WebIf all your property is exempt, you may qualify for a “no asset” bankruptcy. In this case, you can keep your home, your car, your pension, and more. 2. Chapter 13 bankruptcy allows you to consolidate payments to repay some or all of your debt in affordable monthly payments over a three- to five-year period. You do not have to come up with a ... WebIf you can protect the equity car with a bankruptcy exemption, you'll keep it in Chapter 7. If you can't cover the car's equity with a bankruptcy exemption, the trustee will seize it and sell it for the benefit of creditors. Many trustees will let you buy unprotected equity at a slight discount by considering sales costs and fees.
Can I File Bankruptcy and Keep My House and Car?
WebMay 16, 2024 · Chapter 7 bankruptcy allows motor vehicle accident victims to benefit from a discharge of their eligible debts. A bankruptcy discharge could allow you to eliminate credit card bills, medical bills, and other unsecured debt in as little as 3 months’ time. This process can also stop garnishments, halt repossessions, and put an end to creditor ... WebJun 7, 2024 · Equally important is whether you are making payments on the car and can … florists in williamstown ma
Can I File Bankruptcy on Credit Cards and Keep My House?
WebWhen you file for Chapter 7 while behind on your car loan, your bankruptcy lawyer can't guarantee you'll be able to keep the vehicle. So if you're hoping to avoid losing the car by asking the lender to restructure your loan in a reaffirmation agreement, you should understand the lender isn't obligated to and could decide to repossess your car ... WebApr 12, 2024 · The paperwork you should keep includes: Bankruptcy petition and schedules. Proof of income that was included with your petition. Social Security proof of income included with petition. Correspondence from bankruptcy court, your attorney and bankruptcy trustee. Final bankruptcy discharge. WebMy husband and I got married in October 2024. Last year, we filed Married-filing-seperate so his parents could claim him for 2024 (married at 18f, 17m because I was pregnant, which we had been togeather since 17 and 16). Their taxes were flagged because it said someone claimed him already and our taxes went through without a hitch. greece life expectancy male