If there are 3 years left on a Chapter 13 on a vehicle only and the car is starting to break down can a new car be purchased or are you out of luck?

This question is so fact-specific that it defies an easy answer. Under most circumstances, I would say "yes," you can buy a new car. To buy a new car in Chapter 13 (or to finance anything for that matter), one has to request permission from the Court PRIOR to the purchase by filing a "Motion to P...

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What happens when a damaged car is repossessed?

You are responsible for the entire amount that you owe them - (minus) the amount they get for selling it, which won't be much with $6k in damages. They will report it on your credit, possibly try to get a judgment against you so they can garnish your wages or lien your property (these laws vary b...

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What if you file bankruptcy and later receive a severance?

At time of bankruptcy everything has to be up front you owe money to how many vehicles do you own any land stock, every thing is brought out at this time. Once it is done your life go's on. you now get severance it's your.

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If you buy a cheap used car right after you file Chapter 7 in Georgia will you have to include it in the case?

Georgia uses state bankruptcy laws, no Federal deductions are allowed. Under Ga. BK statutes the exemption amount for a vehicle is $3500. You are allowed to keep one vehicle only, unless there are migating circumstances, such as disabled person in the household.For the most part.. NO.Bankruptcy o...

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How can you get your title back if you have filed bankruptcy and the lien holder did not show up for the meeting of creditors?

The creditor does not waive the lien on your auto simply because they did not appear at the 341 meeting of creditors. It is your responsibility to reaffirm (new contract) or surrender the auto. There are situations that may exist where you can avoid their lien if the liened property is not proper...

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If you have affordable auto insurance before filing bankruptcy based on good credit do you have to tell the insurance company you filed?

BK will not affect any insurance policies that are already in effect.

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What happens after a car is repossessed?

After repo, the car is sold at auction(usually) and you are expected to pay what is left owing on the loan. At this point, you can make the lender an OFFER to payoff(CASH), you can attempt to make payments on the balance or you can wait until the lender takes you to court. IF you don't go to cour...

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How do you ask politely for money that is owed to you?

can i please have my money?

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Can a dealer sell you a car if you are in bankruptcy?

If you are in the process of a bankruptcy, it is not likely that you would be able to secure a loan. If you are paying cash, and the court learns of the sizable asset, your bankruptcy may be vacated, or you may be required to surrender the vehicle. If the bankruptcy is resolved, there is nothing ...

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How much is 1 lakh is pounds?

Pounds stirling? Well 1 lakh is 100,000 rupees so at the current exchange rate (quite good at the moment £1=74rps) that is £1351.35. Hope this helps......

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What will happen if you give the car back but put sugar in the tank or ruin the transmission or damage the car?

The vehicle will be taken to the auto auction and if it sells for anything less than the amount that you owe on the note will still be your responsibility. If it is determined that you deliberately sabotaged the vehicle you can be prosecuted for damaging property that is owned by someone else. Ye...

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What is another example on an electric discharge besides lightning?

a capacitor, static electricity, batteries, that's all i could think of right now

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If one car was repossessed and you are making payments on another car can they take your only car even though you owe on it?

If payments are current and there has been no breach of the loan contract the car cannot legally be repossesed. It is highly unlikely that any lender would want to initiate such proceedings if they are getting paid in a timely fashion. Repo is the last thing a lender wants to do.Even though bankr...

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Can you get your car back if its been reposessed by filing for chapter 7?

No. Once they have it the only way to get it back is to either pay it off or catch up to the lienholder's satisfaction. Chapter 7, after the repo, will prevent them from collecting the balance.

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Are you still going to have to pay the balance if they repossess your car?

You will pay the difference in what they sell the car for and the balance that is owed on the note. You may also pay the repo fees. Your credit will be ruined for 7 years. Contact the lender ASAP and work this out. They do not want to repo your car and I am sure you do not want to loose it. Actua...

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If your car was repossessed today but you are willing to pay off the remaining balance do you have a good chance of getting the car back?

Call the lender first thing in the morning and make the arrangments to payoff.

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How to fix auto loan charge off?

What do you mean by "fix" it? Do you want this taken off of your credit report? Was the loan legitimately charged off? Do you still owe a balance on the loan? If you have a legitimate charge off reported on your credit report, it cannot be legally removed. If you owe a balance and the charge off ...

