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Sure, then the bank will come back and get the vehicle and send it to the auto auction to get as much of their money as they can. Bankruptcy only applies to unsecured loans. The vehicle loan is secured by the title of the vehicle. If you don't pay, see how long it takes the bank to inform you that the vehicle is now theirs.
What else can I help you with?
Can you put your car you paid cash for in bankruptcy if i went to get a title loan on it?
no
If you co-signed for your daughter for a car loan and both of your names are on the title can you take it and put it only in your name if she is filing bankruptcy?
Yes. Do the paperwork with the bank and file it with the state to get the title changed.
Will a car title loan be discharged by filing bankruptcy?
No, only unsecured debt is discharged.
If your wife included a joint car loan in her bankruptcy but you did not file bankruptcy are you still liable for that loan?
You will be responsible for the whole debt since you are the only one capable of paying the debt after your wife's bankruptcy.
If you file for bankruptcy and your car is repossessed can a friend take a loan out for you to purchase a car?
Of course, it won't legally be your car however.
If you file for bankruptcy and you cosigned for someone can the car loan be included in the bankruptcy if the person is not making their payments?
YES, you can include it whether the payments are current or not.
In California If Chapter 7 bankruptcy is the last resort Should you file bankruptcy first then return a car that has a big loan on it?
Yes. In that order.
If you file for bankruptcy and your car is being repossessed through the bankruptcy with a loan on it and the car interior has been modified and damaged would you still owe anything on it?
If the car is being repoed then you owe something.
Can a co signer file bankruptcy on a car loan?
Yes, a co-signer can file for bankruptcy, which can affect their liability on a car loan. However, filing for bankruptcy does not automatically eliminate the primary borrower's obligation to repay the loan. If the primary borrower continues to default, the lender may pursue the co-signer for repayment, as they are jointly responsible for the debt. It’s important for both parties to understand the implications of bankruptcy on their financial obligations.
How do you get a car title after bankruptcy 1 year ago?
If there was a secured loan and you reaffirmed the debt in your chapter 7 and you have paid off the loan, you should get the title from the lender. If you surrendered the car to the lender in your chapter 7, your balance was discharged as an unsecured loan and you have not owned the car since you surrendered it.
Can you file bankruptcy if you caused a car accident?
Can you file bankruptcy if you caused a car accident?
Will paying off a car loan raise your credit score after a bankruptcy?
The bankruptcy will still be reported on your credit file for up to ten years however, it will denote that the car loan was paid off. So to answer the question wil it raise your credit score. The answer is no.
