Forum Rules (Everyone Must Read!!!) (updated: 04/28/2015)

Welcome to the Bankruptcy Forum. Bankruptcy (BK) Forum is known as and will be referred to as BKF hereinafter. In order to ensure a long term success of our vibrant community, we have established certain rules and guidelines to which everyone must adhere to. Please take your time to carefully read our rules, before you start to participate in the community.

Things you agree to do: (BKF) users agree to use the search function before starting a new thread. This prevents duplicate discussions and allows for better organized topics.

All BKF users agree to read the sticky posts which may be available at the top of a forum page. These Sticky posts often contain valuable information. They may also outline more rules and guidelines specific for that particular forum, stickies are put in place by that forums moderator(s) or admin(s).

Things you agree not to do:

All BKF users agree not to call people names or write a post simply to make a personal attack, or get a negative reaction; this behavior is not allowed on our forum. The use of derogatory language aimed at anyone will be severely dealt with. There is no need to agree with each other, or to even like each other. However, by signing onto you agree to treat each member and guest with the respect they deserve. No threats or personal attacks will be allowed.

All BKF users agree not to discuss, engage, or encourage any behavior or activity which violates the law. Discussion of drugs, violence, murder, theft, vandalism, fraud or any other issue which could be used to help individuals break the law is strictly forbidden.

All BKF users agree not to "bump" old threads, unless there is a specific benefit to the community by doing so. But in most cases, please don't post in very old threads, instead start new threads.

All BKF users agree not to attempt/use another members account. It is against BKF rules to use any account other than your own. Impersonating another member will result in an immediate ban. It is also against the rules to open more than one account in your own name without permission from a moderator or administrator. If you have been banned for any reason, it is against the rules to open another account. If you were banned temporarily and you are caught using another account you will be banned permanently. Choosing a moniker which is similar in either sound or spelling as a moderator or administrator is strictly forbidden.

All BKF users agree not to private message any moderator, admin, or other member with questions related to their personal circumstances (Questions about the forum or issues with the forum are ok). This forum only works when members share their experience and insights with everyone.

Things you agree not to post:
All BKF users agree not to post any derogatory/racist/or sexist remarks. This includes attachments, links and all information contained within posts, signatures, and avatars, failure to comply with this rule will result in a permanent ban.

All BKF users agree not to post any copyrighted or trademarked information without the express written permission of the owner(s) / proper citation of source.

All BKF users agree not to post any real names, addresses, telephone numbers, email addresses, social security numbers, or any other personal details (their own or other people's).

All BKF users agree not to post links, pictures, attachments, videos, or the like of pornographic content, objectionable material or extreme violence, whether cartoon or real.

All BKF users agree not to use BKF for advertising purposes without a written contract between yourself/company/agent and the administration of BKF. Blatant advertising will result in a ban.

All BKF users agree not to spam the forums. Spam includes but is not limited to posting erroneous, non-relevant-useless, off-topic, or meaningless posts. Spam may also include posts which contain no text, or large areas of blank space between lines. Simply posting emoticons without text is considered spam. BKF is the largest bankruptcy message board and all the content is intended to help other users. Please help us improve the quality of our forum by making sure that your posts are well-worded, spell checked, grammatically correct and syntaxed.

Regarding actions of moderators and administrators:

The forum is no place to air out your opinion or be judgmental of our staff and its capabilities.

All BKF users agree not to abuse or mistreat moderators or administrators. It is against BKF rules to post any information regarding bans or any other action taken by a member of the moderating or administrative team. If you wish to discuss bans or warnings please do so via PM. To place a complaint against a moderator, send a PM to a super moderator. All Moderators are equal, any decision made by a moderator must be adhered to. If a moderator tells you something you do not like, do not go to another moderator looking for a different answer. If you are caught doing this you will be banned. The moderators work as a team and respect the decisions made by their peers and will help enforce them unless an administrator tells them differently.
If you have an issue with how the forum is run, then notify one of our administrator and we will look into the situation. We have in the past and still do appreciate any input that you offer this forum. But critical input and/or judgmental postings towards the staff will result in you getting banned.

Should you find a thread offensive or out of line, then notify a Mod in a PM so they can evaluate the situation and do the action deemed necessary.

All moderators do have active "other" lives outside of the forum and help moderate this forum in their spare time throughout the days and weeks.

If you have a problem with a member or Mod follow the proper channels of reporting it.

BKF reserves the right to delete any posts which contain anti-BKF comments or discussion. Any bashing of moderators or administrators, or any of their discussion or actions will also be deleted, and the responsible posting party(s) will be banned. Any public anti-BKF advertising, communication, or posts on another forum will result in permanent bans as well.

All warnings and bans are decided by individual moderators and administrators. Warnings are preferable to bans however, for serious offenses and repeat abusers bans will go into effect. The length of the bans can vary from several hours to permanent.

All messages posted or sent including through PM are the property of

All BKF users agree not to advertiser on the forum (Niether by posting, private messaging or using your signature). If you are a company/attorney/legal adviser wishing to advertise on the site or sell a product, you must contact the head administrator and inquire about our advertising packages.

