Your lender still has a right to the property if the debt is not paid.
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Does Filing Bankruptcy Clear All Debt Filing for Chapter 7 or Chapter 13 will wipe out your unsecured debt but it will not delete your secured.
If you're in debt over your new car payment do you have a second.
Is it better to file bankruptcy or pay off debt?
BEFORE FILING BANKRUPTCY Debtors will often want to pay off the debt to a favorite creditor because they have a long relationship and they were always.
If it does get liquidated that means you'll have to either surrender it or fork.
If everything goes normally in a bankruptcy case the final thing the court does is to.
When you file for Chapter 7 most of your debt can be discharged.