Is it possible to get ride of something that you didnt file on your bankruptcy if a yr has passes?

Question

I filed for bankruptcy back in feb 05 b/c I was returning to school and wasnt going to be working full time anymore, and it was all finalized in aug 05. My mom told me to put my car on there but I didnt b/c I thought I would have at least a part time job. Now Im not going to be working part time, I have workstudy at school, and only work 1 hr a day, and get paid 6 bucks an hr. I want to get rid of my car so I dont have to worry about a car note, and dont want to seel it b/c it sells for around 5,000 and I owe 11,000 on it, what can I do?

Answer 1

I'm assuming this is a chapter 7 bankruptcy. You're required by law to have put everything in your bankruptcy, particularly all debts owed. The law allows you to keep a vehicle, along with the debt owed, as well as your home so you wouldn't have to worry about being without transportation.

If your bankruptcy hasn't been discharged, you should get into contact with a lawyer. If your bankruptcy has been disharged, you can do what you like with the car, but you cannot get rid of the debt via the bankruptcy. If you don't pay the payments, the lein-holder can take legal recourse against you that includes garnishment of wages.

Answer 2

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RE Is it possible to get ride of something that you didnt file on your bankruptcy if a yr has passes?

I filed for bankruptcy back in feb 05 b/c I was returning to school and wasnt going to be working full time anymore, and it was all finalized in aug 05. My mom told me to put my car on there but I didnt b/c I thought I would have at least a part time job. Now Im not going to be working part time, I have workstudy at school, and only work 1 hr a day, and get paid 6 bucks an hr. I want to get rid of my car so I dont have to worry about a car note, and dont want to seel it b/c it sells for around 5,000 and I owe 11,000 on it, what can I do?

Answer 3

it quite is silly to report for this way of little quantity, pondering this might thoroughly decimate her credit status and make it impossible to get a automobile loan or loan for some destiny years. Her student loans are *not* discharged in a financial ruin so she might certainly be doing it over in simple terms the $5000. basically the debts that she has at the instant are lined whilst she information for bankruptcies, not destiny debts and there's a wait time in the previous she might desire to report financial ruin returned - everywhere from 2-8 years counting on the place she is and precisely how she publicizes financial ruin. Will she have the skill to paintings as quickly as she's finished college? If not, she should be sensible if college is extremely quite certainly worth the debt she would be able to incur. the two way, no financial ruin criminal expert will advise submitting over this way of tiny quantity of funds.

Answer 4

Next time listen to mom. But since you already have screwed up your credit for 7 years by filing bankruptcy, why not just let the car be repossessed? all they will do is give you more bad marks on your credit, but they'll be gone about the same time the bankruptcy disappears.