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Answered 2014-11-19 22:53:51

They can't force you into bankruptcy, that is a choice you have to make based on your ability to pay your debtors. When a car is repossessed it is sold and you have to pay the difference between what you owe and the cars sale price.

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If cosigner filed bankruptcy can bank force you to pay off vehicle or return it even if payment history is good?

No


Can you force a company in receivership into bankruptcy?

Recievership is bankruptcy.


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

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It depends on the chapter. In either case, your remaining debt is now unsecured and a bankruptcy filing places the judgment on hold. If it is Chapter 13, file a claim and you may receive a percentage of the bankruptcy estate, but not usually until near the end of the bankruptcy term (3-5 years). If it's a Chapter 7, again, it's an unsecured debt and highly unlikely that the debtor will sign a reaffirmation to pay you back. If the bankruptcy gets dismissed (thrown out), your judgment is back in force, provided it has not expired.


Can your business partner's bankruptcy force you to sell your shared business?

Probably yes.


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Can creditors force me to sell my home to pay credit card debt in California?

Creditors can force a person into bankruptcy, if you are not already, but generally speaking, you cannot load up all your net worth in your home, and refuse to pay everybody else. This is why creditors can force a person into bankruptcy under the right circumstances. They usually don't, but they can.


Bankruptcy and Debt?

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