If you are unemployed, your benefit compensation would hardly be enough to pay off a bankruptcy.
I have a charged off account at the bank of 146.00 how do I pay that off when I'm unemployed I have a charged off account at the bank of 146.00 how do I pay that off when I'm unemployed
Yep.
You should pay off your repossessed car if you want to fix your credit quickly. If you are not worried about your credit, you can wait to pay off the car or file for bankruptcy.
If you are in a Chapter 13 plan, you have to get permission to pay off a vehicle or sell a vehicle that is included in your plan.
The Trustee keeps anything that is not exempt. If your settlement is part of the bk, and is not exempt, it will be used to pay off your creditors.
Chapter 7 bankruptcy involves liquidating assets to pay off debts, while Chapter 13 bankruptcy involves creating a repayment plan to pay off debts over time. Chapter 8 bankruptcy does not exist in the U.S. bankruptcy code.
It does not matter whether you are employed or unemployed as long as you can pay your payment you should be able to get a used car. First Find the used car you like then work with them to get finance. Do not forget the your car will be a collateral until you pay off the loan.
No, unfortunately you can not get a home equity to pay off your bankruptcy but there are other alternatives to pull yourself out off that situation and give yourself some financial room to breathe. Check with a certified credit counseling agency to get the best advice. In general if you can, reduce all expenses for clothing, food, cell phone, internet, and any other utilities as much as you can to pay this off faster. Take the bus and save on car expenses.
pay it off monthly with what money you can or put money away and keep it till you have a bit.
The debts are paid off and the bankruptcy is closed or any remaining debts are discharged. Assuming the petitioner was the ex-wife who received the inheritance, the divorce court order still stands, and the ex-wife may file a contempt action in divorce court to have the ex-husband pay the ex-wife the amount used to pay the debts. He may even be liable for some or all the costs of the bankruptcy if his failure to pay the debts led to the bankruptcy.
You would probably be better off refinancing your mortgage first and then applying for bankruptcy later on. My mom had to file for bankruptcy due to credit card debt she could not pay.
The best way to pay off corporate debt is to pay the high interest credit cards off first. If that does not work a company must consider filing for bankruptcy to escape debt.