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Can a car that is included in a bankruptcy be sold to a junkyard for parts?
Wiki User
∙ 18y ago
Until the case is over, you shouldn't do anything with the car without permission from the court. If you owe money on the vehicle, you have a duty to maintain insurance and make the car payments. If the trustee abandons the car back to you, you can do whatever you want with the vehicle subject to any rights the lender might have.
Wiki User
∙ 18y ago
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Riding on parts not included the price?
This question is unanswerable without more context. What thing is being sold? What parts are the "riding on" parts?
How will bankruptcy affect the sale of real estate property?
No property can be sold, transferred, refinanced, etc. while in bankruptcy without the permission of the bankruptcy court.
Should original creditor and the new creditor the account was sold to be included in bankruptcy?
Both and anyone else you can think about in the middle, because it removes any claims down the road for not providing proper notice.
What do junkyards do with the parts after scrapping the item?
Junkyards are in the business of converting and processing what items that are broken down in their lot. The parts that they break down and scrap are recycled. They are recycled depending on their value, worth, and usefulness. The parts are sold to cover the expenses of hauling, recycling, and salvaging the discarded and thrown away items that come to the junkyard everyday.
JUNKYARD IN ALABAMA?
Our services are transparent as you can check on our website the location of the vehicle from which the parts are being sold. We strive hard in making all your experiences smooth and secure with us. Looking for an old car or parts, junkyards in Alabama could be a parts goldmine for you. Our junkyards in Alabama have a huge collection of all parts, you name it you get it ranging from used auto body parts including engine parts, transmissions, and brake parts for both foreign and domestic automobiles.
If a vehicle was voluntarily surrendered and sold can collection on the difference be stopped with bankruptcy?
With new bankruptcy laws that is no longer possible. If the person files for bankruptcy and includes the vehicle they will have to pay the entire amount of the loan.
If you sold your home and did not sell for enough to pay the first and second mortgage what happens to the second mortgage lien?
Was the 2nd lien included in and discharged in your bankruptcy? If not, then that lien still encumbers the title to the property and is probably a debt you still owe.
If a bankruptcy was discharged on an account that was sold to another lender and the original creditor is marking it as a charge off should it be marked as bankruptcy by the original creditor?
Yes, this debt should have been marked as a bankruptcy by the original creditor. It cannot be changed from a bankruptcy to a discharge unless the bankruptcy did not go through.
What happens if my car is repossessed and then I file bankruptcy?
Any leftover debt from that car repossession can be put in your bankruptcy petition..so if you owed $12k and the bank sold it for $6k..then you can file bankruptcy on the remaining $6k.
Can a company buy back its assets after bankruptcy?
Sold is sold...so if the new owner wants to sell, sure..ut there is no right to.
Can a collector who bought your account from the creditor be awarded a lawsuit judgment if the debt was included in your bankruptcy?
There is something amiss here, a debt that is discharged in bankruptcy is no longer collectible. Therefore a lawsuit could not be filed and won nor a judgment awarded to the plaintiff pertaining to such a debt. The involved party should contact the attorney that handled the bankruptcy and have the judgment voided if it is indeed invalid. It would be advisable to acertain if the debt was discharged rather than excluded from the bankruptcy or perhaps sold previous to the filing of the petition.
Can I file for Bankruptcy after a short sale of your home?
What does selling my home have to do with your filing bankruptcy? If it was your home you sold short, assuming an arm's-length sale to a 3d party with no fraud or deception, you should not have a problem with filing bankruptcy.
