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If a car loan was reaffirmed with notes current in a Chapter 7 can a credit union force a debtor to get other financing for the vehicle loan and then also force her to close her checking acct?
Wiki User
∙ 14y ago
Credit unions have an unusual tool in their arsenals that's perfectly legal: They can revoke your membership (and ban you from rejoining) if you have ever "caused a loss" to the credit union--including discharging ANY debt owed to the credit union at ANY time. If she had another loan (NOT the car note) from the credit union before bankruptcy that was discharged, that's legal.
If the car note was her ONLY debt to the credit union, it's probably improper; but I expect you'll need a lawyer to fight it.
Wiki User
∙ 14y ago
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Increased use of long-term financing is generally a more conservative approach to current asset financing?
yes this is a true statement
Difference between permanent current assets and temporary current assets?
permanent asset should be financed with permanent and spontaneous sources of financing,while temporary assets should be financed with temporary sources of financing.
Working capital management is primarily concerned with the management and financing of?
Current assets.
What is maturity matching approach?
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What Does The Term Acquisition Financing Mean?
Acquisition financing is the money provided a buyer of a business to pay for the purchase. That is distinct from the financing needed to operate the business once it is acquired. Often, when a buyer is acquiring a business, it will require both acquisition financing (which is typically longer term financing) and financing to meet the day-to-day needs of the business following the acquisition.
Can the bank repossess a vehicle even if the payments are current?
Not IF you reaffirmed the loan with the creditor.
How you can combine liability structure and current assets decision?
The level of current assets and method of financing those assets are interdependent.A conservative policy of "high" level of current assets allows a more aggressive method of financing current assets.A conservation method of financing ( all- equity) allows an aggressive policy of "low" levels of current assets.
How do you measure direct current?
we can use ammeter for current checking
Increased use of long-term financing is generally a more conservative approach to current asset financing?
yes this is a true statement
Difference between permanent current assets and temporary current assets?
permanent asset should be financed with permanent and spontaneous sources of financing,while temporary assets should be financed with temporary sources of financing.
Working capital management is primarily concerned with the management and financing of?
Current assets.
When a driver checks her speedometer she is checking?
The driver is checking the current speed of the vehicle, as indicated by the speedometer.
Does Wells Fargo offer mortgage financing?
Yes they do in fact offer mortgage financing. Please go to you local location to speak with them about their current rates for a mortgage.
What is maturity matching approach?
Hedge risk by matching the maturities of assets and liabilities. Permanent current assets are financed with long-term financing, while temporary current assets are financed with short-term financing. There are no excess funds.
Where is the best place to get used car financing?
Many banks offer used car financing. It is best to try your current bank to get the lowest intrest rates on vehicles.
How do chapter 11 bankruptcy companies pay for current services?
basically, in many ways, your dealing with a "new" company. The assets and debts of the company from before they filed are part of the Bankrutpcy and handled in it. The new Co, the one after the BK filing, arranges new financing, can use the money from current sales, etc., all done reporting to the court that it is keeping current only using current (not BK time) moneys...
Who is current hells angel president Vermont chapter?
There is not a Hells Angels Chapter in Vermont
