longer possible. If the person files for bankruptcy and includes the vehicle they will have to pay the entire amount of the loan.

If it has been discharged (At the end of the Chapter 13 plan), then you will most likely have to work out some type of payment with the lender. You can also consider filing another Chapter 13. (The car would most likely be the only debt)

If the lender is willing to reaffirm the loan with the borrower then the vehicle can be returned. A vehicle is a secured debt and is not subject to chapter 7 bankruptcy laws.

A family car is another word that can be used to describe the family vehicle.

You are still legally obligated to pay the balance of the car note regardless.

To drive one vehicle into another