Bankruptcy Filing Tips

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In Chapter 7 bankruptcy GA can have a second car payment?

Tell him not to voluntary repo a car financed, do I have Chapter 7 in the coming months. If I buy a car for the money (cheap car) can take (you must have a car)? I report my car now, so buy a car for $ 500 can be considered that for a Chapter 7 or should I save it for someone else? Bart M. .. You should not borrow the money anyway. My new motto, if you can not pay cash, Can not means. By the way, your credit score does not determine if God lets you in heaven. My credit is good before God.

Although BK is a Federal process each state has its own set of exemptions. For motor vehicles that are authorized $ 3,500, except in the General Assembly also provided that your car unless well. What ever does not try to hide by putting the name of another person. As you said that "must have a car." The trustee will ask what you do for a car. If the numbers you paid cash, but put in another name that will have serious problems and could be charged with fraud. Now, it takes 2-3 months to Repository car. If you go to apply for Chapter 7 in the coming months, it might be better to simply stop paying on the car and add it to BK. Then simply turn as part of bankruptcy. Just keep in mind that bankruptcy can be a complicated process and you should consult a lawyer before you decide to do something.

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