Your car will likely be repossessed if you did not sign a reaffirmation agreement. If it was included in the bankruptcy, but just not reaffirmed, however, a judgment can not be placed against you for past due amounts or any balance owed. They can, though, slap you with a repossession on your credit record.
What will happen depends on the decision of the bankruptcy judge. If you are making the payments but the loan is in someone else's name, you do not have a legal leg to stand on. Still, the bankruptcy law in the United States, recognizes the need for an automobile. So, that person may keep the car.
what can happen if you are filing bankrupt and you miss your court date
The property may go into foreclosure, but that has nothing to do with the tenant. Until there is a foreclosue sale, the tenant is obligated to pay rent to the owner.
You and the person wanting to take over the payments, go in a sit down with the lender who holds the note, and talk about it. The lender must agree to this for it to happen.
Governments can't go bankrupt. They just have to work their way out of their dept.
You will get bankrupt and get into family problem or your wife will get divorce from you
You signed to guarantee the loan. That means that you guaranteed to pay the loan if something went wrong. Something went wrong so you get to pay the loan.
What can happen if you miss your time share's monthly payments depends on the contract you have with the company you purchased the time share from. In most cases you can expect that eventually the time share will be repossessed by the lender and sold to someone else. You will still owe the money that remains on your contract, even if you don't have the time share any longer.
As a disclaimer: the paragraph below does not answer the question (what is the question, by the way?) and is conspiratorial. --- The price of oil has been driven down by the global elite( those who control everything) in order to bankrupt the suadis. This will happen because the suadis needed 80 dollars a barrel of oil to fill their debt obligations. When the saudis go bankrupt interest payments on the US debt will stop, and the dollar will cease to be accepted as a currency, hyperinflation will result. youtube Lindsey Williams
If the signor fails to make payments, you are responsible. By co-signing, you say that if the signor can not pay, you will would gladly make the payments.
It depends on how overdue you are on your payments and how much money you owe.
You will be responsible for the loan payments