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If I file bankruptcy when I have a car that is in my name but my friend gave me a loan and I pay him monthly how do I protect the car Because it looks like its paid off due to the loan from the frien?
Wiki User
∙ 16y ago
Of course, neither of you thought a written promissory note or security agreement was necessary at the time. It may not be a problem if the car can be exempted. If the car is worth more than any available exemptions, you will have to convince the trustee there was an equitable lien on the car. If you have made regular payments to your friend and have receipts showing a declining balance, it will be more likely to be seen as real. If you pay as much as you feel like paying whenever you get around to it, good luck.
Wiki User
∙ 16y ago
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Would you protect yourself or a friend?
I would protect my friend first because you don't want to be selfish and keep your life for their life.
A friend files for bankruptcy One item included in the filing for bankruptcy is a judgment regarding an unpaid bill you cosigned for a lease on an apartment How does this affect you?
You become the only person responsible for the debt. Your friend's obligation to pay the judgment ends once your friend gets his or her discharge order from the bankruptcy court.
Why should you keep dogs?
Because you are their best friend, they will protect you, they will love you, and they will make you complete and happy.
Why sparrow are called farmers friend?
Because its protect crops from unwanted warms,which destroy crops .
Can a loan you borrowed from a friend be covered under a bankruptcy?
Generally yes, if there is a contract signed by both of you (the lender and borrower) and you include that debt in you bankruptcy filing.
Why did you support johnny when he killed bob?
I supported Johnny alot while he killed Bob because he did it to protect his friend.
Why do sparrows refer as farmers friend?
Because its protect crops from unwanted warms,which destroy crops .
Cosign lease extension?
To cosign a lease extension means to become legally responsible for the lease agreement alongside the primary tenant. This includes agreeing to uphold all terms and obligations of the extended lease period as a form of guarantee for the landlord in case the primary tenant is unable to fulfill their responsibilities. It's important to understand the implications and commitments involved before agreeing to cosign a lease extension.
Where can one hire a bankruptcy lawyer?
There are many places a person may find a bankruptcy lawyer. For instance, a person may find a bankruptcy lawyer through a friend or family member. Additionally, websites such as Consumer Action Law Group and The Morris Law Group specialize in helping individuals find bankruptcy lawyers.
How ozone layer protect us?
yes my friend
My friend that is a girl that I have been friends with for a few years said she likes me because I protect her and I'm like a big brother to her what does this mean?
That means your friend (the girl) doesn't want to be anything more than friends you are now permanantley in the friend zone.
Recovering From Bad Credit?
One of the best ways to recover from bad credit after filing bankruptcy is to get a car loan and make the payments on time. Perhaps it is possible to get an auto finance loan while in Bankruptcy but, there are a couple of issues to note. The interest rate for an auto loan while in Bankruptcy will not be good. Bankruptcy Trustee approval is needed if you do finance a vehicle while re-paying a Bankruptcy. An alternative to traditional auto financing is to borrow money from a family member or friend. This will allow you to get the money needed for your next vehicle without the worry of finance fees or interest rates. It is important to know that this is a business transaction and a signed agreement will protect all parties involved.
