Which is better to file bankruptcy or voluntary repossession?

The fact that you have a repossession on your credit report is not a determining factor of whether your can file for bankruptcy. Generally in bankruptcy you can remove the debts from the repossession of your vehicle.

If you had a voluntary repossession in Illinois and receive a notice for the outstanding balance will the loan be wiped off if you file for bankruptcy or will the co-signer still have to pay?

the co-signer is just as responsible for the debt as you are, hence the name "co-signer"

How long does the state of Florida have to file a voluntary repossession claim against you?

There is no specific time limit for a repossession in Florida. Florida law does not require a creditor to give notice before starting a repossession.

Can a court order a company or person to file bankruptcy in the state of Georgia?

Bankruptcy is normally voluntary, however if your creditors feel it is required for them to get paid and you refuse, they can force it - an involuntary bankruptcy.

Is there a hardship law for volunteer repossession of a car in Georgia?

Yes, it is called bankruptcy. Move quickly though. If the lender obtains a judgment against you before you file bankruptcy, you will still owe on the loan.

Should you let your car get repossessed or file bankruptcy or what if you wrecked your car with no insurance and you are 3 months behind on payments?

The Lender may or may not want to repo a wreck. Bankruptcy, same deal. Call the lender, tell them what the car looks like, and let them decide. ___ File bankruptcy if you are buried in unsecured debt, not to save the car. Especially a wrecked car. ___ "Repossession" looks slightly better (not MUCH better) on a credit report than a Chapter 7. Let it get repossessed.

How can you get out of a Chapter 13 bankruptcy if you have been in it for 10 months and you've decided that you were better off as you were before?

Contact the attorney that handled the BK or the BK trustee and inform them that you want to file a petition for a voluntary dismissal of the "13".

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.

Should I file for bankruptcy after a repossession and other bad debts piling up?

Only if you think that you cannot get out of the debt, or if your credit score is already very bad.

If I file for bankruptcy can I still refinance my mortgage?

You would probably be better off refinancing your mortgage first and then applying for bankruptcy later on. My mom had to file for bankruptcy due to credit card debt she could not pay.

Can you file bankruptcy on restitution?

No you can not file bankruptcy on anything that is court ordered. CAN YOU FILE BANKRUPTCY ON RESTITUTION?

If you are in chapter 13 bankruptcy can you file for a voluntary dismissal to refinance your house?

I f that was the main reason for filing the c. 13, you can. Make sure the lender knows about the bankruptcy and you have a refi commitment before you move to dismiss.

How do you file a voluntary dismissal of a chapter 7 bankruptcy?

You can have your Chapter 7 claim dismissed as long as the dismissal will not harm your creditors. This is filed with the court in much the same way as when you initially filed for chapter 7 bankruptcy

If you file a Chapter 13 bankruptcy does that automatically stop a repossession?

YES, its called an AUTOMATIC STAY. ALL collection efforts must stop as soon as they are notified of your filing.

If your truck was repossessed and damaged and you were going to file bankruptcy do the reposessors have to return it to you and then you can file and stop the repossession?

no no, it's up to the company if they want to let you keep it or not, some of them think that if your'e filing BK then your'e not going to pay them.

How do you file a chapter 13 voluntary dismissal in Maryland?

There is paperwork to fill out and a judge has to approve the dismissal. You can submit it to the trustee or judge in charge of your bankruptcy. If you have an attorney, the attorney can do this for you.

Can a discharged bankruptcy be reinstated?

Discharged Bankruptcy normally means that it was a successful bankruptcy and the debt slate is now clean. But if your bankruptcy has been dismissed by the court you can file to have it reinstated. An experienced bankruptcy attorney can help you file to reinstate your dismissed bankruptcy case. You must include the reason the case was dismissed, why it failed and how it will be better if the case is reinstated.

How many year after you file bankruptcy can you file bankruptcy aging?

If you are talking about a Chapter 7 bankruptcy, It takes 7 to 9 years after you can file bankruptcy again.

Can you file bankruptcy on everything but your vehicles?

You can file bankruptcy yourself or with an attorney. People choose an attorney because they do not want to mess with all the motions or learning any law and this can cost anywhere from 300 to 500 dollars to start a bankruptcy action. You can keep one vehicle and your house in a bankruptcy. Technically, when you file bankruptcy you file it for everything in a Chapter 7 and that will wipe away all debts…

Why would you want to file bankruptcy?

