No. The secured property may be sold to pay the debt. However, you may (possibly) escape any deficiency that sale brings.
They can charge off all of that debt, but it in no way remediates your repsonsibility to pay. All "charging off" a debt means is that it has been removed from the lender's active books. Charge off does not forgive the debt, only bankruptcy can do that.
If you hide your car before you file bankruptcy and get caught, it is fraud and as far as im aware there will be a prison sentance. If you need to file bankruptcy in the first place then maybe selling your car would be a good idea to pay off some of your debt to try and prevent bankruptcy, because it is a very serious thing and not recommended as a get out clause for not paying debt.
The best way to pay off corporate debt is to pay the high interest credit cards off first. If that does not work a company must consider filing for bankruptcy to escape debt.
Pay off your debt.Pay off your debt.Pay off your debt.Pay off your debt.
If all you did was sign the "Statement of Intention" saying you intended to reaffirm the debt, and did not in fact reaffirm the debt with a reaffirmation filed with the court, and did not continue making car payments after the date of filing, the secured debt survived the filing and you are not entitled to the title until you pay the loan off. The lender can repossess the vehicle and sell it. It's not a question of what the court did, but what you did or did not do with respect to the loan.
There is a subtle difference between debt settlement and bankruptcy. Debt settlement allows a person to pay off some of their debt with their creditors. Bankruptcy claims do not result in payment of the debt. Either practice creates bad credit scores for the consumer.
Not unless your source of income has dried up.
You should pay off your repossessed car if you want to fix your credit quickly. If you are not worried about your credit, you can wait to pay off the car or file for bankruptcy.
Pay off the debt.
In ANY bankruptcy, whether or how much of your debt gets paid is dependent on what type it is, and more importantly, what your assets are. Your assets are used to pay your debts...have enough and 100% gets paid.
Credit card debt is hard to get rid of. for those far into debt there are really only two options, consolidating credit where a company essentially pays off your debt then you pay them with a monthly payment, or bankruptcy. Both are hard to do and costly but the best options for anyone with debt.
Assuming you mean you sold the item that was security for the debt, you violated the contract and may have committed a crime if you did not pay the debt off with the proceeds. The creditors can ask the bankruptcy court to deny your discharge or dismiss your case, and charge you with fraud, a federal crime. if you failed to disclose the sale in the bankruptcy documents.They may not get the items back, but you will have to pay the creditors what you owe. Even if you land in jail or federal prison, you will have to pay the debt off.