If the Chapter 7 is still pending, you can amend the documents to surrender the car. You may be able to re-open the case and amend the documents even after it has been closed.
If you want to keep the car and can pay a C. 13 plan to get caught up on the arrears, you can file a C. 13. It may not be worth the expense, however.
You have to make whatever payments are required as determined by the BK analysis, which should be lower than trying to make all your normal payments.
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.
Yes. Only if there was a relief of stay issued for the vehicle or you signed a reaffirmation for the vehicle loan and didn't make the payments.
A person's income does not count after filing chapter 7 bankruptcy. All that counts is what you had before filing bankruptcy.
Assuming its a chapter 13 bk, if you dont make your plan payments the court will dismiss your bk- allowing creditors to resume collection efforts
what can you do when you cant make a car payment what can you do when you cant make a car payment
Make payments on time
If you are late on a chapter 13 payment you are at risk of having your case dsmissed. Please try to make payments on time and make payments up if you missed any due to a miscommunication.
No. Only a scam.
An automobile loan is secured by the vehicle title, meaning that the lending institution has filed legal notice of interest in the vehicle. Even if you file chapter 7 bankrupcy, the lending institution can repo the car if you don't make payments.
There's no maximum amount. If you can't make your payments you file bankruptcy.
Filing for Chapter 7 bankruptcy will discharge your personal obligation to pay the mortgage, but it does not remove the lien on the property. Therefore, the mortgage lender can still foreclose on the home if the mortgage payments are not made. In a divorce, the issue of who is responsible for the mortgage payments would typically be addressed in the divorce settlement or court order.