Bankruptcy Fact Or Fiction Personal Bankruptcy

If you fail to FULLY disclose ALL of YOUR debts, you can be held CRIMINALLY liable, and the bankruptcy will NOT be approved by the trustee. If you file on 20 credit cards, and withhold on even 1 credit card, you are inviting BIG trouble. I would advise you NOT to do what you're proposing. The court and the trustee will find you out. They pull your credit, and some creditors that get stiffed, rat you out!

Yes, the new car can be discharged in bankruptcy.

Or, you can reaffirm the debt and keep the car.

Anyone can FILE bankruptcy.

Not everyone who files, gets all of their debts discharged, however.

In the end, it is up to the trustee and the judge.

Yes, some of the above is possible.

In fact, it ALL may be possible.

But, ALL of it isn't LEGAL!!!!

Do NOT believe everything people tell you!!!

 

I question whether your income qualifies you for discharge.