HomeIf you filed Chapter 7 bankruptcy last year how it will look on your credit if you surrender your leased car?
Wiki User
2015-07-15 19:32:25
2015-07-15 19:32:25
NO worse than the B/K and you get to pay any balance owed. What great service from your friendly B/K attorney did you get for the money you payed? good Luck
Related Questions
You should have told the court and the trustee in the chapter 7 documents what your intentions were with respect to the lease. If you were terminating the lease, you must return the leased property to the creditor.
There are some creditors that offer car loans to those who' ve filed bankruptcy.
If a car is leased, you can keep it as long as you are paying it on time.
Under Illinois Bankruptcy laws, the homestead exemption includes farm lot & buildings, condominiums, personal property or cooperative. These homes can be owned or leased. They can be up to $15,000, including the proceeds of sale for one year.
It should have a good effect if its on time.
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