Can I get out of my SolarCity lease by filing bankruptcy?

Declaring bankruptcy will only work if you are really bankrupt. If you have assets, they will be used to pay off any debts in a bankruptcy proceeding, so you can't easily get out of an obligation this way. read more

Declaring bankruptcy will only work if you are really bankrupt. If you have assets, they will be used to pay off any debts in a bankruptcy proceeding, so you can't easily get out of an obligation this way. And you will destroy your credit, for no good reason. Now, to your premise. read more

Filing bankruptcy in Georgia can get you out of your lease (see section 365 of the Bankruptcy Code). The only way you can be held liable in Georgia for a lease after you file for bankruptcy is if you specifically assume the lease in writing after your case is filed. If you continue to occupy the premises after filing, you may be held liable for post-petition rent. read more

Debt Snowball plan: Dave Ramsey has demonstrated to millions of people that you can get out of debt if you apply the debt snowball method. List ALL debts (excluding your mortgage) from smallest balance to largest and pay the minimum on ALL of the other debts until the smallest balance item is paid in full. read more