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Personal loan default consequences

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Personal loan default consequences

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Personal loan default consequences

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Personal loan default consequences

My intensions are to file Chapter 13 with 100 payoff, so I will include these loans in the payback, and not ask for any debt discharge. I'm a little scared and only making some payments (like rent, car, food, utilities), so pretty much falling behind fast. I hope I won't go to jail for this. Thanks. Frank, in general courts don't care much about when you incur new debt unless the lender files a motion about it.

Whether this lender would do that depends on their policy (which we don't know) and how long it would be between the loan and personal loan default consequences filing. The motion would be to make that loan (or loans) non-dischargeable.

And no, you won't go do jail over it. I definitely recommend that you consult wit han experienced bankruptcy attorney in your area about your entire financial situation. my wages are being garnished if i file for bankruptcy how long will it take for them to stop taking money from my check.

Personal loan default consequences