I'm giving away my car loan but the person interested recently opened up a business and can't get the loan transferred. Is it safe to give him the car for a year (minimum requirement on his business loan until he can get approved for other loans) under affidavit? I am unable to pay the... Read more »
Good morning and thank you for using JUSTIA. The two main downfalls are that you will remain the registered owner of said vehicle and the principle debtor to the loan. This means that you are the responsable party for any damage that the vehicle causes and in the party responsable for the monthly...Read more »
The answer should be Contained in your divorce and separation agreement. You may be able to use the contempt power of the court. You’ll need to consult a bankruptcy attorney who can guide you through the technicalities involved.
Not necessarily. Depends on several factors, including equity in each and which chapter of the code you file under. In a Chapter 13 wage earner repayment plan, highly unlikely. Chapter 7 will depend, but maybe not in a 7 either.
It would if you jointly apply for credit together. Guilt by association. Best to only get credit in your name to avoid this problem. Another problem could be if she had joint debt with you when she alone filed bankruptcy. If she does file bankruptcy, check your credit a few months after her case is...Read more »
All debts must be listed; however, Student Loans are NOT Dischargable. Additionally, Student Loans are not subject to Statute of Limitations and do not require any due process. Unless, you have them forgiven (Totally Disability/Dead), or pay them, they will never go away and they do not have to...Read more »
The only bar to filing is the Means Test. If you can pass the means test (look at my other response for an in-depth explanation of the means test) then you can file. Next you should examine if you should file, by examining the amount owed and exemptions - you would hate to loose your home or...Read more »
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