[I moved your question here, dbryant. It's against our forum rules to post to inactive threads as you did originally, so in the future please start a new thread to ask questions like this. -lrprn]
Here my deal, i figured adding it to this thread would be my best bet. I purchased a dirt bike about a year ago, way before we knew we were filing, and still owe about $6,500 on it. kbb.com says it's worth about $5k retail. I planned on re-affirming it, but now am having 2nd thoughts. my payment is going to skyrocket in about 18 months. From what i read here, even if i do re-affrim the bike, that it may still be sold to B&A, or another collections place? if so, they may plan a reduced buy-out? I am now thinking of including it in the BK, and letting them re-negotiate a buy-out, or just take it away.
Am i right in thinking i should just re-affirm, and think that i will be able to get a buy-out for less?
Here my deal, i figured adding it to this thread would be my best bet. I purchased a dirt bike about a year ago, way before we knew we were filing, and still owe about $6,500 on it. kbb.com says it's worth about $5k retail. I planned on re-affirming it, but now am having 2nd thoughts. my payment is going to skyrocket in about 18 months. From what i read here, even if i do re-affrim the bike, that it may still be sold to B&A, or another collections place? if so, they may plan a reduced buy-out? I am now thinking of including it in the BK, and letting them re-negotiate a buy-out, or just take it away.
Am i right in thinking i should just re-affirm, and think that i will be able to get a buy-out for less?
Comment