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What happens to your auto loan if you file for bankruptcy. The lender may repossess your car if you file for Chapter 7 and aren’t in good standing with your auto loan. Your vehicle won’t be ...
Taking on a car loan comes with a lot of responsibility. With Experian reporting that the 2024 average car payment for new and used cars sat at $734 and $525 per month, respectively, it's very ...
In that case, the lender has to repossess the car and get their money back. ... Whether you should get a car loan after bankruptcy depends on your unique situation. For example, you might need to ...
A Chapter 13 debtor who owns a car, but does not make loan or lease payments on it, may not take the car-ownership income allowance set forth in the Internal Revenue Service's National Standards, when calculating the means test set forth at 11 U.S.C. § 707(b). Ninth Circuit affirmed. Court membership; Chief Justice John Roberts Associate Justices
The remaining debt will probably never be repaid because, in cases such as these with the debtor having multiple loans on default, the debtor has most likely filed for Ch. 7 Bankruptcy. It is crucial, if you are a lender, to have a security agreement in collateral that you are confident is worth at least as much as the amount of the loan you ...
This is a list of Supreme Court of the United States cases in the area of bankruptcy. This list is a list solely of United States Supreme Court decisions about applying law related to bankruptcy. Not all Supreme Court decisions are ultimately influential and, as in other fields, not all important decisions are made at the Supreme Court level.
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