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No, unless the co-signer was also part of the bankruptcy process. If not, then no the co-signer would have to be responsible for this debt. Wanda Improve Credit, LLC

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What is the difference between an unsecured bond and a secured bond?

An unsecured bond is not backed by collateral, while a secured bond is backed by specific assets that can be claimed by the bondholder if the issuer defaults.


Can a bank garnish wages of a co-signer in Georgia if the primary signer has claimed bankruptcy?

Yes, The bankruptcy of the borrower does not protect the co-signer. The bank howevermust obtain a judgment against the co-signer prior to garnishment.


Can i claim bankruptcy on my car loan if I'm not behind on payments?

Bankruptcy is not claimed on individual loans, a bankruptcy involves all your debt. The fact that you are current on your car loan may make it easier for you to negotiate with the lender for the continued ability to pay for your car but it doesn't mean that you get to have it for free. The same is true of a home loan.


Can you claim business credit cards on a personal bankruptcy?

In a personal bankruptcy, business credit cards typically cannot be directly claimed as they are considered business debts. However, if the individual personally guaranteed the business credit cards, those debts may be included in the bankruptcy proceedings. It's essential to consult with a bankruptcy attorney to understand specific liabilities and implications based on individual circumstances.


Can you file bankruptcy on a home equity line of credit and keep the house?

You file bankruptcy as an individual. It involves everything you owe and everything you own. You cannot file bankruptcy for only one loan The bankruptcy process can exempt certain assets from the process. Some debts may not be cleared. A debt secured by a specific asset has first call on the funds from the sale of the asset. If the sale fails to pay all that is owed, the additional amounts can be claimed as unsecured debts owed. If you want to know more about bankruptcy in your state and how you may be able to protect your primary residence you should consult with a bankruptcy attorney.

Related Questions

Can Attorney bills be included in Bankruptcy?

If you're using an attorney for the bankruptcy you have to pay him. Any other attorney bills can be claimed.


Should you tell your bankruptcy lawyer if you have claimed bankruptcy in the past?

Yes- attorney needs to know if you ever filed BK (what type and when).


Can back owed child support and judgments for daycare and medical bills be claimed on bankruptcy?

Child support arrears cannot be wiped out by a bankruptcy.


Can back child support be claimed on a bankruptcy?

No. No aspect of child support will be discharged or lessend by BK


Where can one obtain a car loan after having claimed bankruptcy?

You can obtain a car loan after having claimed bankruptcy by applying online at the Cars Direct website. Cars Direct is well known for helping people with poor credit obtain an auto loan.


Can a company ask you to pay them 4 years after they were given notice that you claimed bankruptcy and they were listed?

Nothing stops them from asking you for it, but you must assert your rights under the bankruptcy shield.


If you just found out after one year that someone else claimed you owed them money can you still add them to your bankruptcy?

No.


What type of court hears cases involving bankruptcy?

Bankruptcy Court is filed in Federal District Court, however, exemptions claimed are state regulated.


What is the difference between an unsecured bond and a secured bond?

An unsecured bond is not backed by collateral, while a secured bond is backed by specific assets that can be claimed by the bondholder if the issuer defaults.


Are American Express Cards allowed to be claimed in Bankruptcy?

Yes, all credit cards are considered debt no matter what the name of the card is.


What is the best auto insurance company if you have claimed bankruptcy?

There is no best insurance company for a Bankruptcy. Some Insurance Companies will not accept application for coverage from people with a bankruptcy. Some will accept you application but may charge you a higher rate. Yet other companies just don't check credit at all so it would not matter to them if you've had a bankruptcy or not.


Can a bank garnish wages of a co-signer in Georgia if the primary signer has claimed bankruptcy?

Yes, The bankruptcy of the borrower does not protect the co-signer. The bank howevermust obtain a judgment against the co-signer prior to garnishment.