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The parties who signed the loan are responsible for paying the loan. You can do the B/K deal just like the co-signor did and it will all go away.

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โˆ™ 2005-01-06 18:15:54
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This is Paula's monthly budget What percent of her expenses is spent on insurance

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Q: What can be done if a car was repossessed two years ago due to the cosigners bankruptcy and now the other party is being harassed for it?
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Related questions

Can you file for bankruptcy after 3 years of car being repossessed?

Sure


If you file for bankruptcy and your car is being repossessed through the bankruptcy with a loan on it and the car interior has been modified and damaged would you still owe anything on it?

If the car is being repoed then you owe something.


Can you file bankruptcy if you are hiding your car from being repossessed?

You can, but it most definitely would not be advisable. The vehicle would have to be listed in the bankruptcy schedule as a secured debt which means it is NOT dischargeable in a BK.


If you cosigned a car loan for your daughter and the car got repossessed do you both have to file for bankruptcy?

Having a car or other item repossessed does not mean anyone has to file for bankruptcy. Bankruptcy is to protect you from creditors and should be sought if you owe more than your net worth and have no reasonable prospect of being able to pay what you owe.


Should bankruptcy be considered to stop your wages from being garnished to pay 8K for a repossessed vehicle in the state of Georgia?

Bankruptcy is an EXCELLENT way to stop Garnishments. Many attorneys can file an emergency peition to get that garnishment stopped NOW.. then go back and complete the bankruptcy later.


If you are behind on your car payments should you file bankruptcy before the vehicle is repossessed?

Before doing that, you should go to your bank and explain your situation. They might be able to take over the loan at a lower interest rate. That way your payments may become smaller. If that doesn't work, maybe call whoever has your laon and explain your situation, see if there's anything they can do. * No. Bankruptcy should be the last resort for a debtor. Be that as it may, bankruptcy will not keep a vehicle from being repossessed or the borrower for being responsible for the loan. Secured property such as a vehicle are not dischargeable in bankruptcy.


If you are being sued as a cosigner on a repossessed car for a bankrupt limo co in NJ will this lawsuit follow you if you move to a different state?

It would depend on why they are sueing you and also what the disposition of the bankruptcy is.


If your car has been repossessed and you have not yet filed bankruptcy can you still be eligible to get the car back after you file?

If the car is gone, the car is gone. The car would only be covered in BK if you still had it. If you file Chapter 13 bankruptcy within 10 days of your car being repossessed, or in some states before it has been sold or auctioned, your creditor must return the vehicle to you.


What if you are being harassed?

If you are being harassed tell an adult or someone you know and trust or tell a police man. Being raped you tell an adult you trust and you tell a police man.


Why did the loyalist decide to leave?

They were being harassed and attacked.


Who do you tell if you're being harassed at work?

your boss


Do you get your vehicle back from repossesion after filing chapter 7?

Actually you can get your vehicle back if you file bankruptcy within 10 days of your vehicle being repossessed. Your attorney can file an emergency injunction if needed.

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