There is often some confusion with cosigned vehicles and a bankruptcy filing.One questioner asked me : "my ex if filing for bankruptcy and he is the co signer on my car and he wants to add that in to the bankruptcy. will they repo my car or how...
reaffirmations & rescissions in Chapter 7 bankruptcy
Question: During my BK, I reaffirmed an auto loan. However, I was told by my lawyer that I could change my mind and surrender the vehicle as long as it was done before the discharge took place. My question is, I filed the paperwork to surrender...
Bankruptcy Exemptions for retirement accounts in IL, reaffirming car lease and home
| Subject: | assets in bk |
| Question: | are both 401K's and IRA's exempt from chpt 7... |
Reaffirming a mortgage
A popular question I get is regarding being on the hook for a mortgage after bankruptcy.Here is a recent question I received:Question: I filed Chapter 7 Bankruptcy last year and managed to hold on to my home. I checked a box in the bankruptcy...
Must I list all of my debts in bankruptcy?
Recently, I received an email asking about filing a chapter 7 bankruptcy The writer asks:
"Do I choose which debts I want to include in my bankruptcy or does the trustee do this? I have a bank loan for my truck which I pay on time and I want...