Announcement

Collapse
No announcement yet.

User Profile

Collapse

Profile Sidebar

Collapse
Profile Picture
bcohen
Registered User
Last Activity: Today, 12:03 AM
Joined: 06-12-2010
  • Filter
  • Time
  • Show
  • Source
Clear All
new posts

  • bcohen
    replied to My life is over
    Typically, upon filing for Chapter 7 bankruptcy, a private student loan lender will "sell back" the debt to a guarantor agency for face value. The guarantor agency will then hire a servicer to send billing statements, process payments, etc. Once the account is "sold back" to the...
    See more | Go to post

    Leave a comment:


  • Also, you should be aware that even assuming a valid and enforceable "security interest" such as one would have with a car loan, you are not legally required to bring the creditor's collateral to their place of business, nor are you even obligated to set up a time for them to come pick it...
    See more | Go to post

    Leave a comment:


  • As you have just found out, the finance company DOES NOT WANT your used furniture. It would cost them MUCH, MUCH more to collect it, clean it, and auction it off than they could possibly get for it. The so-called "security interest" really only exists to scare borrowers into paying. Even...
    See more | Go to post

    Leave a comment:


  • bcohen
    replied to Exempt
    I assume she is asking "Can I exempt the portion of my tax return which is due to earned income tax credit and child tax credit?" and I am not aware of any federal law specifically granting this exemption. Therefore, the funds would have to be exempt under your state's "money in a bank...
    See more | Go to post

    Leave a comment:


  • bcohen
    replied to Reaffirm with Honda Finance?
    There is no guarantee that reaffirming will result in positive credit reporting, even if all payments are made on time. Likewise, even though there is no official "ride through" option in your state, if the lender isn't going to push the issue then it doesn't matter. It sounds like you are...
    See more | Go to post

    Leave a comment:


  • bcohen
    replied to Home Repairs.
    You are NOT required to pay for these or any other repairs/upkeep if you don't want to. The mortgage company CANNOT come after you criminally for not doing these repairs, and if the loan was discharged in bankruptcy, they CANNOT come after you financially either. Even without bankruptcy, mortgage...
    See more | Go to post

    Leave a comment:


  • $4000 can buy a pretty decent used car, or even a truck from a private seller. Then you won't have to worry about any monthly payments, interest, etc.
    See more | Go to post

    Leave a comment:


  • Yes, there are free services to assist pro-se filers. The NOLO book "How to File for Chapter 7 Bankruptcy" is an excellent resource as well. I used it successfully to file my pro-se Chapter 7 bankruptcy several years ago, and found it to be a great resource.

    Also, proceeds from...
    See more | Go to post

    Leave a comment:


  • bcohen
    replied to auto financing alternative
    It goes without saying that you should NOT put $3500 into your Chrysler 300, as the 2.7L V-6 is a known piece of ****, with many serious design defects. You should take that money, and spend about $2000 of it on an older used car, and set aside the other $1500 to pay for necessary maintenance and ...
    See more | Go to post

    Leave a comment:


  • bcohen
    replied to auto financing alternative
    I have always thought Buy Here/Pay Here dealers are predators which take advantage of poor people, and this thinly disguised attempt at advertising (albeit not for a specific dealer) hasn't changed my mind. Most BHPH dealers sell really crappy cars, for way more than they're worth, and with high-interest...
    See more | Go to post

    Leave a comment:

No activity results to display
Show More
Working...
X