bankruptcy liquidations
Car repossession/bankruptcy question?
I am the co-owner of a car.
My mother is the First on the CO/Title.
My parents are also filing bankruptcy, most likely going to be chapter 7 (liquidation of assets).
Can they take my car even though I am and have made all the payments? and what if they file chapter 11?
BTW, the car is a 2008.
I am second owner on the title and have never missed or been late on a payment.
the reason i put the car in my mothers name is for insurance. If it was under my insurance it would have cost close to 500 a month. Under hers it is a little over 100 a month. gotta love NJ.
also, I wont be able to get a loan because I am currently unemployed.- our family has been hit hard by this recession.
If you’re parents have contacted a bankruptcy attorney and you are the co signor of the loan, and have been making the payments on time, their chapter 7 filing will default as your being the responsible party for payment. If the courts require, they may need to sign a re affirmation agreement if they qualify for a chapter 7 and you would agree to continue to pay per the norm. Their attorney would be the best advise as they will see all of their information and who owes what to who. Either a chapter 7 or a chapter 13 (chapter 11 is for businesses), both allow you to maintain loans only set up differently thru the courts. You can consult more information on bankruptcy issues at their official website at www.usbankruptcy.gov Good Luck!
|
|
Fool’s Gold (Full-Screen Edition) $1.99 A new clue to the whereabouts of a lost treasure rekindles a married couples sense of adventure — and their estranged romance. Studio: Warner Home Video Release Date: 08/19/2008 Starring: Matthew Mcconaughey Donald Sutherland Rating: Pg13… |
|
|
Bankruptcy for Consumers $34.95 Bankruptcy is not a dirty word… it is a federally approved way in which honest people who are overloaded with debt may get out from under those obligations and have a fresh new start by wiping out (“discharging”) most, if not all of their debts. With proper counseling, they can still retain many, if not all, of their belongings.If your Bankruptcy is properly prepared by an experienced profession… |
|
|
Distressed Investing Leaders Forum 2009 DVD Video Package $199.00 After a couple of turbulent years in the financial markets, distressed investing practitioners are getting ready for an onslaught of distressed financial and real estate assets to come to the market. Indeed, record numbers of companies are struggling as a result of the financial crisis and global downturn, and the shock waves created by unprecedented bankruptcies like General Motors are being felt… |
|
|
The Art of M&A, Fourth Edition: A Merger Acquisition Buyout Guide $61.98 Authoritative and completely up-to-date, the Fourth Edition of The Art of M&A is an unsurpassed, one-stop guide to every facet of mergers and acquisitions that enables you to make winning deals with complete confidence. This definitive resource retains its popular Q&A format, offering quick access to all the changes that have occurred in the field since the merger wave of the 1990s. T… |
|
|
J.K. Lasser’s The New Bankruptcy Law and You $1.99 A comprehensive guide to the new bankruptcy law–and what it means for youSweeping changes to U.S. bankruptcy law–the first major changes to the law in twenty- seven years–are occurring right now. If you’re unfamiliar with the new bankruptcy law and how it could affect you, this book will quickly get you up to speed. While J.K. Lasser’s The New Bankruptcy Law and You thoroughly covers this lates… |
|
|
Victorian Insolvency: Bankruptcy, Imprisonment for Debt, and Company Winding-up in Nineteenth-Century England (Oxford Historical Monographs) $128.41 In this first legal and financial history of bankruptcy in nineteenth-century England, V. Markham Lester offers a full statistical analysis and detailed account of bankruptcy, imprisonment for debt, and company winding-up, and traces the decline in the level of insolvency towards the end of the century. His scholarly and detailed analysis demonstrates the validity of the Victorians’ notion that fi… |
