IF the lender will accept it. they dont always pick them up, it depends on the condition of the car, VALUE of the car, amount owed, time of sunrise in New Zealand, ect.
The motive of a company to privatize,making a contract then later filing for bankruptcy was to raise cash to keep them a float.
Yes, at least for a short time. But you will have to pay what you missed and borrowed in order to keep it.
Can u keep your checking account after filing chapter 13?
Generally speaking, filing for bankruptcy protection temporarily halts ALL collection actions for all creditors, including foreclosures.
The general answer to this question is no. Unless, the person for filing bankruptcy has not completely paid the bankruptcy fees to their attorney. However, the attorney can usually keep garnishments from happening in that lawsuit if you can prove that you are filing for banruptcy.
If you buy a used car with cash before filing a chapter 7 bankruptcy, How long do you need in between purchase and filing to keep the vehicle if the vehicle meets exemption in a state?
If you're auto payment is included in your bankruptcy, then yes, they will require you to keep full coverage as long as there is a secured balance on the vehicle.
It depends on what type of bankruptcy your are filing, if the home is your primary residence and not an investment property, how much you owe, and if you are behind on your payments. It also depends on the state you are filing in.Usually, your house, if it is a primary residence, many states will allow you to keep your house as an exemption.
No. You should use your funds to pay your secured debts, such as home mortgage or car loan, if you intend to keep it after filing for bankruptcy
Credit rating plummets when filing for bankruptcy. Bankruptcy should be the last resort and one should try everything to not go bankrupt - keep saving as much as possible.
An inheritance is an asset. When you file for bankruptcy, you will need to list your assets & liabilities. It will be subject to deep scrutiny, because you cannot have your cake and eat it too.
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.
MAYBE! Most states set limits on the value of a vehicle that you can keep after filing bankruptcy. You can't go out and buy a brand new Porsche or Mercedes Benz and then file bankruptcy and keep the car. You will be limited to something that is worth less than $3000 or so.
The advantages of filing for bankruptcy are different depending on which chapter bankruptcy is filed. Chapter 13 is more for home foreclosure and auto loans, it's advantages allow the person in debt to pay their debt back over a longer period of time and keep the things they have worked very hard for. Chapter 7 advantages are that the person in debt can make payments for less than a year and be debt free and most if not all of the unsecured debt owed can be dropped.
Depends on the exemptions available to you, depending on your state. But dont expect to be allowed a large cash exemption.
When you file a Chapter 7 bankruptcy, you have the option to keep your home and 1 vehicle. If you are able to make the last 2 payments on the car, you can keep it and not include it in the bankruptcy.
You can't file bankruptcy "for IRS debt." You have to list all your debts and assets, and you can keep what you can exempt under state or federal laws. If you have little or no equity in an asset, you should have no problem.
You have not provided enough information to answer that question. Such as, are you living in it now? It is there a loan on the RV. What is the RV worth? Are you filing a Chapter 7 or 13? There are lots of questions to answer regarding your concern. I would advise that you contact an bankruptcy attorney and NOT try to file a bankruptcy yourself, if you are trying to keep an asset.
No, however once you have completed the 1 year term of bankruptcy you can then apply for a pre-paid credit card to begin rebuilding your credit.
Yes.The success of completing a chapter 7 bankruptcy only depends on your financial situation at the time of filing. Any unforeseen money gained after filing is yours to keep.
Any assets you have are potentially forfeit if you file for bankruptcy. There is no way to 'lock away' part of your estate above and beyond the things the law allows you to keep - such a practice would defeat the object of filing bankruptcy in the first place.
I think that at your age you really need to consult with a bankruptcy attorney before filing for bankruptcy. Filing for bankruptcy is the best remedy for many debt problems. However, there are other courses of action that may be better in certain situations, allowing you to avoid bankruptcy completely. One benefit of hiring a bankruptcy attorney is that doing so might actually help keep you out of bankruptcy court. You may also want to consider the effect this may have on the inheritance for your loved ones and on your standard of living.
ask your series 24 or 26 principal at work. I was able to apply for the series 6 after filing bankruptcy, so you should be able.
Here's a link to a great site that will tell you what you can keep in a Chapter 7 filing: http://bankruptcy-law.freeadvice.com/consumer_bankruptcy/property_filing.htm
The filing will delay the foreclosure or reposession for a bit. But, presuming there are secured loans to the items you mention, they will need to be satisfied (paid) in the course of the bankruptcy, or those actions would still occur.