NO worse than the B/K and you get to pay any balance owed. What great service from your friendly B/K attorney did you get for the money you payed? good Luck
Yes and yes
You should have told the court and the trustee in the chapter 7 documents what your intentions were with respect to the lease. If you were terminating the lease, you must return the leased property to the creditor.
No.
There are some creditors that offer car loans to those who' ve filed bankruptcy.
If a car is leased, you can keep it as long as you are paying it on time.
Under Illinois Bankruptcy laws, the homestead exemption includes farm lot & buildings, condominiums, personal property or cooperative. These homes can be owned or leased. They can be up to $15,000, including the proceeds of sale for one year.
The address for Ford Motor Credit related to leased vehicles typically is: Ford Motor Credit Company LLC, P.O. Box 650574, Dallas, TX 75265-0574. However, it's always best to check your lease agreement or the official Ford Motor Credit website for the most accurate and current address, as it may vary by specific circumstances or updates.
leased
It should have a good effect if its on time.
You need to ask this of your B/K attorney for state specific advice.
A deed of surrender is a legal document that formalizes the relinquishment of rights or interests in property, typically in the context of lease agreements. In this document, a tenant agrees to return the leased property to the landlord before the lease term expires, often in exchange for certain concessions. It can also be used in other contexts, such as the surrender of a will or a trust. The deed ensures that both parties are clear about the terms of the surrender and provides legal protection for both sides.
It shouldn't unless business and personal funds were commingled or a personal credit card was used when making business transactions.