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What is the average interest rate on a car loan after a chapter 7 has been discharged?
Wiki User
∙ 18y ago
It all depends on your score.....12 months after discharge, i bought a brand new car....$32000.00 at 9% interest rate.... DO NOT fall into the 18% trap, you are better off buying a junker until you get your score to about a 620-650.
Wiki User
∙ 18y ago
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Can you open up new credit after the chapter 7 has been discharged?
yes
Can a collection agency try to collect a debt that has been discharged under chapter 7?
No, that's harrassment.
How long after a chapter 13 has been discharged can you apply for credit?
Between five (5) and six (6) years, depending on how long it took to discharge the chapter 13 bankruptcy. Generally a total of ten (10) years after the bankruptcy appears on your credit report is required before applying for prime credit. The average chapter 13 takes 4-5 years to be discharged, leaving about 5 years of having the bankruptcy still on your credit report.
How are you notified that your chapter 13 bankruptcy has been discharged?
If you have filed the financial management certificate due after the plan has been certified by the trustee as completed, you or your attorney must file an application for the discharge.
How could you improve your credit score after filing Chapter thirteen and converting to Chapter seven once the Chapter seven bankruptcy has been discharged?
On my website, I have an article on 10 tips to rebuilding your credit after bankruptch: http://www.chs-law.com/2005/05/rebuilding-credit-after-bankruptcy.html
Can a creditor come after you 8 years later after a chapter 13 has been discharged?
If the debt was discharged in the BK, no.
Can you open up new credit after the chapter 7 has been discharged?
yes
I have just been discharged in a Chapter 7 Bankruptcy what does that mean?
The case, that you asked for, has been completed and resolved.
What is a discharged bankruptcy?
In a chapter 7 it is a total liquidation BK, that has been found valid and has been approved. Therefore the debtor(s) are discharged from the debt(s) that were included in the BK. A discharged BK is not the same as a closed BK. If it is a chapter 13, it indicates that the debtor(s) have fulfilled their obligation of repaying the amount to creditors that was ordered in the BK. After the trustee's audit a chapter 13 is considered closed
Is it legal for a creditor to charge late fees on an account AFTER it has been discharged in chapter 7?
Provided the account was indeed discharged and the late fees were generated after the discharge, the answer is no.
Is it possible to keep a vehicle that has post-arrears once a Chapter 13 has been discharged?
If it has been discharged (At the end of the Chapter 13 plan), then you will most likely have to work out some type of payment with the lender. You can also consider filing another Chapter 13. (The car would most likely be the only debt)
Can a collection agency try to collect a debt that has been discharged under chapter 7?
No, that's harrassment.
Can you file an adversary petition after a chapter 7 has been discharged?
Discharged normallly means its all over, all dates to file a protest have past and its a done deal.
Is a Chapter 7 bankruptcy considered final after the meeting of the creditors has been held?
It's final after the BK has actually been discharged.
Can a collection Agency collect a debt after a chapter 7 in Tennessee if it was accidentally omitted?
Any debt that was omitted from the Chapter 7 can be collected after the discharge of the bankruptcy. If the bankruptcy has not been discharged, you may sitll be able to add it to the list of debts. If however the stay has been lifted (the bankrutcy is discharged) then there is no protections and you are vulnerable.
When is Chapter 13 bankrupcty discharged?
After the Chapter 13 plan has been successfully completed and the Trustee so certifies. Some courts require filing a motion or request for a discharge.
How long after a chapter 13 has been discharged can you apply for credit?
Between five (5) and six (6) years, depending on how long it took to discharge the chapter 13 bankruptcy. Generally a total of ten (10) years after the bankruptcy appears on your credit report is required before applying for prime credit. The average chapter 13 takes 4-5 years to be discharged, leaving about 5 years of having the bankruptcy still on your credit report.