You would generally file for a bankruptcy to get rid of debt. If you have more debt then you can handle and you are constantly getting deeper and deeper in debt then a bankruptcy might be for you. ADDITIONAL SPECIFIC INFO: You would want to file bankruptcy if you are overwhelmed by debt and harassed by creditors. If you are unable to pay your bills you may be eligible for relief under Chapter 7, Chapter…

Did Deltona Corporation file bankruptcy?

No they never did file for bankruptcy

Can you file bankruptcy on the state?

can you file bankruptcy utah unenploment

How can you avoid the repossession of your car?

You can avoid repossession of your car by keeping tab of your car payments, discuss your situation with the creditor instead of ignoring them. Other things you might want to consider would be to sell the car to at least pay off some of what you owe, or file for bankruptcy.

Do both parties on a joint mortgage have to file bankruptcy on a joint mortgage?

No, both parties on a joint mortgage do not need to file bankruptcy. They can file a joint bankruptcy or a single bankruptcy.

Why did General Motors ford and Chrysler file for bankruptcy?

They did not file for bankruptcy.

Do you have to file bankruptcy after a foreclosure?

No, there's no law that states you have to file bankruptcy.

Can you file Bankruptcy without a job?

Yes you can file for bankruptcy if you are unemployed.

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

You do not have to be unemployed to file bankruptcy.

Did ballenger construction harlingen Texas file for bankruptcy?

No, they did not file for bankruptcy.

How can one file for Chapter 11 bankruptcy?

One must file a petition with a court in the area which one lives. This can be a voluntary or involuntary petition. This will cost $1000 to file along with other fees. Finally a plan must also be filed for approval with the court.

Can I file your cell phone bill on bankruptcy?

No, you cannot file my cell phone bill in a bankruptcy. However, you can file YOUR cell phone bill in a bankruptcy.

Who can file for bankruptcy in Wisconsin?

Anyone who is a resident of the state can file for bankruptcy in Wisconsin. There is no restriction on who can file, only for which chapter they can file in.

What companies have file bankruptcy in 2008?

what companies did file a bankruptcy in 2005,2006 and 2007.

Can you keep your home after file bankruptcy?

Depends on file bankruptcy for, and the bank and what they want to do.

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 debt be divided if he's not willing to file bankruptcy?

In most cases no, on a joint debt if one party files bankruptcy and is discharged the other party is liable for the entire remaining balance. This makes filing bankruptcy little protection from foreclosure, repossession, and other actions credits would still be able to attempt on the other party.

Can you file bankruptcy with income coming in?

Yes, you can file with an income coming in, which chapter of bankruptcy you file depends on your income

Can you file for a voluntary dismissal of a chapter 7 bankruptcy in Arizona?

You can dismiss a bankruptcy anywhere (at least in the U.S.) Check with an attorney to see how this will effect you though. You will still have a bankruptcy on your record and will still owe everything. Speak with an attorney about your specific situation. If you can not find an attorney, contact your local Bar association and they will refer you to one.

If you file business bankruptcy do you also file personal bankruptcy?

If your business is a separate entity, no.

What are the various categories of bankruptcy individuals can file for?

what are the various categories of bankruptcy individuals can file for?

Can you file bankruptcy if you caused a car accident?

What happens to your semi truck that is finacnced im a sole proprioter truck driver can you keep the truck to keep working when i file for bankruptcy?

You really need to speak with a lawyer about this. It's all dependent on the bankruptcy laws in your state, what chapter you're filing for, etc. If the vehicle has an order for repossession on it prior to when you filed for bankruptcy, you may not be able to prevent it.

How long after you file bankruptcy can you file again in Washington state?

8 years between discharge of bankruptcy to re-file.

If you are married can you still file chapter 7 bankruptcy?

A Chapter 7 case is commenced by the debtor filing a voluntary petition or at least three creditors filing an involuntary petition. A husband and wife can file a joint petition. 11 USC § 302.

My bankruptcy was discharged I brought a car for my friends daughter and she was making the paymentnow she stop what happens to the car it's been 6 month and nobody looking for it.what to do?

Your bankruptcy was not discharged, unless it was thrown out of court. Your debts were discharged. You can keep making the payments, find somebody who will take the car and make the payments, or call the lender to make a "voluntary repossession." You will then learn what a dumb move it was to buy the car, since you will be liable for any deficiency and you cannot file c. 7 again for 8 years.