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Can you keep your paid off cars when you file a chapter 7 bankruptcy?
Wiki User
∙ 11y ago
perhaps not. If the courts determine that the value is too great and that the car and/or motorcycle are not necessary for you to maintain employment you may be forced to turn over one or both.
Wiki User
∙ 18y ago
Wiki User
∙ 11y agoIf the cars have little value, yes. If they are worth money, no, they will be seized, sold and used to pay off creditors.
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Can you keep your cars when you file for chapter 7?
Yes, in most cases, a person can keep their cars when they file for Chapter 7 bankruptcy. It will ultimately depend on the bankrupt court.
Can you keep your home if you file chapter 13 bankruptcy?
yes
Can you keep your vehicle if you file chapter 13 bankruptcy?
yes
If I file Bankruptcy-7, will I be able to keep my 401k/ my home/ and my cay?
Chapter 7 is a liquidation bankruptcy, you are giving up your assets. If you want to keep your home and car you would need to file a Chapter 11 Bankruptcy.
Can you keep your home in a bankruptcy in NC?
It depends on which "chapter" of bankruptcy you file. I suggest you speak with an attorney to see what you can do.
Can you keep your home if you file a chapter 13 bankruptcy?
Yes, as long as you keep making the payments.
Can you keep your checking account when you file for bankruptcy?
Can u keep your checking account after filing chapter 13?
Can you keep your car that you are still paying on if you file chapter 13 bankruptcy in NM?
Generally yes.
Can you keep your home if you file chapter 7 bankruptcy and owe more on your second mortgage than the first?
yes
Can you still keep your vacation home if you file bankruptcy if there is no equity?
In a chapter 7, yes, you can keep your vacation if you have no equity in it. This assumes you have not run out and borrowed money against it knowing you were going to file bankruptcy. In a chapter 13, the equity is only relevant to the amount to be paid to the unsecured creditors. You don't "lose" the property.
Can you file chapter 7?
Anyone who is seriously struggling with debt can file for chapter 7 bankruptcy and it is up to the court to determine whether or not you will be eligible. Chapter 7 bankruptcy is usually best for people who:* Have no steady stream of income* Have a lot of exempt property* Cannot keep up with a strict payment plan
Will you get your tax refund if you file for bankruptcy?
Whether you are entitled to your tax refund will depend on what type of Chapter of bankruptcy you are filing and whether the bankruptcy exemptions can be used to protect the tax refund. If you are filing for Chapter 7 bankruptcy then you can generally keep the refund if the available state bankruptcy exemptions provide protection for it. If you are in a Chapter 13 bankruptcy you are typically required to turn over the tax refunds during the life of the Chapter 13 case.
