I have been thinking bout filing for BK for a couple of years. I just got served for a lawsuit for a car that was reposessed about 3 years ago. I owe about $10k. What is the best way to make sure I don't get a default and then have to deal with it?

File BK before the time runs out to answer,...

Hello,

Has anyone here had any experience with including an auto financed through Credit Acceptance, in a Chapter 7 bankruptcy? My husband and I just filed a Chapter 7 on October 27th. We are surrendering our vehicle in the bankruptcy. We took a terrible deal on it (out of desperation)...

Our main business is already in the process of bankruptcy and has been shut down. We had a car that was in the company name and we voluntarily turned it in (felt it wasn't right to keep a high end car while business going under) We thought we were doing the right thing. Turns out my husband signed a...

Let's say you let do a voulntary repo on your car... How long does it take to get financing for another one? How does one buy another car?

Hello All,

Here is my question. my BK was discharged on 12/28/10, I checked my credit scores today and it shows 620, 563,655.

Included in the BK was a repo for a car i co-signed for and of course the my friend defaulted on the loan it was repo'd and sold last year....

I am new here, but this looked like the place to get some very good answers, so here goes.....We filed a Chapter 7 and just received our discharge. We were going to file a Chapter 13 until I lost my job. Just prior to losing my job we purchased one item on our NFM card. We were (very mistakenly as...

Hi all!

Our vehicle got repossessed in August of this year and we just received a letter that it was sold and that our creditor's attorney plans on suing us for the deficiency balance ($3087) The vehicle was included in BK, but we signed a reaffirmation agreement.

In our...

I am sorry if this has been gone over before, but I cant find it. I am Ch7, no asset, 341 Nov 15th.
Ford filed for a motion for relief from stay, on a car that was repo'd already. One of the things says" Required Statement to Accompany All Motions To Modify Stay".

#1....

Today is sunday and I was served with papers for a debt on a truck that was repoed....I cant pay the debt and they want that plus court fees???

What do I do now???

Any suggestions would be helpful

Thank you

I am in the midst of loosing my rental property to a short sale or foreclosure and eventually I will go BK. The home has a 1st and a HELOC. I've stopped paying the 1st but am still paying the HELOC. The main reason i'm still paying the HELOC is that the lender also holds the note to my truck (i have...

My wife and I just received our Chapter 7 discharge last month in state of GA. We have a vehicle financed through Honda that we did not reaffirm and did a ride through. We are way upside down but kept it as we felt it was our best option for a reliable vehicle.

My wife's parents are...

My bk filed a month ago and the meeting with the trustee was last week. They plan to take my vehicle (value ~ $22,000) which was purchased from a family member who currently holds the title and owned it free and clear. This will leave me without a car, and owing $20K+ to the family member.
...

My vehicle is financed through Santander Consumer Loans and they said if I didn't make a payment today (6/3) they will commence with repossession efforts. I'm at 68 days right now, I thought they couldn't do anything until 90 days. Advice/suggestions??

Thank you.

How long after filing does it take to be able to get financing for a car again?
My husband and I are filing Chapter 13 and I own an 06 Honda Odyssey (paid for---well on our house!!) My husband is upside down on his BMW about 6K. He owes 22K. He's worried about Suncoast repo-ing his car because...

My wife is meeting with an attorney to file Chapter 13 to stop a repo (just one reason why) - but we're unsure what might happen:

She got both the cars a while back on her credit (my credit blows):

One is a lease that is up in July 2010 ($550 mo)
the other is a Toyota...