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If you have a loan with your thrift savings at work do you have to file on it if you file bankruptcy?

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2005-10-09 20:41:50
2005-10-09 20:41:50
You need to include all of your debts in the bankruptcy.
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If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.

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An organization formed as a depository for primarily consumer savings. Savings and loan associations and savings banks are thrift institutions.

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Thrift Institution is the general term for savings banks, savings and loan associations, and credit unions

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If her name is on a loan that you file bankruptcy on than she would then be responsible for that loan. Filing a bankruptcy only gets your name off the loan(s), you would both need to file together.

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When you file bankruptcy, you may wish to reconcile a loan. Basically, it's a loan that you have that you don't want to file bankruptcy on. You intend to keep paying it as normal, while still declaring bankruptcy on other loans.

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If you file chapter 7 or 13, your loan may discharge in bankruptcy. This is not an automatic process you need to prove to the bankruptcy court that repaying your loan would cause undue hardship.

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Yes. With the lender's permission, you can reaffirm the loan at the time your bankruptcy is executed.

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No, if you mean, can you single out this debt to "file bankruptcy on." You file bankruptcy on ALL your creditors. You don't get to pick and choose. But you can certainly include such a debt in bankruptcy.

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It does not apply to companies that are regulated by other statutes, such as banks, savings and loan associations, unions, insurance companies, and brokerage firms.

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I am in chapter 13 with part of nelnet loan as repayment. Not sure why they did not file total loan in the plan

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Savings and loan association or S&L is commonly known as thrift is a kind of financial institution or organization that specializes in accepting savings deposits and lending funds or loans for other companies with a certain rate of return and interests.

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You will be responsible for the whole debt since you are the only one capable of paying the debt after your wife's bankruptcy.

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If the student loan is a federal loan and not a private loan then the answer is no. Federal student loans can not be included in bankruptcy, you will always be responsible for repayment of FEDERAL student loans.

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The loan would be part of the bankruptcy filing. I can't see how the death of the cosigner is significant. (In financial terms, that is.)

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Absolutely, and many other secured items as well.

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I believe you can, by reaffirming the loan, but I don't know the details.

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You don't file bankruptcy "on" any loan. You file bankruptcy , listing all of your debts. Debts that are not dischargeable include child support arrears, student loans, federal income taxes filed or changed by the IRS within the three years prior to filing and certain judgments for damages due to fraud. State income taxes also cannot be discharged.If you obtain credit knowing you are bankrupt or intending to file bankruptcy, the creditor can object to the discharge of that loan.

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Yes, it could be. You could reaffirm that particular debt, which means you don't wish to include it in your bankruptcy and that you will continue to make your normal payments.

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Bank accountsYou can generally keep both your checking and savings account when you file for bankruptcy. However, if you also have a loan with the bank and you intend to discharge it, then the bank will close your account. For example, say you have a savings account with your credit union. You also have a signature loan with the credit union. If you file for Chapter 7 Bankruptcy and do not reaffirm (sign an agreement that you will keep account and continue to pay under original terms) this loan, the credit union will be losing money, so they will no longer provide services to you. More opinions:Chap. 7 gives you several options when you deal with your cash accounts. Roughly speaking, you can keep $4,000. Any more than that will be taken by the court to pay your bills.

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Gov't insured or Guaranteed loans are not dischargable.

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Even though you file bankruptcy, you still have to honor the promissory note. If you are ordered to make installment payments then you will have to pay the promissory note in installments.

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You can qualify to file for bankruptcy if you owe a substantial amount of money to your creditors and/or car loan and mortgage companies. It is not worth filing bankruptcy for small debt as bankruptcies range from 900 dollars to a couple thousand dollars.

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Getting a loan after bankruptcy can be difficult depending on what type of bankruptcy one files. A Chapter 13 bankruptcy, one cannot even apply for credit during the length of the bankruptcy. In a Chapter 7 bankruptcy, that is a different story. One can file Chapter 7 bankruptcy and as soon as it is discharged can apply for credit. The only problem with getting a loan after bankruptcy is that you may have to have a co-signer until you build up some positive credit.

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I guess not but if you do a loan modification that would be great atleast your payment for the house will be hold until the loan is will be finalized and you still have enough time to save up some money to pay for some remaining loans you have. as long as you can dont file for bankruptcy.


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