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What will happen to your bankruptcy after your car which was the only thing you were paying in your Ch 13 was totaled and paid off by insurance.?
Wiki User
∙ 19y ago
This can be a complicated issue. You should speak with an attorney in your area. If the vehicle was completely paid off by the insurance, then you may still owe fees to the Trustee or previous attorney. The dollar amount you pay for the loan and the dollar amount you pay to complete a chapter 13 are not the same.
Wiki User
∙ 19y ago
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Can a cosigner acquire foreclosed business property after the borrower files bankruptcy?
You need to consult with an attorney. If you have not filed bankruptcy then you may be responsible for paying the mortgage you co-signed.You need to consult with an attorney. If you have not filed bankruptcy then you may be responsible for paying the mortgage you co-signed.You need to consult with an attorney. If you have not filed bankruptcy then you may be responsible for paying the mortgage you co-signed.You need to consult with an attorney. If you have not filed bankruptcy then you may be responsible for paying the mortgage you co-signed.
Can the company who filed bankruptcy stop your long term disability after 20 years 58yrs old. paid into this plan when working?
If you mean your employer filed for bankruptcy and stopped paying your LTC insurance premium, probably. You should get notice that you can pay the premium on your own. If you mean the LTC insurance company filed for bankruptcy and notified you that you were no longer insured, you may want to consult a local bankruptcy lawyer, since the answer may depend on state law. If you mean you have been receiving LTC insurance payments because you are receiving long-term care, consult a local attorney familiar with this issue. State law may not allow it, and you may have a priority claim in the bankruptcy.
If you owe a thousand dollars to chapter 13 but are behind paying what will happen if you do not pay?
The trustee/bankruptcy court can dismiss the chapter 13. Creditors would then be able to pursue collection including filing a lawsuit.
If your wife included a joint car loan in her bankruptcy but you did not file bankruptcy are you still liable for that loan?
You will be responsible for the whole debt since you are the only one capable of paying the debt after your wife's bankruptcy.
Do you need to keep paying for home insurance when your home is being sold due to foreclosure?
Yes, you need/should keep paying for the insurance until you are not on the title anymore.
What if hail damage is greater than the value of car?
than your car is totaled and your insurance company just pays you a dollar amount instead of paying for the repairs... assuming you have insurance
What happens after your car is totaled and you only have liability?
If a car is totaled in an accident and only liability insurance is present, there is a chance that the other party's insurance will pay for the vehicle if the accident was their fault. If a car is totaled, but no others were involved, then the responsibility falls on the registered owner. This will not release the registered owner from paying for the vehicle, either, if money is still owed on the car.
What happens if the damage is more than the insurance limit?
the automobile is totaled which means the insurance co. will pay you the low blue book value of the car rather than paying to have it fixed.
What are your options on a totaled 2005 financed car that had no insurance coverage?
You have no options! Should have got insurance There are none. You have the joy of paying off a car you no longer have. Best thing to do is try and sell it for parts.
Should I continue paying car insurance if the car is totaled and have it removed from my policy?
If you plan on continuing the coverage on your new car then the answer is yes. If you don't get a new car then STOP!
Will at fault insurance buy you a new car after paying your car totaled?
No. They will give you the money for the value of the vehicle and then you are on your own. However, check with your state's Department of Insurance. You might have recourse against the insurance company if you are unable to find a comparable vehicle with the amount they gave you.
Can a car insurance insist on paying the value of the car rather than fix the car if the accident is not your fault?
Yes, car insurance can pay the value of the car instead of fixing it. This will happen when the cost to fix it is greater than the current value. It is then not worth fixing, from a financial perspective. This is what is meant when you say that your car has been "totaled" (it was a total loss).
What do you do if your motorcycle is totaled in an accident with no insurance but you still owe on the bike?
you still owe on the motorcycle. that's why banks require full coverage at the time of the loan-so that they will get their money. Since there is no insurance company, YOU are responsible for paying off the loan.
What does the insurance do when you are still paying on a truck and someone hits you and it gets totaled?
If the person who hit you is the one at fault in the accident, then their insurance should cover the cost of the damages to your truck. If they don't have insurance, or if they don't have enough to cover all of the costs, then yours should kick in and cover the balance if you have full coverage and not just liability insurance.
Can a claim be denied if you drop a totaled car to add new car before the claim is settled?
Check your policy. I'd expect that as long as the totaled car was covered on the date of the crash that totaled it, you'd be covered - after all, if you weren't going to replace the car, would they expect you to keep paying at all? BUT, that all said, it's really your policy that will tell you the answer. Any insurance policy is a contract between you and your insurance company, and anything they say in the contract - that's the way it is.
Can a cosigner acquire foreclosed business property after the borrower files bankruptcy?
You need to consult with an attorney. If you have not filed bankruptcy then you may be responsible for paying the mortgage you co-signed.You need to consult with an attorney. If you have not filed bankruptcy then you may be responsible for paying the mortgage you co-signed.You need to consult with an attorney. If you have not filed bankruptcy then you may be responsible for paying the mortgage you co-signed.You need to consult with an attorney. If you have not filed bankruptcy then you may be responsible for paying the mortgage you co-signed.
If your ex-wife files for bankruptcy can you go after her for not paying on a joint account?
Not if the debt is discharged in the bankruptcy.
