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
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.
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.
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.
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.
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.
If you're using an attorney for the bankruptcy you have to pay him. Any other attorney bills can be claimed.
Yes- attorney needs to know if you ever filed BK (what type and when).
Child support arrears cannot be wiped out by a bankruptcy.
No. No aspect of child support will be discharged or lessend by BK
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.
Nothing stops them from asking you for it, but you must assert your rights under the bankruptcy shield.
No.
Bankruptcy Court is filed in Federal District Court, however, exemptions claimed are state regulated.
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.
Yes, all credit cards are considered debt no matter what the name of the card is.
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.
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.