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What else can I help you with?
After filing chapter 7 you did not reaffirm your car loan what happens now?
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.
Does bankruptcy protect you from a civil bench warrant?
No. It only protects you (financially speaking) from your creditors - NOT from the court. ALSO: Bankruptcy does not wipe out, or excuse, court ordered payments that were in effect prior to the bankruptcy filing.
Explain how loan supports and deficiency payments work?
Deficiency payments are government payments to compensate farmers for all or part of the difference between producer prices
Who does accept starter checks?
Most your creditors will accept them if mailed as payments.
If your creditors are accepting payments can they re posses?
As long as you are in default of the contract, they can repo.
What is liquidty?
The ability of the entity to pay it's creditors when the payments becomes mature on time.
Do you have to pay income tax on a repo deficiency that you are making payments on?
If you are making payments on a repo deficiency you will not have to pay income tax on the amount. You would have to pay income tax on any part of the deficiency the company wrote off or forgave. The IRS expects you to claim the forgiven amount as income on your taxes.
Does a company declaring bankruptcy have the right to demand return or reimbursement of all payments made to creditors 90 days prior as preferential payment?
the company declaring the bk? Absolutely not...the court can. But for the Co to even suggest it happened...when preferential payments are actually against the law....so it would be admitting it did so...would be more than stupid. And by its' very nature...payments made to all creditors can't be preferential...only payments made to specific creditors (or others) and not all may be.
Does a bankruptcy attorney usually accept installment payments?
No bankruptcy attorneys usually don't accept installment payments, but, due to the economy there are a few which have made it possible for you to do at least two payments, the first when you meet and then the the last one before papers are filed. Desperate times has brought about desperate measures.
How do you answer what is your most significant career achievement?
Being able to juggle payments for creditors within a company that had no money.
Can you make payment plans to a collection company?
Yes. There are many companys that do this. They work with the creditors and help you make the payments that you can afford.
Can one put car payments on their bankruptcy?
You not only can, you must. All creditors must be listed in any bankruptcy filing.
