Bankruptcy & Car Loans: Reaffirmation and Co-Signer Risk
Debtors facing bankruptcy must decide whether to keep or surrender their car and understand co-borrower and co-signer liabilities.
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Debtors facing bankruptcy must decide whether to keep or surrender their car and understand co-borrower and co-signer liabilities.
Read MoreDomestic support obligations, like alimony and child support, are not dischargeable in bankruptcy. They have priority.
Read MoreHailey’s joint ownership of her boyfriend’s car in Georgia complicates her options for bankruptcy filing.
Read MoreRite Aid bankruptcy spurs closures in California. Bankruptcies surged in 2023; expect more filings in 2024.
Read MoreThe Biden administration cancels $5 billion in student loans for 74,000 borrowers, including teachers, nurses, and firefighters.
Read MoreEven with an LLC, filing for business bankruptcy may require personal bankruptcy. Chapter 7 or 11 is possible.
Read MoreBankruptcy can complicate divorces, affecting debt responsibility and credit reports. Federal law trumps state law.
Read MoreFiling for bankruptcy? Keep your car but understand car loans, equity, and reaffirmation agreements for cosigners.
Read MoreStruggling with credit after foreclosure, I used personal loans to rebuild and improve my credit score.
Read MoreCraig from Naples, Florida inquires about the best option for his wife: debt consolidation or bankruptcy. Considering her ongoing medical treatments and substantial medical bills, bankruptcy may be the more suitable choice. Bankruptcy eligibility, dischargeable debts, and individual circumstances should be evaluated with the assistance of a local attorney for personalized advice.
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