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AV Preeminent Peer Rated Attorneys
Fate Residents, consider several factors when selecting a lawyer ... Learn More
AV Preeminent Peer Rated Attorneys
Fate Residents, consider several factors when selecting a lawyer including their experience, expertise, and reputation. AV Rated Attorneys represent a distinguished group of lawyers who have received top ratings from their peers for their exceptional ethical standards and an A grade (4.5 or higher).

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Commonly Asked Bankruptcy Questions From Users Near You

This information is not legal advice and is not guaranteed to be correct, complete or up-to-date. It is provided for general informational purposes only. If you need legal advice you should consult a licensed attorney in your area.

Is there any possible way to keep a car when filing a chapter 7?

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Answered by attorney Kathryn Ursula Tokarska (Unclaimed Profile)
Bankruptcy lawyer at Law Offices of Kathryn Tokarska
Provided you can afford to make the payments and your equity, assuming there is any, in the car fits into one or more of 3 possible exemptions (depending on other facts) you can continue to pay & keep. There may be options such as: redemption, reaffirmation and surrender. Which one makes sense will depend on other facts not disclosed. Please don't rely on answers here in making a decision whether to file for bankruptcy. Even with the information you provided there are other considerations such as income & living expenses, perhaps there are some other assets you haven't even thought as assets, how much in medical debt you have & whether there may be a way to settle the medical debt outside of bankruptcy, etc. and other things to think about in figuring out whether filing bankruptcy makes sense for you and what results you can expect.
Provided you can afford to make the payments and your equity, assuming there is any, in the car fits into one or more of 3 possible exemptions (depending on other facts) you can continue to pay & keep. There may be options such as: redemption, reaffirmation and surrender. Which one makes sense will depend on other facts not disclosed. Please don't rely on answers here in making a decision whether to file for bankruptcy. Even with the information you provided there are other considerations such as income & living expenses, perhaps there are some other assets you haven't even thought as assets, how much in medical debt you have & whether there may be a way to settle the medical debt outside of bankruptcy, etc. and other things to think about in figuring out whether filing bankruptcy makes sense for you and what results you can expect.
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Is it too early to refinance or do we have to wait for the 10 year period?

Giovanni Orantes
Answered by attorney Giovanni Orantes (Unclaimed Profile)
Bankruptcy lawyer at Orantes Law Firm
There is nothing to prevent you from applying to refinance. You should try to refinance with all lenders, not only the same one already holding the first loan. Whether you get the refinancing will depend on how well you have re-built your credit in the four years after your bankruptcy discharge.
There is nothing to prevent you from applying to refinance. You should try to refinance with all lenders, not only the same one already holding the first loan. Whether you get the refinancing will depend on how well you have re-built your credit in the four years after your bankruptcy discharge.
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How many years does a bankrupcy stay on my credit report?

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Answered by attorney Edward M Olson (Unclaimed Profile)
Bankruptcy lawyer at Olson Law Firm
Expect that the bankruptcy will be on your credit report for at least ten years. You can apply for a new loan anytime. After one year of good credit history (all on-time payments) you should qualify for a good interest rate too.
Expect that the bankruptcy will be on your credit report for at least ten years. You can apply for a new loan anytime. After one year of good credit history (all on-time payments) you should qualify for a good interest rate too.
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