My wife and i are in a chapter 13 and have a truck lease that is complete in july. We are two years into a five year plan with our bankruptcy. My father has an older truck that he is willing to give me to use in order for us to save some money. I have a few questions regarding auto payoffs and lease returns.
1. When the truck is turned in will the money payed toward the lease be dispersed back to the creditors if i do not buy another vehicle?
2. My wifes van is also getting close to being paid off this year and she intends on keeping it. Will that payment also be given back to the courts to be dispersed?
3. What is my best option? If i take my dads old truck 6 months down the road it may need repairs and getting the courts to give us any more is not likely. My truck needed ball joints to the tune of $800 last year and our attorney asked us to ask our parents who did help but cannot continually. Pls help our budget is too tight.
1. When the truck is turned in will the money payed toward the lease be dispersed back to the creditors if i do not buy another vehicle?
2. My wifes van is also getting close to being paid off this year and she intends on keeping it. Will that payment also be given back to the courts to be dispersed?
3. What is my best option? If i take my dads old truck 6 months down the road it may need repairs and getting the courts to give us any more is not likely. My truck needed ball joints to the tune of $800 last year and our attorney asked us to ask our parents who did help but cannot continually. Pls help our budget is too tight.
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