file bankruptcy that bay you wont loose your stuff
In GA Can you get your car back after a repossession if you file chapter 13 bankruptcy
The fact that you have a repossession on your credit report is not a determining factor of whether your can file for bankruptcy. Generally in bankruptcy you can remove the debts from the repossession of your vehicle.
is it safe to file for voluntary dismissal of chapter 13 bankruptcy
Sure
It depends of which B/K you file and whether you complete it.
There is nothing about a repossession which prevents eligibility to file for bankruptcy.
True
Any leftover debt from that car repossession can be put in your bankruptcy petition..so if you owed $12k and the bank sold it for $6k..then you can file bankruptcy on the remaining $6k.
the co-signer is just as responsible for the debt as you are, hence the name "co-signer"
Bankruptcy is normally voluntary, however if your creditors feel it is required for them to get paid and you refuse, they can force it - an involuntary bankruptcy.
When you file for Chapter 13 bankruptcy, your debts, including any remaining balance on a vehicle after voluntary repossession, may be addressed through your repayment plan. However, the amount covered can vary based on your specific circumstances, such as the value of the vehicle, the amount owed, and your overall financial situation. It's crucial to consult with a bankruptcy attorney to understand how your vehicle and debts will be treated in your Chapter 13 plan. Ultimately, the goal is to restructure your debts in a manageable way rather than leaving you with an uncovered balance.
Yes, it is called bankruptcy. Move quickly though. If the lender obtains a judgment against you before you file bankruptcy, you will still owe on the loan.