 As I own the banks, do I have to continue paying my mortgage and credit cards? |
(UK): As you are probably aware, the British taxpayers have bailed out the nasty, money grubbing, rude, greedy banks.
Well, now it's payback time. As I (and you) own these filthy ... |
|
 For married couples: How do you divide money? |
| My husband and I both work, and we consider our earnings Our money, and all our accounts are joint accounts. My husband is assigned to pay the bills, and we pay current bills from the account which ... |
|
 Is there an 'expiry date' on bad debts? |
Old overdraught has somehow caught up with me? How did 'they' find me? And can I just tell them to get lost, as I think it's about 8 years old? (Oh someone please say yes!)
A... |
|
 Has anyone recieved e mails from african bank or african people? |
| claiming to have large amounts of money they will put in your bank account and when they come to my country i give them 70 per cent of it and keep 30 per cent the amounts of money are in the ... |
|
 How do I remove my name from a joint mortgage? ? |
| My husband and I are divorcing. We have a joint mortgage, but we have agreed that he will take on the mortgage and keep the house. However, he will also be responsible for clearing debts that were ... |
|
 Should I call the POLICE? |
| I just received a phone call from a bank where I just opened an account. A woman said my checking account didn't have enough money to cover a 2,000.00 check that was written. I don't have ... |
|
 Which do you use most often: cash, credit, or checks? |
I am sure those who have all of the three use the, but I want to know which one do you use most of, (or in order of most use). I have all three, but mostly never carry cash, so for me it’s:
<... |
|
 Should I get a second job? |
I make 29,000 year BEFORE taxes. So about $1,600 a month after....My car broke down and now I need a new car.
Can I even afford a car while I make this much??
I owe about $5000 in ... |
|
 How much space does $100,000 take up. Would it fit in deposit box? |
| I refuse to leave money in my checking for any length of time for the bank to ... |
|
 How do you find out if someone has opened a Swiss Bank acount? |
| I want to know if it is possible to find out if my stepmother opened a Swiss Bank acount in her name.... |
|
 I'm 25 years old and I have been given $5k. I want to be wise with this gift, how should I invest the money? |
| They money was a gift from my parents, they said that they wanted me to have part of my inheritance while I was still young. I would like to find some type of investment for the money and try not to ... |
|
|  |
Froggy | What are the chances of losing my car in a bankruptcy? |
I dated a guy for 3 years that destroyed me financially (yeah--I know...stupid). Anyway--I'm trying to put my life back together again, and I'm going to file bankruptcy because I cannot get on top of the debt load by only being able to pay minimum payments every month. Problem is...that I will also have to put my car into this bankruptcy. If I do that--I will lose my car, correct? Is there a way to appeal this? |
 |
 
Paco
 |
Actually, it depends on what type of bankruptcy you file for. If you file for chapter 7, then more than likely you will lose your car. That is where you do not pay back anything. If you file chapter 13, you will more than likely just pay the trustees and they make your payments for you. Chapter 13, you have to pay some or all of it back. I had to file bankruptcy as well and did not lose my car as I filed Chapter 13. We didn't qualify for chapter 7. Your checks will be garnished and what is garnished is sent to the "trustees" who make payments on all of your debt. Depending on the state, will determine the rules. Our timeframe for bankruptcy was set for 36 months (3 years). You just need to speak to your lawyer. Also, you will need to save up for the lawyer fee who will want it up front. We had to pay $700. All I can say is good luck and that all will eventually be well! Oh, and watch your finances from now on! =) |
|
Crazyjester9
|
If you are still paying on the car you can reaffirm the loan and continuing paying on it. If it is paid off, it will depend on any exemptions you have in your state. If it is your only mode of transportation it's likely that it would be exempt. |
|
lois r
|
Chapter 7 Bankruptcy you can lose the car Chapter 13 you can keep the car. Chapter 13 is for people who do not want to lose their homes. If you filr for Chapter 7 you may be able to work something out with the lender if you have been making the payments. |
|
Doctor Timothy
|
Yep. You're most likely going to loose your car. If I am correct, you will loose your house, and almost everything that you own. |
|
RICHARD
 |
File a Chapter 13 bankruptcy
and
Do not include the car in the bankruptcy
Actually I would keep one credti card and the car.
That way once you have completed your BK
you will still ahve credit and be able to move on with your life.
I am a special finance Manager.
GOOD LUCK
......................................... |
|
Andrew
 |
I believe you keep your car, and if you still owe on it, you may have to work out some payment in the bankruptcy paperwork. But I have never heard of them taking away your only transportation, now if you have two cards, yeah they will probably sell one. |
|
Change I can't believe in
|
Put the car in someone else's name |
|
Jeff L
 |
It depends on the car. I'd recommend asking a lawyer to assess - certain things are exempt (in terms of both debt and assets) so it's best to have a qualified professional give you a private assessment. |
|
Rosalie Hale
|
idk im only 14 lol sorry i need points i dint even read what u wrote lol but good luck |
|
Pneumonoultramicroscopicsilicovo
|
1:1 and no there is no way to appeal this. |
|
Mye
|
backruptcy is not going to take your car away from you as long as you are still paying for it and you have a good paying history...... NOW, unless you place the car into the bankruptcy then there are possiblities....
The best thing to do in regards to this is to contact a lawyer that has free consultation and see what they state... they should be able to guide you in the right way.... |
|
lola
|
you'll loose it if it is not being payed for. unless maybe one of your parents will put it under their names. |
|
CC
 |
I would think you might be able to make a deal for a lower monthly payment to keep your car. Best guess is do your research and ask a bankruptcy lawyer. Good Luck and Good for you. |
|
Girl C
|
i dont think so but if you lose your car the money you use you can pay more of and the extra money you can take the bus or bike or train |
|
voluntarheel
|
When my uncle filed for bankruptcy he lost his cars. He did get one back, though, he bought it back from the dealer...with cash, no credit. |
|
cody l
|
i dont; think they are allowed to take your home or car away, so i dont think they will take it. |
|
lil_sweetie_7
|
yah ^ what he said |
|
Kayleigh & James
|
Hey there, My parnter recently went bankrupt, we have a car which was bought for £1000 the year before, My partner declared that he needed it for work (He was un-employed at the time but was looking) He didnt get it taken off him. When you go to the bankruptsy hearing stress that you really need the car for work. It does depened on the individual case but we was quite a bit in debt and they havent taken ours, Bankruptsy sounds like such a big thing, quite scary but it seemed very straightforward to us and hasnt really effected our lifes (Other than obtaining credit, which we dont want anyway lol) Good luck! |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
18 | 39 minutes(s) ago
| | | |
4 | 2 hour(s) ago
| | | |
18 | 4 hour(s) ago
| | | |
18 | 9 hour(s) ago
| | | |
18 | 11 hour(s) ago
| | | |
17 | 2 day(s) ago
| | | |
17 | 4 day(s) ago
| | | |
20 | 6 day(s) ago
| | | |
12 | 2 week(s) ago
| | | |
4 | 1 month(s) ago
| |
|
Homepage 
Financial
Forum 
Personal Finance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
