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If you lost your job and have credit cards and 2 car payments that cannot be met is the best track to turn in one car and file bankruptcy?
best track be to volunteer turn in one car, quit paying credit cards, once repo gets judgment against, file Bankrupsy? BEST track be to keep both cars, GET TWO JOBS, pay off cars & credit cards,live happy ever after in FL or PA or where ever the JOBS are. You CAN do it. The contract you are wanting out of didnt say anything about "wont pay if divorce,lose job,ect.", it said "I WILL pay X dollars for X number of months. It didnt say "I will pay as long as the sun is hing and the roses smell good."Why do I answer like this? Because you seemed to ask for the BEST track AND I believe YOU CAN DO IT. MERRY Christmas
What else can I help you with?
Should you make payments on some credit cards if you cannot on all cards?
yes.
Can you make principal payments on credit cards?
No, you cannot make principal payments on credit cards. Credit card payments are typically applied towards the total balance owed, including interest and fees, rather than specifically towards the principal amount.
Is it possible to just declare bankruptcy on credit cards?
You can declare bankruptcy due to credit card debts, yes.
Do you have to list credit cards with a zero balance in a bankruptcy?
no
Am I still allowed credit cards after bankruptcy?
Yes, it is still possible to get a credit card after bankruptcy. "Secure" credit cards require you to place a security deposit down in the event of default, but they are a good way of rebuilding your credit.
Should you make payments on some credit cards if you cannot on all cards?
yes.
Can you make principal payments on credit cards?
No, you cannot make principal payments on credit cards. Credit card payments are typically applied towards the total balance owed, including interest and fees, rather than specifically towards the principal amount.
Can you put credit cards on a bankruptcy?
yep
Is it possible to just declare bankruptcy on credit cards?
You can declare bankruptcy due to credit card debts, yes.
Can i file bankruptcy if i am not past due yet But I am using credit cards to may all my monthly payments?
Yes but it may not be the best choice for you so consult with an attorney first and consider your options. Whether or not you have late payments doesn't matter. If you have debt and your income cannot support your expenses, you can file.
Do you have to list credit cards with a zero balance in a bankruptcy?
no
Am I still allowed credit cards after bankruptcy?
Yes, it is still possible to get a credit card after bankruptcy. "Secure" credit cards require you to place a security deposit down in the event of default, but they are a good way of rebuilding your credit.
Can credit cards be used after someone files for bankruptcy?
Sometimes credit card charges are not included in bankruptcy. If they are then you will no longer be able to use them.
Can you file bankruptcy on credit cards that are not in your name but you are responsible for?
check Federal Bankruptcy act 801.3
Can you file for bankruptcy if your credit cards have gone into collections?
Yes.
What happens to credit cards in a bankruptcy when there is a zero balance?
it does not work
What kind of bankruptcy is it called when you only include credit cards?
Chapter 7. The credit cards would be unsecured debts.
