bankruptcy period
Has anyone bought a car before their bankruptcy filing was completed?
I am getting letters from dealerships to buy a car in the 60 day window of filing bankruptcy. They are saying that reaffirming my debt will ruin my credit because payments go unreported to the credit bureau. The dealership says I just need my lawyer to fill out a form and make a proposal. Then I will surrender my car and get a new one. The interest shouldn’t go up during this period because the bankruptcy isn’t complete. I just wondered if anyone has done this and if you can share your experience.
I have never heard of such a thing.
reaffirming your debt will ruin your credit? Doesn’t bankruptcy do that for ten years?
Kind of just sounds like the dealership just wants your car back since they doubt they will get paid for it. And giving you a new debt that won’t be covered under the bankruptcy. (will be an extra payment to make)
Personally I don’t trust car dealerships, I have been ripped off every time! paying double what the car has been worth!
The bankruptcy court will decide which debts get paid first & how your payments will be used.
Bankruptcy laws don’t protect your rights or give you a fresh start.
My sister had to file & still lost her home.
write down all your questions & make sure your lawyer answers them to your satisfaction. Make sure you go to all court hearings even if your lawyer tells you you don’t have to be there! don’t trust him to protect your rights.
It’s a stressful time for you so be aware of what is happening- don’t let others (the lawyer) have total control. He has other cases & other things on his mind . Don’t feel like a pest calling him with dumb questions- that is what you are paying him for. Keep asking the question until you fully understand the answer.
Good luck I hope everything works out in your favor.
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Moments of Despair: Suicide, Divorce, and Debt in Civil War Era North Carolina $38.31 During the Civil War era, black and white North Carolinians were forced to fundamentally reinterpret the morality of suicide, divorce, and debt as these experiences became pressing issues throughout the region and nation. In Moments of Despair, David Silkenat explores these shifting sentiments.Antebellum white North Carolinians stigmatized suicide, divorce, and debt, but the Civil War undermined t… |
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The Reconstruction of Southern Debtors: Bankruptcy After the Civil War (Studies in the Legal History of the South) $12.95 Based on a careful empirical study of nearly four thousand cases filed in three southern federal districts, this book focuses on how the Bankruptcy Act of 1867 helped shape the course and outcome of Reconstruction. Although passed by a Republican-dominated Congress that was commonly viewed as punitive toward the post–Civil War South, the Bankruptcy Act was a great benefit to southerners. In this … |
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Chitty’s Index to all the reported cases decided in the several courts of equity in England, the Privy council, and the House of lords,: With a … and bankruptcy; from the earliest period … |
