are can you file bankruptcy on a claim-- that you are being sue from a car accident and they want what the car was worth..16,000
2007-11-12 04:43:10 · 5 answers · asked by girl19 1 in Business & Finance ➔ Personal Finance
ASKING FOR ANOTHER PERSON..
DONT JUST TO CONCLUSION LIKE...... LOLA
2007-11-12 04:58:58 · update #1
Talk to an attorney - if you are being sued, it may be best to wait until they actually have a judgment before you file.
It's not really harder - there are just more hoops to jump through. You are now required to take a pre-bankruptcy credit counseling class and a pre-discharge debtor education course. There is also a means test, which looks at your income to determine if you can file Chapter 7 (liquidation type of bankruptcy) or Chapter 13 (repayment plan type).
Is the claim from the car accident the only reason that you are considering filing? Bankruptcy does have a long-term negative impact on your credit. You may also want to consider hiring a lawyer to help you work out some kind of settlement so that you do not have to file bankruptcy.
2007-11-12 14:20:45 · answer #1 · answered by Dawn H 2 · 0⤊ 0⤋
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RE Is it really HARDER to file bankruptcy?
are can you file bankruptcy on a claim-- that you are being sue from a car accident and they want what the car was worth..16,000
2014-10-01 10:46:21 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you file bankruptcy I believe that all legal claims are paid first, so you would still have to pay it, you would just lose everything else. It doesn't make sense to file bankruptcy over a mere $16,000. You totaled someones car (didn't have insurance?) so you are responsible for replacing it or repairing it and any medical problems the other driver suffered as a result of your driving.
2007-11-12 04:52:59 · answer #3 · answered by Lola 6 · 0⤊ 0⤋
Most of us who do bankruptcies have not noticed a significant change in meeting the requirements for c, 7 bankruptcy. You can't "file bankruptcy" on one debt. All creditors have to be listed and included.
If the car accident did not involve gross negligence or intentional harm, it can be discharged along with your other unsecured debt.
2007-11-12 04:52:29 · answer #4 · answered by thylawyer 7 · 0⤊ 0⤋
Yes.It is designed to favor creditors.Even if you are flat broke they will attempt to set up some type of payment plan.
2007-11-12 04:52:14 · answer #5 · answered by Anonymous · 0⤊ 1⤋