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Can you file bankruptcy on a title loan when you don't owe money on it?

In the US, at least, you don't file bankruptcy against specific loans, you file bankruptcy in general. You do have to list all your assets and debts as a part of the filing. So, technically the answer is "no", but ignoring that for a moment, why on Earth would you want to do such a ridiculous thing as spend filing and attorney's fees on a debt you don't owe any money on? However, the fact that you have a loan you don't owe anything on (most people do) doesn't stop you from filing bankruptcy.


If you received a sizeable tax refund but spent it before you filed bankruptcy will that money affect you?

The judge may ask you what it was spent on. Necessities such as food, shelter, utilities etc. are acceptable and a usual answer. You did the right thing. Receive and spend the refund before filing bankruptcy, if possible. Of course, is not always possible due to the stress from pressure by creditors. You should weigh the relief bankruptcy provides against the amount of stress you can live with.


After filing a chapter 13 bankruptcy can I get a passport?

Yes, but if you are planning to leave the US, you should not leave until your chapter 13 plan has been approved. If you are going to spend a lot of money that is supposed to be in your plan, not being used to roam around the planet, you could find yourself facing federal charges on your return.


Why is a financial strategy important?

A financial strategy is important because it can help you keep track of your money. You need to plan on how much you can spend and how much you earn to prevent bankruptcy.


Can I spend money from my savings account?

Yes, you can spend money from your savings account, but it's important to consider your financial goals and the potential impact on your savings before making withdrawals.

Related Questions

Can you file bankruptcy on a title loan when you don't owe money on it?

In the US, at least, you don't file bankruptcy against specific loans, you file bankruptcy in general. You do have to list all your assets and debts as a part of the filing. So, technically the answer is "no", but ignoring that for a moment, why on Earth would you want to do such a ridiculous thing as spend filing and attorney's fees on a debt you don't owe any money on? However, the fact that you have a loan you don't owe anything on (most people do) doesn't stop you from filing bankruptcy.


Should you spend your tax refund before you file for chapter 7 bankruptcy?

If received for last year yes. the one for next year, received after filing, no.


If you get a large tax refund shortly before filing bankruptcy can you spend it?

You could, but they will find out about it and if you don't use this money to try and pay creditors then you could be in hot water. I would get some legal advice on this and meanwhile, put that money in an interest bearing account and don't touch it. Marcy * If the refund is received 60 days or less before the filing the entire refund is considered assets that must be included in the BK filing. If it is received more than 60 days before the filing the amount subject to BK is pro-rated.


If you received a sizeable tax refund but spent it before you filed bankruptcy will that money affect you?

The judge may ask you what it was spent on. Necessities such as food, shelter, utilities etc. are acceptable and a usual answer. You did the right thing. Receive and spend the refund before filing bankruptcy, if possible. Of course, is not always possible due to the stress from pressure by creditors. You should weigh the relief bankruptcy provides against the amount of stress you can live with.


Do some law firms provide free bankruptcy advice?

"Yes, some law firms do give free bankruptcy advice. They do that because they know you have no money to spend on hiring them to give you this kind of advice. Also, if they give you free advice you might go back to them to help you with filing for bankruptcy."


If you incur a debt on credit card after you file chapter 13 and are still under the bankruptcy can that credit card company do anything legal to collect your debt?

Declaring bankruptcy does not allow you to go out and spend money without having to pay it back. Yes, the debt is not covered by the Chapter 13 filing, so they can do what they can to collect the new debt.


Do you have to tell the bankruptcy courts if you receive an inheritance?

Yes you must inform whoever is looking after your bankruptcy that you have had an inheritance. You will be then advised what to do next, so don't spend the money as you could be breaking the law.


After filing a chapter 13 bankruptcy can I get a passport?

Yes, but if you are planning to leave the US, you should not leave until your chapter 13 plan has been approved. If you are going to spend a lot of money that is supposed to be in your plan, not being used to roam around the planet, you could find yourself facing federal charges on your return.


Can America spend it's way out of money problems?

Of course not. They'll lose money before they can


This is needed before the Department of Defense can spend money?

Congressional Approval


Why is a financial strategy important?

A financial strategy is important because it can help you keep track of your money. You need to plan on how much you can spend and how much you earn to prevent bankruptcy.


Can I spend money from my savings account?

Yes, you can spend money from your savings account, but it's important to consider your financial goals and the potential impact on your savings before making withdrawals.