If you have a car loan in a joint name with your partner and one of you declares bankruptcy would?
This depends on a number of things. If you are both on the car loan and one person filed for bankruptcy, then if you are current on the car payments and you continue to make your monthly payments and any equity in the car is protected, then you should be able to keep the car. On the other hand if you are not current on the payments and fail to continue to make the car payments after filing for bankruptcy then you are more than likely going to have the car repossessed.
If you need further information on bankruptcy you can find out information at: socaladvocates.com.
Agree with zaff, only one who will lose the right.
NO, you both can't lose that only the person who had declared bankrupt will lose his right...P Lease view my hub for more information about car loans.
When a person declares bankruptcy, they may have joint bank accounts with a divorcing spouse, unmarried partner, friend or relative. They may also have co-signed for outstanding debts such as a personal loan or a mortgage. This issue comes up often with married couples as well, as it's legally possible for one spouse to declare bankruptcy while the other spouse does not.
If you are considering filing for bankruptcy, you may be wondering whether all the money in your joint accounts could be seized by the court in a bankruptcy proceeding, including money deposited by the other co-signers on the account. You may also be wondering what happens to debts you are a co-signer to, such as a home loan. You could be worried about whether your bankruptcy filing might leave your co-signers broke or ruin your relationship with relatives or friends.
When it comes to joint accounts in bankruptcy, careful action can help preserve the funds -- and credit ratings -- of co-signers who aren't involved in the bankruptcy. Know that your joint accounts will be viewed as assets of the bankruptcy by the court -- but this does not necessarily mean all the money in those accounts can be seized by a bankruptcy trustee. If your co-signers can prove they deposited the money into the account or are the rightful owners of the funds, they should be able to keep their assets.
Establishing a clear paper trail will be important here.
I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.
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