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It depends on the company. Probably about a month.
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∙ 14y ago
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How do you file bankrupt?
By filing a BK petition in your local BK court.
Can you refile for another bankruptcy after one has been discharged?
You can file BK 7 after 8 years from the previous BK7 7 (measured from time of filing, NOT discharge). You can file BK 13 6 years after filing BK 7. You can file a BK 13 2 years after filing a BK 13.
Can you change your bk filing?
Yes
How long after filing bankruptcy can you take out a loan?
Once a BK has been accepted by the court, there can be no financial activity such as loans without the approval of the BK trustee, and that simply will not happen.
When filing for bankruptcy and including the car how long is it before the creditor collects the car and how does that work?
The loan company can repossess any car that the payments are delinquent on. Your BK does not prevent repossession of your car.
Is it legal to buy a used car just before filing CH 7 in Georgia?
You could be commiting fraud, not only in Georgia, but in any of the other states or possesions. It is not illegal. You will, if the car is not covered by the vehicle exemption have to forfeit the car to the BK trustee. If the car was bought out of necessity, such as it was needed for you to get to your job, it will probably not affect your BK filing. On the other hand, if you just "wanted to buy a car", you could have a problem getting the bankrupcy discharged.
Is inheritance exempt in Bankruptcy?
No, the BK Trustee is to be notified of any inheritance received within 6 months of filing BK (even if you have already had your BK case discharged and closed). Short answer- no, you dont get to keep it unless you receive it more than 6 months from filing BK.
If you win the lottery after filing for bankruptcy do you have to report it?
It depends upon the type of BK filed and the time span between the filing or discharge of the BK and the winning/payment of the monies.
How do you amend a bankruptcy filing?
Contact the trustee who is in charge of the BK.
How does bankruptcy affect inheritance property?
You must list an inheritance (or even possibility of inheritance) within 180 days of filing BK. So if you are to receive an inheritance, even if your BK was already discharged, within 6 months of filing, you must inform the BK Trustee (who would have the right to take the inheritance to distribute among the creditors)
What if you have claimed bankruptcy and they have not tried to get the car back?
By filing BK it puts the automatic stay on collection actions in place, which is Major portion of the BK protection...the protection portion in fact...and it means they cannot try and take the car back, but must do so as part of the BK process. The debt is part of the BK and the asset, the car, is part of the BK....all your assets are used to pay all your debts...and a secured debt, like that on the car, had to be reported in your filing as such (that lender gets first call on the money from the car). If you didn't understand this, and if you filed paperwork with the court and swore to it being accurate and complete,but not understanding everything absolutely completely - you better get some legal help now... The court will drop the case when the sworn statements you provided are found wrong...and you can (and frequently are) prosecuted for it as a fraud or contempt of court. Moreover, if you don't understand these things..you aren't going to get the best result for yourself anyway.
Can you keep your paid off can worth 12000.00 and IRA when filing bankruptcy?
Not if its a chapter 7 BK; there is too much equity (value) in the car (since most vehicle exemptions are about $3,000 or lower. If filing chapter 13, it might be possible to keep the car. But if its a chapter 7, it is highly likely that the car would be seized and sold off by the BK trustee to pay off your creditors, or make you pay the difference between the car value and car exemption. (and before you ask- NO, do NOT sell your car to friends/family/neighbors, etc... for a $1)
