If I borrowed money on a singnature loan if i can even get one,and then ended up having to file bankruptcy would that loan be tied up in it to.
2006-11-02 00:02:59 · 5 answers · asked by james c 1 in Business & Finance ➔ Credit
Information on Chapter 13 Bankrupt
Many a times you read about notices issued to the public, informing them about the bankruptcy of a certain organization or company. The intention behind making this public announcement is not to deepen the sense of shame of the person or the company, but is simply a legal obligation.
Anybody, whether a company or an individual can go bankrupt. This happens when the bankrupt person or organization
2006-11-02 23:38:14 · answer #1 · answered by sing i 2 · 0⤊ 0⤋
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RE A new signature loan,can it be filed in a chapter 13 bankruptcy?
If I borrowed money on a singnature loan if i can even get one,and then ended up having to file bankruptcy would that loan be tied up in it to.
2014-10-02 00:15:37 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If your debt percentage of your income is too high you will not be granted a signature loan. The lender can also deny the loan if they believe that granting it will cause you to go into bankruptcy even if your debt percentage isn't too high. If you do get this loan I recommend you use it to pay off your creditors.
In a Chapter 13 you can not finance anything, no credit cards, and no refinancing your own home.
2006-11-02 00:21:09 · answer #3 · answered by ModelFlyerChick 6 · 0⤊ 0⤋
Check it out on the bankrupcy rules which can be found on the internet, but I don't believe you can favor one creditor over another or include a debt just before you would file bankruptcy. To be sure, consult an attorney.
2006-11-02 00:52:22 · answer #4 · answered by itsadebtorslife 1 · 0⤊ 0⤋
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2016-12-05 11:15:51 · answer #5 · answered by ? 4 · 0⤊ 0⤋