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What else can I help you with?
What happens to my paid off car in a bankruptcy?
Owned assets are auctioned off to repay all creditors.
Can bank hold on to your car title as collateral on a bank credit card went the car loan was paid off prior to bankruptcy?
The bank should not have your car title if it is paid off. If you declared bankruptcy and it was discharged, your bank credit card account should be dismissed.
When filing Chapter 7 bankruptcy should a car that is not paid off be included on the schedule of personal property?
no
Will paying off a car loan raise your credit score after a bankruptcy?
The bankruptcy will still be reported on your credit file for up to ten years however, it will denote that the car loan was paid off. So to answer the question wil it raise your credit score. The answer is no.
What happens to your paid off car after filing bankruptcy?
If your car's value cannot be exempted, it goes to the trustee to auction off and the net proceeds used to pay his fee and the balance distributed pro rata to the unsecured creditors. The exemptions are determined by state law, which may allow using the federal exemptions. Check with a local bankruptcy lawyer or go to your jurisdiction's bankruptcy court website.
Can a co-buyer take the car if she is filing bankruptcy?
When someone files for bankruptcy, they are protected and their possession will likely not be repossessed. However, if they are, subject to repossession you would have to talk to a lawyer in order to keep the car.
Can you trade in a car that's not paid off and not co sign for another car?
If you trade-in a car that Not paid off, you will be trouble with the law.
Can you sell a vehicle that was included in a Chapter 13 bankruptcy case and is not yet paid off?
No
If you request a voluntary dismissal can a debt listed in the bankruptcy still be paid off?
Yes.
Can I Cancel a car contract because of financial hardship?
Very unlikely that a lender will let you off the hook, unless it is a small local company and you have paid at least the purchase price. Your choices are: sell the car or file bankruptcy.
How do you get the lien released on your car title after bankruptcy when the car was awarded as exempt property?
If there is a loan for the vehicle it must be paid off before the lender will release the title. The bankruptcy exemption status does not confer ownership of the vehicle to the BK petitioner unless the vehicle was already owned free and clear. It simply indicates that the car was not subject to BK procedure.
How long does it take after you pay off chapter 13 bankruptcy to get your papers and titles on your cars?
Chapter 13 goes up to 60 months but it can be shorter. You will receive the title to your cars when the loan is paid off. Often a car loan is not amended by the bankruptcy, and most loans are less than 60 months.
