Legal Question in Bankruptcy in Georgia

do i need to file bankrupt?

after 6 years at the same job, i got laid off. my car payment is 655.17 and i have no funds coming in? i've never filed bankrupt, but do i need to on my vehicle and if i do will the bank come get it or what or do i call my bank and tell them i can't pay for it amymore and let them garnish my wages whenever i do get a job?


Asked on 12/01/08, 10:40 pm

2 Answers from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: do i need to file bankrupt?

You do not file for bankruptcy "on" a particular debt. You file because of your overall situation. Bankruptcy also does not relieve you of the obligation to make payments on the car, unless you plan on not keeping it.

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Answered on 12/02/08, 3:54 am
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Re: do i need to file bankrupt?

Calling the bank for a voluntary repo is probably the most disasterous decision most people could make in such a case. Talk to a bankruptcy lawyer to know your options. If you're in metro Atlanta, call me to discuss details.

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Answered on 12/01/08, 10:42 pm


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