InvestorsHub Logo
Followers 2
Posts 122
Boards Moderated 0
Alias Born 02/18/2010

Re: stockanalyze post# 15189

Wednesday, 10/03/2012 10:49:25 PM

Wednesday, October 03, 2012 10:49:25 PM

Post# of 111854
I have question along the lines of cts trading. i believe when you declare bankruptcy( in this example individual) you must declare all creditors/debts. But if you want to keep your car you just keep paying on it, even though it is listed as debt. So the creditor can not take the vechicle, because you are paying on it(i believe this is called reaffirming the debt), so on the other hand if you stop paying they repo it. So my question is by allowing the cts to trade they acknowledge the debt and are reaffirming it ( not cancelled or repo)? therefor must honor they prospectus. I don't know maybe I'm reaching.