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What happens if your repossessed car was modified after purchase?

if it was me i would ask them to prove that the gauges were working before you bought it. and i am not sure but i think that any changes you make such as a new radio or new rims and such will stay so if you take something off i dont think u have to put it back. but i am not entirely sure. and ano...

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If a car is reaffirmed do further payments on the car have to be reported to CRAs by the lender after discharge or is the account closed permanently?

If you sign a reaff on the loan, then it keeps going under the old loan except for any new provisions of the reaff... so yes, all payments should be recorded.Note though: Some Buy here/Pay here places work like other debts (Mainly medical bills) and do not report the "good" (timely payments), onl...

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If you are in bankruptcy can you still purchase a new or used car?

If it is chapter 7 and has not been discharged then, no. If it is a chapter 13 then the bankruptcy filer would need the permissin of the trustee to make any major financial transactions.

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Can you get a repossessed car back by filing chapter 7 or 13 bankruptcy in Arizona?

This would be best answered by a good bankruptcy attorney who knows Arizona law.I believe no matter what you do bankruptcy or not, they will get the car, it does not wipe your credit clean.

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What happens to surrendered property in a chapter 13 bankruptcy?

It's usually sold or auctioned off by the lienholder.

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Is it possible to get financing to purchase a house and a car after filing Chapter 7 bankruptcy for the second time?

You need your Bankruptcy Chapter 7 to be discharged first before getting a loan to buy a house. Most lenders require two to four years of re-established credit before they will consider making you a loan. However, many lending sources are competing today to make loans to borrowers with less-than-...

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What happens if your car is repossessed and you are out of the country?

The same thing happens as if you lived across the street from the lender. They notify you by mail what is going to happen(court,auction,ect) and if you dont respond they proceed. No biggie.Not to my knowledge. Search in your browser for "vise + revoke".

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Will i be able to get a new car after i have dismissed my chapter 13 and where's the best place to go?

A good friend of mine was able to get a brand new truck right away after his bankruptcy was done, at Bill Pierre Ford in Seattle.

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How do you get rid of a car that is upside down?

this question is smelly :) hehehehehe

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Can you purchase another car before you file bankruptcy on another car?

sure you can, but you will loose new car when u file bankruptcy anyway.also need more than just a car payment to file bankruptcy. laws have changed to prevent people filing bankrupcy just to dodge paying there bills

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If filing Chapter 7 including a car that will not be reaffirmed should you contact the lender for a voluntary repo or wait until they contact you?

It would be simpler for all parties if you contact them and voluntarily surrendered the car at the lender's discretion. Although you do not legally have to reliquish any property until the BK is discharged.How much time do you want to buy? The court will tell you what to do if you don't contact t...

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Can you get your vehicle back after it has been repossessed?

Yes, you can. Alot of times they will work with you. They don't want your car, just your money!:)

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Can you keep your house after bankruptcy?

Many debtors have this common doubt can I keep my home after filing bankruptcy. The question for this answer is based on the factor determined by the current situation. There are two Chapters in bankruptcy legal process decides whether debtor can enjoy the full rights of having their private prop...

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How do you stop electric discharge off cars when getting out?

Just remove one of the batteri cables till next time you are going to drive.,pvdanoscar

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If you filed for chapter 13 can you purchase a new car?

While in a Chapter 13 debt repayment, the person(s) involved must have the permission of the assigned trustee before making major financial transactions. Failure to do this can result in the dismissal of the filing and/or other penalties.Not quite true. You can purchase a new car by obtaining a s...

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Can you give me the name of the form I need in order for me to be allowed to purchase a new car after I have filed for bankruptcy?

If you have filed bankruptcy, you are not going to be financing any new cars any time soon.

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Can I keep my house and car out of a bankruptcy?

You are normally allowed to keep the house you are living in and one car in a bankruptcy.

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What happens when someone who cosigned for has filed bankruptcy?

If you are talking about someone who cosigned for your loan filing bankruptcy, As long as you continue to make your payments on time, nothing will happen. If you are talking about someone you cosigned for taking bankruptcy, you may very well have to pay this loan. Contact the lender.

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