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Bankruptcy after car repo
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Slp     Reply with quote
Can l file bankruptcy after my car got repo?
Dont     Reply with quote
Yes, Depending on what chapter you file. If you file 13 you probably will have to pay the balance of what your owing the car company. Chapter 7 you will write the dept off.
Emilio     Reply with quote
Yes but, unless you have a substantial amount of Debt, it will be hard to do.
A few (3 or more) years ago, bush passed a Law making it HARDER to Declare B'kcy!
Strong     Reply with quote
Yes. Might as well do it now and get it out of the way. l am sure you're already aware of the shambles the repo left your credit in. They will both fall off after 7 years.

Prepare yourself to pay cash for everything over the next 7 years. Make sure you've already got a bank and checking account. It may be difficult to get one right after bankruptcy.
Coach     Reply with quote
yeah, l would file a chapter 7 though..
Kim     Reply with quote
Absolutely. You should wait and see what the financing institution does first. They may not sue you for the deficiency and you can just keep on truckin'. No reason to rush into bankruptcy.
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