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Last edited by greengoddess; 05-21-2007, 03:22 PM. -
Not enough info to allow us to comment.
I dunno.. But I have this funny feeling that somehow your attorney is a scumbag. Don't hand over your money to him.
You have an 80's car and you can't keep it? That doesn't sound right.
You owe $30k. You don't have income. You have no asset other than an obsolete car. And you have to cough up $2-3k? That picture does not seem right.
You seem to be judgement proof. Why are you even in a hurry to file?Last edited by Spartan; 03-15-2007, 11:48 PM. -
I liked your input, could I get more?
Thank you.
~GGLast edited by greengoddess; 05-21-2007, 03:22 PM.Comment
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If you are choosing a lawyer soley on the fact that he will let you decrease the amount of your car -- I think you need to rethink things.
It does not matter WHAT the lawyer puts on that petition as the worth of your car -- its not up to him. If the lawyer is truly undervaluing the car, and the trustee catches it -- you will be in trouble, it could totally screw with the rest of the exemptions you file. And believe me -- he WILL catch it.
If you really want to keep the car, perhaps you should think of a 13.
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"I figure might as well file now since nothing could be worse than any of this"
I think you may be wrong here too -- if you are still experiencing high medical costs -- perhaps you should think about waiting, you will be responsible for anything that occurs after the date that you file. SO you could still wind up paying some medical, and if something catastrophic happens --remember it is many many years before you can file again. Things can always get worse. JMO, take it for what its worth.Comment
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A 'collectors' car, from the 80's? Hmm.
Do you have mdeical insurance? If not may care to cool it a bit- you're going to get lots more medical bills about that broken leg.....If you file too quick it may not be in your best interest. Yes- your lawyer sounds like a dirtbag.Comment
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My medical bills are covered
by my landlord's home owner's insurance since I hurt myself on his property. They are of no concern and are all being taken care of. I'm just nervous about the car situation since the one atty didn't mention anything about a 1-2 month time limit of paying the money back..
Thanks~Comment
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If you use the real value of your car and the Trustee winds up wanting money to settle your Ch 7, you may be able to buy yourself out.
The Trustee may agree to take payments over the course of 12 months. You could possibly get a 722 Redemption Loan for the difference between your Exemption and the value of the car.
There are alternatives besides going into a Ch 13. You need to discuss potential options with your attny.Filed Ch 7 - 09/06
Discharged - 12/2006
Officially Declared No Asset - 03/2007
Closed - 04/2007
I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.
Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...Comment
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greengoddess: What state do you live in? I think it would be best to check your car exemption first, before deciding anything.DISCLAIMER: I am not an attorney. My posts are not legal advice. They are for information only. Please feel free to use them in an academic sense, as I simply wish to share with you what I have learned/researched.Comment
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We don't know all the facts but based on info you have provided it sounds like you are a chapter 7. I, too was a chapter 7 no assets case. I had a mid 1990's minivan and they let me keep it. The credit card debt will go away. I just got my first post BK card (orchard). I don't even want a high credit limit, just use it for emergencies. You will probably have to pay the IRS. I still owe them. There is alot of good information on this board. Welcome.
DebtisbadComment
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