How does personal bankruptcy affect a cosigner?

Bankruptcy does not get rid of debt, it releases the personal liability for the bankrupt for the debt. Therefore, in any bankruptcy case that the...

I filed Ch. 13 in 1996. I am getting ready to file again. Do I have to tell the trustee being that it was so long ago?

You need to talk to your attorney as soon as possible and disclose this information. Remember, you signed that filed petition with the federal...

Is the law that you wait seven years after filing or discharge to file again for chapter 7. We filed ch 7 11/29/01 and dc 4/9/02

The statutory time limits between filing chapter 7 petitions is 8 years. You would need to wait until sometime after 4/9/2010 to file another...

If you have a first and a second mortgage and file a bankruptcy, do you have to reaffirm with both of them?

Even with the reaffirmation, you still have the same problem. In order to save a secured asset, like your house, you have to be able to pay for it...

I am a merchant who will be going bankrupt within the next 2 months and was thinking about taking out a merchant cash advance...

What you're talking about is fraud, and if you do this you could not only be looking at a non-dischargeable debt, but could even see a federal...

Is the car totaled, as in completely wrecked? Why would you redeem a car that you no longer have possession of? Simply include the car on your...

Car redemption in chapter 7

First off, the lender has no say in the matter. It is a legal right to reaffirm or redeem. Second, be VERY wary of redemption. Most of these...

I went to court to convert chapter 13 to 7 and was granted a discharge for 5-26-09now the trustee is trying to dismiss my case

Is the trustee trying to dismiss the case, or trying to revoke your discharge? You would not have a dismissal AFTER a discharge had been entered,...

It's not private info. Bankruptcy filings are public court documents.

If i reinstate a chapter13 bankruptcy can i get the truck back that was repo'd a day after is was closed.

You can try and call the lender, but it may cost a good deal to try and get the truck back. They will likely require towing fees, storage fees, and...