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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?


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?

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.

What do you do if she says no?

Accept that she has that right to say no, and do not force her.

If a car is repossessed and sold at auction for less than the amount owed to the lender will filing bankruptcy discharge the remaining balance if it has been reduced to judgment?

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.

What is a motion to compel abandonment?

A motion to compel abandonment is a bankruptcy court action. It seeks to force the debtor or trustee to abandon property included in the bankruptcy case.

What form of government did americans force the japanese to accept?


Why did the allied force accept the Italian back?

we need a pizza

What is the term for periodic payment to keep insurance policy in force?


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?

If you have a mountain of debt that will force you to file for bankruptcy, there are two types of protection that you can file for with the bankruptcy courts. The first kind of bankruptcy protection is called chapter 7 bankruptcy. Under chapter 7 bankruptcy, your assets will be liquidated and the proceeds from the sales will go towards paying off your debts. Most remaining debts will then be discharged by the courts. The second kind of bankruptcy that you can file for is called chapter 13 bankruptcy. Chapter 13 bankruptcy is more closely related to debt consolidation in that your debts are reorganized and a payment plan is set up between you and your creditors. Chapter 13 bankruptcy is sometimes called a working man's bankruptcy because one of the requirements of filing for the protection is having a job with a steady income. In a chapter 13 bankruptcy filing, you and your lawyer will devise a payment repayment plan that explains to the courts how you will handle your creditors. Most payment plans allow you to make payments for a period between 30 and 60 months after the initial filing. According to current bankruptcy laws, the debtor must prove to the courts that he will be able to carry out the plan for the duration of the time period. Current chapter 13 bankruptcy laws give judges the ability to factor in your living expenses while repaying your debt. However, federal standards are in place that makes it difficult for judges to customize expenditures on a case to case basis. Chapter 13 bankruptcy can also be a punishment for those that have file for chapter 7 bankruptcy fraudulently. Many people prefer to file for chapter 7 bankruptcy because they will not have to repay most of their debts. However, not everyone qualifies for this kind of protection. In order to qualify for chapter 7 bankruptcy, a person must make no more than $167 over the median income of the state. If the courts find out that a person does violate this requirement, the chapter 7 protection can be revoked and changed to chapter 13. Most people that file for chapter 13 bankruptcy will also be required to attend classes that will teach them about money management and personal finance. If you fail to attend the classes or do not pass, your bankruptcy may be revoked, which will erase any protection that you were granted from your creditors. The laws surrounding chapter 13 bankruptcy are quite complex. Should you ever have to file for bankruptcy, hire a bankruptcy attorney who can guide you through the process. Even though your finances may be tight, hiring a bankruptcy lawyer can save you time and make sure that your interests are protected in the wake of your looming bankruptcy.

Can an executor of a will force you to accept money from the estate?

No, you cannot be forced to accept a bequest. You can decline and the money will go to the other beneficiaries.

Can you still owe money after your mobile home is repossessed?

Yes. The home was repossessed because you failed to make payments you contracted to make. Even though you no longer possess the home, the contract is still in force and must be satisfied unless the lender forgives it,

Are labor union contracts voided when chapter 11 bankruptcy is filed?

Not automatically, but the court can force changes

Can you get a remodify mortgage after bankruptcy?

If the lender agrees, of course you can remodify, but you cannot force the lender to modify the terms.

How do you force a person who has filed bankruptcy and given up their interest in a property to sign a quit claim deed?

You need to contact the trustee in bankruptcy. The bankrupt hasn't "given up their interest" unless they have already executed a deed. Their interest may be subject to the bankruptcy proceeding.

Did Aurangzeb force the people to accept Islam?

Yes he did force people to convert, as Aurangabad named after him has a huge Muslim population.

can your employer force you to work off of the clock as an hourly employee?

No. By law no employer can force you to work at all, especially without payment.

Can a creditor force a debtor into an involuntary chapter 7 bankruptcy?

Yes, involuntary bankruptcy is available under both chapter 7 and chapter 11. However, it is not available against certain types of debtors.

When did the Air Force accept its first female medical technician?

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If your spouse files bankruptcy and his name is on the title to your house what will happen to your house?

The loan papers or who made the payment(s) unfortunately are not relevant to ownershp. If his name is on the titled, then the house belongs to both of you. How the property is handled during the bankruptcy, depends on how the title reads, and the state in which you reside. If it is TBE, then it is safe from your husband's bankruptcy. If it is JTWS, it would be handled a bit differently. I doubt that a BK Trustee would, (or could) force a sale. However, a lien could be placed against his portion of the property. Without knowing your state, it is difficult to make a assessment.

Did the declaratory act force colonists to accept British soldiers into their homes?

Actually it was the quartering act that forced the colonials to accept British soldiers in their homes.

What assets can i keep during bankruptcy in minnesota?

In a typical bankruptcy you are allowed to declare certain assets to be excempt from the bankruptcy. Typically you will be allowed to keep your house (though you may be forced to downsize), a car (again,you may be force you to downsize), and up to a certain limit of other assetts that can be declared except. The details for exemptions can be given to you by <a href="">Minneapolis bankruptcy attorneys</a>.

Is a discharged debt for hardship or disability considered a bankruptcy?

No, discharged debt is considered a forgiveness of debt and not a bankruptcy. Bankruptcy can only happen as a result of bankruptcy court procedure. Certain loans can be discharged due to hardship or disability, especially if there is an insurance policy in force to cover such a situation. When a loan is forgiven due to hardship or disability, the debtor's credit rating is usually not affected.

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