Q: Need to file bankruptcy had one car repossessed and another up for repo now. Also many other debts.
We owe a lot on both cars. I also have tax debt, student loan debt, credit card debt, medical bills and collection companies. What can bankruptcy do for me in terms of clearing these debts and allowing me to get the one car back and keep both cars?
A: You should act very quickly to file becore the car you wish to keep is sold by the creditor via auction. Tax debt can be dischargeable but there are certain requirements that must be met. Student loan debt is not normally dischargeable unless you can prove undue hardship, which is very difficult to show. The credit card and medical is dischargeable in bankruptcy. Act quickly because you might just be able to get that car back.
David Luther Woodward agrees with this answer
I agree with Mr. Sheppard.
You need to see a bankruptcy lawyer ASAP. Time is not on your side.
It is not possible to specific advice on a web page like this, but bring your lawyer's attention to the Rosenberg case arises in the Southern District of New York/Poughkeepsie with regard to the student loan issue.
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