Tag: chapter 7 bankruptcy Archive
Will My Vehicle Be Repossessed When I File for Chapter 7 Bankruptcy?
Many consumers who are considering filing for bankruptcy have the same question regarding a possible bankruptcy and auto loan, “Can my car get repossessed when I file for Chapter 7 bankruptcy?” The simple answer is yes; your car loan lender can get the court’s permission to repossess your vehicle during ...
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When Does it Make Sense to Delay Filing for Bankruptcy?
Many will tell you that you should never delay filing for bankruptcy and the logic behind this type of statement makes sense. If you know that you are buried in an amount of debt that you can’t conceivably recover from, delaying can only mean that the mountain of debt will ...
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Declaring Bankruptcy: What Property Can I Keep?
When filing a Chapter 7 bankruptcy, filers are allowed to keep all property that is classified as exempt from the claims of their creditors. Every filer should check with their bankruptcy attorney to verify the specific exemptions in their state before filing so they aren’t surprised by the details. Individuals ...
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