0
What happens if you miss a payment in your bankrupcty agreement?
Wiki User
∙ 18y ago
The person should contact the BK trustee immediately. A trustee will generally give the debtor thirty days to bring the payment(s) up to date before requesting the "13" be dismissed.
Wiki User
∙ 18y ago
Add your answer:
Earn +20 pts
What happens when you miss a car payment?
your car can get taken away if u do not pay it in time!!
I bought a car they put a lien against itif you miss payment can they come take the car?
Possibly. It depends on what is written in the loan agreement you signed. Read it. They are not likely to repossess the car if you miss one payment. Miss two and they will be looking for it. How about calling the lender and talking about this face to face? Do not allow your car to be repossesed. You will regret this for at least 7 years.
Can a dealership take back a car due to miss payment?
If you are purchasing an automobile can the dealership file a warrant for your arrest if you miss a payment?
If you file a chapter 13 then you miss your mortgage payment because your other bill was extremely high what happens?
Many possibilities. Your "because of" doesn't fly by the way. But you have again broken your promises and agreement to pay. Most likely, the BK court you have been relying on to protect you and get benefits for you...will withdraw that protection and the creditors will do what they have to (like foreclose) to collect. You may be able to help the situation by using common sense. You know, like speaking to the trustee about possible payment problems (say the second you got a bill higher than in the plan)...before you miss them...not someone on the internet!
What happens if I don't pay for my car?
Usually you can miss one payment and they will just tack it on to the next months bill with penalty and late charges. If you continue to miss payments they will take your vehicle away from you and it ruins your credit.
Can you refinance if you are currently in a forbearance agreement?
Yes, if your credit score is pretty decent (550 or so). In fact, it's probably better to refinance than to enter into a forebearance agreement because you will be in default if you miss even one payment and the mortgage company may secure a default judgment against you WITHOUT YOUR KNOWLEDGE!
when do they suspend your license if you miss a payment?
That normally doesn't happen
Did international lease finance corporation miss a bond payment?
no
How many payment's can you defer a car payment?
Depends on the contract you signed when you borrowed the money. With most lenders they can reposes their car if you miss one payment.
What does life insurance has been suspended mean?
If you die there will be no payout to your beneficary, This usually happens when you miss a premium payment and they 'suspend' the policy, allowing you to make the payment(s) up to date and will reinstate the policy, as opposed to a 'cancellation' or 'termination' when you have lost the policy never to be reinstated
What happens when you miss first financial aid loan payments?
The lender can, at their option, immediately demand payment in full. Failure to pay that may find yourself in a courtroom being sued for the full amount and any other damages. Read the fine print in the loan agreement ... read it all - every word ... you will quickly understand that making the agreed upon monthly payment will be a much easier path to take than being sued and possibly face jail time.
What is a 1st payment default if it is not later than 30 days?
A first payment default , is when a bank calls the loan on your car because you are late on the first payment, 30 days or not, actually acording to your service agreement you are late like 4 days after the due day. they take it as a personal insult when you miss the first payment, also as a sign of things to come. usually if the repossess your car for a first payment default they will not give it back if you catch the payment. they will call for the full balence on the note and send the car to auction. Check out www.stoptheRepoman.com for other answers like this.
