Thread: Is Credit Card Debt the same as....

an unsecured signature loan from a bank? Im currently about two weeks away from filing Bankruptcy and was wondering if I could throw in this loan I have with this bank that is an unsecured, signature loan? Will the bankruptcy wipe that out as well? My car was repo'ed, and the bank gave me an unsecured sig. loan to pay back the difference owed to them, and ive been paying on it recently, but just started wondering if my bankruptcy would wipe that out as well? Anyone know? thanks..........

Chapter 7 will wipe out any unsecured creditors.

Oh, ok, will it take care of a $5 check I bounced 6 months ago? IF not, how do I take care of such a measly thing? Im cant even believed it happened.........but it did........how do I go about remedying that? Im just trying to get everything back in order..........Once my Chap 7 is final how long typically with a good track record, is it before I can buy any kind of car?

How do I get that Repo off of my credit report? They repo'd it NOT for non-payment, but for a stupid fluke reason I didnt even know about in the fine print of my loan papers.........so how can I go about getting that off my credit report?

They repo'd it NOT for non-payment, but for a stupid fluke reason I didnt even know about in the fine print of my loan papers.........


That's interesting! What happened exactly?

Yes, you can get rid of that loan. If the Trustee doesn't like the circumstances of the loan, he could void it, but then he goes after the company that got paid for the repo for the money, not you.

If you have any accounts with that bank, you should close them before filing, though. Banks have been known to take money out of checking and savings accounts for this kind of thing, and while you could (with some legal expenses) get that back, why put yourself in the position of risking it.

I've read where you can include bounced checks in a BK, but have also read if you do that it is he** to open a bank account afterwards.

Just my .02

I'm still curious...how many times have you heard about a REPO that didn't involve a non-payment? My gut instinct tells me that the bank found out about a misrep or a lie on the application. What the heck else is there?

What happened?

I had my truck for sale at a local consignment lot. the loan officer that gave me the loan, drove by and saw it for sale there on that lot. She called me, asked me where my truck was, if it was in my posession, and then asked if the guy that owned the lot had the keys. I honestly told her it was on that lot, for sale, and that that guy had a set of keys to it, given to him by me, to show it in case anyone wanted to look at it. The loan officer then told me that was a direct violation of my loan papers, (it being in the posession of someone else not legally allowed to posess it) and that it was a risk to the bank's asset having it there in that situation. So she said they were reposessing their property and that I would hear from them at a later date..........thats BS if you ask me.........all my $$$ is out of that bank.......just $5 left in a savings account.........

Originally posted by jlynn
I've read where you can include bounced checks in a BK, but have also read if you do that it is he** to open a bank account afterwards.

Just my .02

yea, its for such a measly amount id like to take care of it and be done with it and am not sure how.........