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What is the length of time to have a loan until you can file bankruptcy on it?
Wiki User
∙ 16y ago
Understand...YOU file bankruptcy...it involves all of your assets and all of your debts. Some of both may be exempt. You don't pick and chose what you want to include. The length of time you owe it, or the length of time you own it, is not important.
Any transaction, generally for 2 years prior to the BK, can be challenged as being preferential, but that is if it is thought you tried to move (or hide) assets or something of value, not get debt. (What happened to the value/money you received from any recent debt may be a question since it could be wanted to pay other debts).
Understand...YOU file bankruptcy...it involves all of your assets and all of your debts. Some of both may be exempt. You don't pick and chose what you want to include. The length of time you owe it, or the length of time you own it, is not important.
Any transaction, generally for 2 years prior to the BK, can be challenged as being preferential, but that is if it is thought you tried to move (or hide) assets or something of value, not get debt. (What happened to the value/money you received from any recent debt may be a question since it could be wanted to pay other debts).
Wiki User
∙ 16y ago
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You owe your sister money can you file bankruptcy on that loan?
If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.
Will your wife have to pay if you file bankruptcy?
If her name is on a loan that you file bankruptcy on than she would then be responsible for that loan. Filing a bankruptcy only gets your name off the loan(s), you would both need to file together.
If you have a loan with your thrift savings at work do you have to file on it if you file bankruptcy?
You need to include all of your debts in the bankruptcy.
What is loan reconcillation?
When you file bankruptcy, you may wish to reconcile a loan. Basically, it's a loan that you have that you don't want to file bankruptcy on. You intend to keep paying it as normal, while still declaring bankruptcy on other loans.
Can you file for bankruptcy and not default on a title loan?
Yes. With the lender's permission, you can reaffirm the loan at the time your bankruptcy is executed.
Can you file bankruptcy on a truck repo past due loan?
No, if you mean, can you single out this debt to "file bankruptcy on." You file bankruptcy on ALL your creditors. You don't get to pick and choose. But you can certainly include such a debt in bankruptcy.
Can you file bankruptcy if you have a private loan that's not in your name?
yes
If you have a personal bank loan can you still file for bankruptcy?
Of course.
Can you file bankruptcy on Sally Mae student loan?
No. Under no bankruptcy scheme will student loan obligations be dischargeable. Rather, they will remain with you until they are paid off and just because you have filed for bankruptcy does not mean that the loan interest rates will stop either. This is a debt you should attend to as soon as you can and if it is a major reason for your filing for bankruptcy then I urge you to reconsider and speak with an attorney first.
Can you file bankruptcy on Nelnet loans?
I am in chapter 13 with part of nelnet loan as repayment. Not sure why they did not file total loan in the plan
Can you file bankruptcy on a home equity loan and credit cards?
Yes.
How can one get a loan if they have declared bankruptcy?
Getting a loan after bankruptcy can be difficult depending on what type of bankruptcy one files. A Chapter 13 bankruptcy, one cannot even apply for credit during the length of the bankruptcy. In a Chapter 7 bankruptcy, that is a different story. One can file Chapter 7 bankruptcy and as soon as it is discharged can apply for credit. The only problem with getting a loan after bankruptcy is that you may have to have a co-signer until you build up some positive credit.
