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The loan company can repossess any car that the payments are delinquent on. Your BK does not prevent repossession of your car.

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โˆ™ 2006-03-24 23:07:41
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Q: When filing for bankruptcy and including the car how long is it before the creditor collects the car and how does that work?
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Related questions

Can you add a creditor to bankruptcy after you have filed your papers in court?

You can add creditors anytime before the discharge is entered.

How do you buy a house that is going to sheriff sale from the creditor before the sale?

Not possible if it is coming from bankruptcy court (it probably is)

If you have a credit card and use it just before filing bankruptcy can a creditor deny your bankruptcy?

If you are on the brink of bankruptcy... you probably can't get a credit card. Opps... didn't read that right. Sorry. I really don't know.

If you had a lien placed on your house 2 months before you filed bankruptcy and you filed bankruptcy on that creditor is the lien still valid?

All liens survive bankruptcy. You can get rid of the lien by "avoiding" it. Look up "Avoiding Liens" in google or for more info.

Can a creditor ask for purchased product as collateral in chapter 7 bankruptcy?

Yes. I foreclosed on a home and bought another one cash before being discharged from bankruptcy. I was told by the attorney that creditors can ask the courts and the court will confiscate your purchased product and sell for whatever amount and that amount will be given to the creditor(s).

Can a discharged utility debt become a collection after bankruptcy?

A utility company may not collect any debt that was discharged in a Chapter 7/13 bankruptcy. The discharge injunction, in most cases, prevents a creditor (including a utility company) from collecting a debt that was discharged. However, the utility company can, and often does, require a security deposit before resuming utility services.

Can a person in chapter 13 bankruptcy purchase a home while still in bankruptcy?

All major financial transactions including the purchase of sale of a home must be approved by the bankruptcy trustee before any action is taken.

Do you have to get credit counseling before you can file for bankruptcy?

You do not have to necessarily get credit counseling before you can file for bankruptcy.

The sheriff has scheduled my home for a sale. Will filing bankruptcy chapter 7 stop this process?

generally filing for bankruptcy puts a stay on the collection of debts, including a foreclosure. get in touch with a bankruptcy atty asap, because there are things you are required to do before filing.

Who gets paid last in a Chapter 13 Bankruptcy?

In a Chapter 13 Bankruptcy who gets paid last? Creditors, Trustee, their attorney or their lender? ALL ADMINISTRATIVE COSTS - TRUSTEE, ATTORNEY ARE PAID FIRST - BEFORE ANYTHING ELSE. The others sort of depend...a lender is a creditor...if a secured lender...probably before any other.

How long do you have to be unemployed before you can file bankruptcy?

You do not have to be unemployed to file bankruptcy.

Can a debt be discharged in a no asset chapter 7 if it was incurred a few weeks before the filing?

For the most part yes. The only problem you could run into is if the creditor involved believes that you intentionally incurred the debt with the intention of then filing bankruptcy. If they can prove this the debt is determined to be bankruptcy fraud and nondischageable.

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