A question we are often asked is what happens to
my car after you file bankruptcy?
Not exact matches
In this month alone Saints alltime leading rusher Deuce McAllister
filed for
bankruptcy protection for the Jackson, Miss.,
car dealership he owns; Panthers receiver Muhsin Muhammad put his mansion in Charlotte up for sale on eBay a month
after news broke that his entertainment company was being sued by Wachovia Bank for over due credit - card payments; and penniless former NFL running back Travis Henry was jailed for nonpayment of child support.
Suzuki's
car sales ended here in 2012
after the company's American unit
filed for
bankruptcy, but there are still some Samurais and Sidekicks on the road — and its motorcycles remain plentiful.
In the past, purchasing a
car after filing a Chapter 7
bankruptcy was not an option for most borrowers.
You can qualify for a new mortgage or
car loan a lot sooner than you think
after filing for
bankruptcy.
Bankruptcy can eliminate unsecured debt such as credit cards, but requires that secured debts be paid
after filing if the debtor wishes to keep the colatteral (
car, home, boat etc.) In some -LSB-...]
Usually they can get you the
car you want, at the price you want, the payments you want, with no down payment, and a reasonable interest immediately
after filing bankruptcy!
In this update, the son wants to know if it is time to
file for
bankruptcy on behalf of his father
after the father totaled his
car.
Looking for the right
car loan company
after filing for a
bankruptcy or a consumer proposal can be overwhelming.
Many professionals will tell you that
bankruptcy vanishes
after 7 - 10 years, however, whenever you open a credit card, buy a house, buy a new
car, or take out a student or personal loan, you are almost always asked if you have ever
filed for
bankruptcy.
However, applications for automobile loans even
after you have
filed bankruptcy is quite common these days, but if you are in dire need of a
car loan in the middle of your
filing then the process may vary depending on which personal
bankruptcy you chose: Chapter 7 or Chapter 13.
Erica Sandberg: Don't co-sign a loan while in
bankruptcy — If you
filed for Chapter 13
bankruptcy, the last thing you should consider is co-signing a
car loan for anyone, including your partner... (See Co-signing loans
after bankruptcy)
A local
bankruptcy attorney can help you explore the exemptions in your state that may allow you to keep your home,
car and other essential possessions even
after filing bankruptcy.
Picture this scenario: two days
after someone decides to make your day by t - boning you in an intersection, your
car insurance company
files for
bankruptcy.