bankruptcy leads california
If you intend to declare bankruptcy in California can a judgment survive?
You have signed an autoloan of $8,500
It was actually for a car that was at a big time scam car rental place , so the car appraised for less than $2,000
and no dealer would take it as a trade in.
If the auto finance place wants to do a writ of execution, can they do this after bankruptcy, and what exactly is involved in doing a bankruptcy yourself ?
Do you just file lawsuits for each debtor and see if they show up or what is the procedure?
The fact that the car did not run the whole time the person had it, and the person put so much $ into it to try to get it running in addition to the monthly payments for the car along with hospital bills has lead someone to want to declare bankruptcy,
*CORRECTION- NOT “CAR RENTAL” place, but “CAR DEALERSHIP” excuse me
If our car was repossessed can this stay on your credit after bakruptcy
If you file bankruptcy and get a court order, your debts are either wiped out or you are ordered to pay part of them over time. It depends on how much money you make.
If you file a “liquidation” bankruptcy that wipes out your debts, you have to return the car.
EDIT – if they repossessed the car and are trying to get a writ for difference between what they sold the car for and your loan balance, a bankruptcy will stop that.
