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No, you can reaffirm it and continue to pay your obligation.

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14y ago

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Related Questions

Can you keep your house and car if you file chapter 7?

Sometimes. It depends on the value(s) of the home and car and how much money you owe on them if any.


Can you get your car back after a repossession if you file chapter 13 bankruptcy?

In GA Can you get your car back after a repossession if you file chapter 13 bankruptcy


What happens when a car is repossessed in the state of Georgia?

The car gets taken to the impound lot, and you have to file paperwork and pay a certain amount of money to get your car back.


If a bank repossesses a car do they have to return it if you file Chapter 7 bankruptcy?

No.


What happens if you wreck your car after filing for Chapter 13 bankruptcy?

If you wreck your car after filing for Chapter 13 bankruptcy you can file it on your insurance. You can then replace your car based on the bankruptcy order.


Will filing bankruptcy affect your car insurance?

I have file for Chapter 7 twice and it has had no effect on my car insurance.


When a car get reposed in California can you file chapter 7 to get creditor of your back?

Yes.


Can you keep your car that you are still paying on if you file chapter 13 bankruptcy in NM?

Generally yes.


Why am i paying for a car in chapter 13 bankruptcy that i don't have?

Depending on the circumstances, you may be able to adjust that amount or file for a chapter 7 if you're eligible.


If I file Bankruptcy-7, will I be able to keep my 401k/ my home/ and my cay?

Chapter 7 is a liquidation bankruptcy, you are giving up your assets. If you want to keep your home and car you would need to file a Chapter 11 Bankruptcy.


If you stop making your car payment while waiting for your chapter 7 bankruptcy to be discharged how long until your car is taken from you and will you be able to get another car?

It is up to the creditor to file a motion for relief from stay in order to take back the car. Your ability to buy another car will only be limited by your ability to find a willing seller and a willing lender.


Can you lose a car if you file bankruptcy?

Yes, you can lose a car if you file for bankruptcy, but it depends on several factors, including the type of bankruptcy you file and the value of the car. In Chapter 7 bankruptcy, non-exempt assets may be sold to repay creditors, which could include your car if it's not protected by exemptions. However, if you file for Chapter 13 bankruptcy, you may be able to keep your car by restructuring your debt and making payments over time. Always consult with a bankruptcy attorney to understand your specific situation and options.

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