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

If one is no longer paying their

  • Filter
  • Time
  • Show
Clear All
new posts

  • If one is no longer paying their

    mortgage, and can't afford it, do you somehow indicate that on a loan application for a car?

  • #2
    Well, I'm not even sure how you would indicate on a loan-application that you can no longer afford your mortgage. I've yet to see a loan-application with the question "can you afford your mortgage?" so as a result, you are not required to indicate that and unless you want to be denied, you certainly don't put that on your application.

    If your mortgage has been discharged, you are not required to pay it and therefore, are not required to mention your mortgage-payment on your application, either. If you are asked for your housing-expenses, you can say that as of right now, you only have to pay the utilities and are planning to move in the future to a cheaper rental.

    Now, if your mortgage has not been discharged, it might not matter what you indicate and what your intentions about paying your mortgage are. They are going to use the numbers on your credit report and figure out if they can approve a loan based on your income and your other monthly responsibilities - including your current mortgage.
    Filed CH7 9/24/2010, 341 on 10/28/2010, Disch.&Closed: 1/6/2011. FICO EX: 9/2: 672.
    FICO EQ: pre-filing: 573, After BK Public Record: 568, 10/3: 673.
    FICO TU: pre-filing: 589, After BK Public Record: 563, 9/2: 706.


    • #3
      I'm trying to figure out how to say this gently. You are trying to apply for a loan, and basically want to tell the lender that you can't pay the bills you already have. And in addition, you have a dismissed BK on your report. I think if you could find a lender to look past that, it would be at a ridiculous rate. I know you are desperate for a car right now, but until you get your finances squared away, you should consider a cash car, buy here pay here, etc. You can find some decent cars for under $2000 that could last you a year or two.


      • #4
        i'm with Pj and IBroke on this as well. first, if you apply to get a car loan they will see on your credit report that you are behind on your mortgage and your credit is bad, therefore one of two things will happen. one being the answer to the loan is NO or two, the answer is YES at 25% or some ridiculously high interest rate.

        i agree with Pj, get a car that you can pay for as opposed to worry about. if you last you a year or two your credit will be good enough to get a newer more reliable car. best of luck to you!
        8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! and all are welcome to bk forum's Florida State Questions and Answers on BK


        • #5
          Thank you for your candid answers. Don't understand why I haven't been told the same by my lawyer.
          Mortgage payment is much, much more than a car payment will be.
          Last edited by howdidithappen; 09-03-2013, 04:06 PM.


          • #6
            Possibly, if you can wait for your BK to reopen and you get a discharge, you can get an auto loan, it still might be kinda high, but you can always refinance once your credit improves. Maybe your lawyer was talking about a car loan AFTER discharge?


            • #7
              No, lawyer was not taking about a car after discharge. I am disabled - live no where near any public transportation. My disabled son also lives with me. No family close by either.


              • #8
                Look, I hate to be blunt, but if your mortgage is in default, then I don't think you're going to be able to get a car loan in the usual way. Once the BK is discharged, sure. But while in default, with a dismissed BK... I'm afraid it's not promising.

                The good news, as I mentioned in another thread of yours, is that I consider New Jersey to be one of the best places in the world to buy a used car. If you can scrape up 2K, you should be able to get something decent, especially if you're able to drive standard shift. Standard shift cars tend to have much lower resale values because the majority of drivers nowadays don't know how to drive stick.

                There also are cars that just aren't popular because of reasons having nothing to do with their reliability, and others that have a reputation for lasting forever. For example, I often recommend a 1998-era Honda Civic with the 1.6 engine to new drivers or the seriously broke. Those things just run forever. Subarus from the late 1990's into the early 2,000's can also be had on the cheap, and the 2.5-liter flat four engine is famous for its reliability. Saturns from the late 1990's through 2004 also were pretty reliable, and their plastic bodies don't rust.

                You really need to be thinking on the older side of used, maybe with not the best body and an interior that's seen better days, but in good mechanical condition and with a reputation for reliability. You also need someone who's car savvy to go with you for the inspection and test-drive. Hell, if I still lived in New Jersey, I'd volunteer.

                My point is that there are plenty of cheap, serviceable cars on used car lots and Craigs list. But you need to know something about cars to find one.

                Another option is to call or visit a new car dealer, ask to speak to the General Manager, and explain your position. Lay it on thick, maybe shed a tear or two... and then ask him / her to do you a favor and keep their eyes open for a really cheap, reliable trade-in for you. New car dealers take vehicles in trade. Some of those vehicles run okay, but are not in the best cosmetic condition. The dealers want to get them off their lots, so they sell them at auction, sometimes at a loss. But if they know you're down on your luck and looking for cheap transportation, some dealers will call you first if they have a car they think might meet your needs.

                I really feel for you because I've been in your situation. I used to need a car for work, so not having one was a real crisis. But you have to be realistic. You're not a good credit risk right now, so you're going to have to lower your standards. Think reliable, not pretty.

                And again, try to find someone who knows cars to help you out with this, preferably someone who has an OBD2 reader (or better yet, a professional OBD2 scanner) and knows how to use it, in addition to not being afraid to get his or her hands dirty. (Maybe a student from a local automotive tech school, for example.)

                Last edited by RichM; 09-04-2013, 08:20 PM.
                Filed Chapter 7: 8/24/2010. Discharged: 12/01/2010
                Member and Exalted Grand Master: American Sarcasm Society (A.S.S.).


                Unconfigured Ad Widget