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Can you include payday loans in Chapter 7 bankruptcy in California and if so how long do the loan have to be in default becfore you can include it?
Wiki User
∙ 14y ago
yes you can aslong as it 's under $1150.00 if over need to wait 60 day !@!@!!
Wiki User
∙ 14y ago
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Do you have to declare bankruptcy if you default on your mortgage?
No. If you default on your mortgage the lender will take possession of the property by foreclosure. Whether you file bankruptcy is an unrelated issue.No. If you default on your mortgage the lender will take possession of the property by foreclosure. Whether you file bankruptcy is an unrelated issue.No. If you default on your mortgage the lender will take possession of the property by foreclosure. Whether you file bankruptcy is an unrelated issue.No. If you default on your mortgage the lender will take possession of the property by foreclosure. Whether you file bankruptcy is an unrelated issue.
Will bankruptcy payment be lowered when house payment is out of default?
Yes. in support with your bankruptcy lawyers experts.
After bankruptcy can you get financial aid?
Yes, as long as you are not in default on your student loans that you may have.
I filed chap 13 bankruptcy which did not include your home or car only credit cards and the both your mortgage co and your home equity line of credit were frozen can they do this?
You're really supposed to include ALL your debt in a bankruptcy, especially Chapter 13; you can get by with current month-to-month bills (utilities, etc.), but not mortgages. Most mortgages (including HELOCs) consider bankruptcy itself to be a default, so generally the answer is yes. You need to have your attorney bring the mortgage and HELOC into your plan.
What happens to the cosigner if you are in chp 7 bankruptcy and you default on your car loan?
If you default on your loan, the cosigner is stuck with paying it off. If your credit had been any good in the first place, you would not have needed a cosigner.
Can the debtor file for bankruptcy after a creditor is awarded a default judgment because the debtor did not make a court appearance?
Yes, most judgments can be discharged in a chapter 7 bankruptcy.
What will happen where Chapter 13 bankruptcy is dismissed due to default in payments?
Many people are unable to maintain the rigid repayment plans (and strict budget) that go along with Chapter 13 bankruptcy. One option is to switch to Chapter 7 bankruptcy. This can be done (one time) without court approval, although if you ever wish to switch back to Chapter 13 then the court will be involved. Before switching I would recommend looking at the different characteristics of each type of bankruptcy.
Do you have to declare bankruptcy if you default on your mortgage?
No. If you default on your mortgage the lender will take possession of the property by foreclosure. Whether you file bankruptcy is an unrelated issue.No. If you default on your mortgage the lender will take possession of the property by foreclosure. Whether you file bankruptcy is an unrelated issue.No. If you default on your mortgage the lender will take possession of the property by foreclosure. Whether you file bankruptcy is an unrelated issue.No. If you default on your mortgage the lender will take possession of the property by foreclosure. Whether you file bankruptcy is an unrelated issue.
Will bankruptcy payment be lowered when house payment is out of default?
Yes. in support with your bankruptcy lawyers experts.
Filing a Chapter 7 with 2 payments owing on your car how long do you have in getting it current before the creditor can take it if you plan on curing the default 30 days after filing?
When you file a Chapter 7 bankruptcy, you have the option to keep your home and 1 vehicle. If you are able to make the last 2 payments on the car, you can keep it and not include it in the bankruptcy.
Can you file for chapter 7 bankruptcy after a bankruptcy default?
If have you have a prior bankruptcy default, there may be certain restrictions on future chapter 7 filing. If you have been discharged in a Chapter 12 or Chapter 13 bankruptcy by paying at least 70% of the unsecured debts, you must wait for 6 years before filing a Chapter 7. If your Chapter 7 was dismissed and you file another Chapter 7 within 1 year, then the automatic stay will terminate within 30 days unless you demonstrate that your prior Chapter 7 filing was made in good faith. You must wait for 180 days if your bankruptcy petition was dismissed for failure to comply with a court order or was dismissed on your request to be eligible to file a Chapter 7 petition once again. Legal Disclaimer: The answer above should not be relied upon as legal advice. The information provided above is based on insufficient facts and only speaks to a general opinion based on those insufficient facts. No warranty is provided that the answer is correct. No attorney-client relationship has been formed with me until a signed written contract is complete. For an official opinion, it is advised you seek legal counsel.
Can you file for bankruptcy and not default on a title loan?
Yes. With the lender's permission, you can reaffirm the loan at the time your bankruptcy is executed.
After bankruptcy can you get financial aid?
Yes, as long as you are not in default on your student loans that you may have.
How can you save your house if it was used as collatera o a business that is in default and you are filling bankruptcy?
Talk to a local experienced bankruptcy lawyer. If there is equity in the house after deducting the payoff on the first mortgage and any priority liens, you should not have a problem. If there is equity, it gets more complicated, but you may be able to keep the house with a Chapter 13.
Can they repocess a car if you file bankruptcy?
Bankruptcy filing does not stop a car repossession. The contract you entered into most likely gives the lender the right to reclaim possession of the vehicle if you default on the terms. Depending on the bankruptcy chapter (7 or 13), you may either a) Have to pay the deficit over time, chapter 13 or b) have the deficit forgiven, chapter 7. The deficit is the difference between what you owe (+ repossession and disposition fees) on the vehicle and what it brought at auction. The lender is required to get maximum value for the car at sale. Genrally, courts have held that wholesale value satisfies this requirement. Therefore, the deficit is likely to be quite large.
Can a cosigner put the debt that they cosigned for under bankruptcy to release them from the debt if the debt is not in default?
Yes.
What is mean by 2nd pari passu charge?
Parri Passu charge in terms of finance is equal charge on borrower, especially incase of default/bankruptcy Parri Passu charge in terms of finance is equal charge on borrower, especially incase of default/bankruptcy
