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No. Rented items must be paid or surrendered back to the owner. Generally, on Schedule G of your bankruptcy petition you list each contract to which you are a party (such as a rent-to-own agreement, lease, etc). Then, you have to either "assume" each contract, which means keep pay it, or "reject" each contract, which means give back the items, move out of the rental premises, etc. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts and law, which I do not warrant, and I am not suggesting any course of action or inaction to any person. Speak to a lawyer for specific advice. If you have any questions, please refer to a lawyer in your jurisdiction. Thanks!
What else can I help you with?
Can you rent out your home after filing chapter 7?
Sure.
Can you claim an equity loan on chapter 7?
No
How hard is it to claim student loans on a chapter 7 bankruptcy?
I have been through Chapter 7 twice and both times was unable to claim my Student Loan.
Can I rent an apartment or home after filing a chapter 7?
I think so...
How many times can you file Chapter 7 bankruptcy and can you claim taxes?
No limit
Who can file a proof of claim in any bankruptcy proceedings?
In a chapter 7, with a no-asset notice, no claim can be filed. In a chapter 13, all creditors should file a proof of claim within the time period provided.
Can you rent your property and claim esa?
can you rent a house and claim esa
Can I claim my rent on my taxes as a deduction?
Yes, you cannot claim rent as a deduction on your taxes.
Can I claim rent on my taxes as a deduction?
Yes, you cannot claim rent as a deduction on your taxes.
How does a creditor answer Chapter 7 bankruptcy?
By filing a proof of Claim, or by addressing questions/arguments to the court
Trustees motion to deem secured claim withdrawn?
This is not a question. If your question is, "What happens when the trustee moves the Court to declare a secured claim withdrawn," then one should object, particularly if the secured creditor still has a claim. If this is chapter 7, a secured creditor has no claim except on its collateral. In chapter 13, fight for your claim.
I claimed chapter 13 five years ago can I claim chapter 7?
Yes. this is a common scenario as most people cannot meet the strict budgeting demands of a chapter 13 bankruptcy and switching is allowed automatically to a chapter 7 (one time limit).
