Repossession
Mortgages
Bankruptcy Law

Which is better to file bankruptcy or voluntary repossession?

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2007-11-29 20:11:35
2007-11-29 20:11:35

file bankruptcy that bay you wont loose your stuff

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Related Questions


In GA Can you get your car back after a repossession if you file chapter 13 bankruptcy


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.


is it safe to file for voluntary dismissal of chapter 13 bankruptcy


It depends of which B/K you file and whether you complete it.


There is nothing about a repossession which prevents eligibility to file for bankruptcy.


Any leftover debt from that car repossession can be put in your bankruptcy petition..so if you owed $12k and the bank sold it for $6k..then you can file bankruptcy on the remaining $6k.


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.



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.


If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.


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


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.


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".


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.


No they never did file for bankruptcy


can you file bankruptcy utah unenploment


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.


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


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


You do not have to be unemployed to file bankruptcy.



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


Yes you can file for bankruptcy if you are unemployed.



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



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