We will be filing for bankruptcy in approximately 1 month. We've already contacted a lawyer..we haven't filed yet because of the holidays. We had our car repossessed last month and received a letter about the sale of it this past weekend. The car sold at auction for approximately $5,000 less than we owed. Is this debt considered new debt? And could be it filed under bankruptcy? Or is there a certain "age" the debt has to be to be claimed?
How old does debt have to be to file bankruptcy?
since you have not file yet yes it will be part of the bk!!!!
Reply:it has to be 90 days since you used any credit accounts and the car is not considered new debt, you can include it. each states laws are different.
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