All bankruptcy related opinions expressed on are those of their authors and not necessarily of BKF, its staff or representatives.

You agree not to copy any material/post/content from BKF without written permission from our head administrator .

By posting on this forum you agree to these terms and conditions, including any punishment deemed appropriate by moderators or administrators in the event of an offense.

Administrators/Moderators can change these rules at any time without prior notice.
See more
See less

Buying/Leasing a car after BK

This is a sticky topic.
  • Filter
  • Time
  • Show
Clear All
new posts

  • #76
    Originally posted by Beachlover2 View Post
    Okay, please don't think I am too crazy and sorry inadvance for being so long winded, I have a lot on mind and its been a really frustrating 3 years for us.

    We would like to dump our leased vehicle (have not made September's payment) but otherwise current. We did not sign reaffirmation agreement, our attorney told us to look around to see what our options are after our 341 in August. We have talked with a few dealers and they all suggest that we wait until after discharge. Why I don't know. We have been to the same dealer twice and actually took a few vehicles and like 2 they are both 2007's, one has 40,000 the other has 25,000 miles. Interest rate on both was 18.95% not sure of the term, with $500.00 down. Payments are roughly what we are paying on the lease. Why is it better to wait for the discharge, we are scheduled for October 18 (my wedding anniversary)

    We filed Chapter 7 since I was laid off in 2009, I was able to find another job within a few weeks, but for alot less pay. Essentially we could no longer afford the credit card payments and have not been able to pay for them for a very a long (6-8 months at least prior to filing). Our financial situation is no better since we have filed, other my phone does not ring like crazy any longer. Bottom line I need to find a better paying job roughly was I was making before I was laid off would be great I have been persistent with doing so, but nothing is happening. I recently applied for a position with my previous employer who laid me off in October 2009. Not sure how that will pan out as they do a credit check, I explained the situation to the office manager, she also knew my financial situation somewhat when I worked there (had two house payments, house finally sold, has to do short sale, etc.) and she totally understood where I was coming from, as she filed several years ago. I just hope its not held against me for the position.

    I would love to sell our house and move for something cheaper, but like everyone else no one is making squat on their houses. (I also think me all of my neighbors are nuts), but where would we go, mostly who would give us a loan. We are renting people as you don't like the home is really yours. I would not want to explain anything to our kids (6 & 10) either as well as our family members. No one in our families know we have filed, my in laws would understand my family would not, my siblings would never let hear the end of it and the jabs would be endless.

    Any comments or suggestions are greatly appreciated. Thanks for listening.
    First.....If you are filing and have the chance to get out of the car lease, get out. However.....DO NOT go and buy another one at 19% interest!!!!! You are saying in this post that you cannot really make the payments and that your financial situation is still going to be nip and tuck even after the discharge. You have to sacrifice something. Dump the house or the car but you know you can't keep it all right now. You should seriously consider dumping it all and getting a clean start, but I certainly understand wanting to hold on to the house. When you get another better paying job, then you can consider a newer car but you need to get out of a car payment for right now. It's going to mean driving a older used car for a while, but I don't really see where you have a choice.

    Second....DO NOT worry about what other people think. You would think your siblings would be supportive of you, but forget about them if they are not. Don't let other people dictate your financial future. I totally understand about the kids, mine are the exact same age but remember they will survive no matter what you decide. Just keep loving them and they will be fine. The best thing you can do for them is get yourself right now financially, so that they can go to college later. That will mean more to them than what house they lived or what kind of car you drive for a year or two while you re-group. Believe me, I was there and now we are making some serious headway towards a promising financial future.

    Whatever you decide to do......good luck and I hope it all turns out well!
    New Orleans: Home to the World Champion Saints, the biggest enviromental disaster and the biggest natural disaster in the history of this nation. Proud to call it home!


    • #77
      Anyone heard of getting a car loan restructered to fair market value after or during a BK through the same lender? I'm upside down probably about 10K on my truck and my lawyer that I only have retained right now, said he could do that. I have no idea how anything works for the BK stuff, I just know that I pretty much have to do it now that my wages are being garnished from divorce. Beginning this process I hope is the worst.


      • #78
        Cramming down a car loan can only be done in a chapter 13. In a chapter 7 you either have to reaffirm the car loan, or give the car up as is.
        You can't take a picture of this. It's already gone. ~~Nate, Six Feet Under


        • #79
          Our discharge was in 03/2009 and we bought a used car in 01/2010 and the dealer financed us thru BMW at a rate of like 14%. But we then we came home and went online and applied for a refi thru Captial One and got 8%, which dropped our pymt like $100.00/mon. Never had to make a pymt thru BMW, just thru Capital One. And last weekend we bought a used car thru CarMax and they were only offering like 11.25%, but again, we applied for a second refi thru Cap One and this time got 6.25%. They have good rates for those with credit issues including BK. Also, we found the refi rate is better than the actual original loan rate thru them. However, they will only refi/finance 30K and the terms as far as years and rate are based on the year of the vehicle as well as credit.


          Unconfigured Ad Widget