Canutillo, TX Bankruptcy Law Firms & Lawyers

First, for you and anyone who reads these questions and answers, you must list all of your assets and all of your debts. Period, no exceptions. You may not pick and choose. With that being said, a Chapter 7 Trustee will be appointed in the case and will determine the value of the car, subtract the various claimed exemptions you choose and whether they are legally sufficient, subtract the amount owed on the vehicle and see if there is equity which needs to be liquidated for the benefit of the creditors in the case. So if the vehicle is worth $19,000 and only you are no the title, then the most you could claim as exempt is $6,000, but that number will certainly be less. Subtract the exempt amount from $19k and subtract the amount owed from the amount after subtracting the exemptions and you have the equity. The larger the equity, the more you have to pay the Trustee. The exemption amount will vary on other factors in your case and I cannot determine that without much more information.

Yes you can. You just have to make sure that enough years have passed. If you are filing two chapter 7's back to back, you will need to wait 8 years. A 13 following a 7 is 6 years.

Take the # of the case and the title and file a written answer or in your case, do nothing a judgment will be granted against you. I can't believe the credit card companies have such an influence, but then again, they lobby and they have money, most of which is garnered from outrageous interest rates, and tricky advertisements that trap many people.