Need opinions on what to do.....

[tylerann]

Ok, we were told the other day by the attorney that we would have 30 months left on the chapter 13 unless we surrendered our vehicle, which is a full size (gas guzzler) SUV, with over 200,000 miles on it now. If we do that we would have approximately 7 pyments left. My concern is that if we do that would it show as as a repossession on our credit or just part of the bankruptcy?

What would you do? The vehicle is pretty much on it's last legs.

This is what the National Data Center has so far listed:

Date Petition Filed 12/29/2004
Date Plan Filed 1/7/2005
First 341 Meeting Date 2/16/2005
Date Case Confirmed 3/16/2005
Date Case Closed N/A

[SinkingFast]

Generally speaking, vehicles surrendered in BK don't show as a repo on your Credit Reports.

Personally,.......... If you can make due for transportation until you complete your Ch 13 Plan Payments, I'd surrender the car and get out early.

Very few of us have had any trouble getting a car post Discharge. And the rates haven't been atrocious either.