assetts

[luv2bfrugal]

hello everyone,
I have an appointment day after thanksgiving to file for chapter 7. I have 3 things that I am worried about that is financed.
My computer bought in july of 2007, my tv that was bought in march of this year and my washer and dryer bought in 2007.

I need to keep these things. Can I buy them back and if so will I be able to make payments or do I have to pay in full right away. Im really worried about this. I know its just stuff but its just important that i keep my things. I am willing to pay for them. How does this work??

thank you

[PoorGrammyinBK7]

How much are they worth at fire sale or garage sale prices? You can probably exempt them, depending on what their value is (not what you paid).

Exemptions are different in different states, so what state are you in? That would help us help you.

Also, just to get started:

What is your income --- and what was it for the last 6 months?

What debts do you have?

Secured?

Unsecured?

What are your monthly expenses?

How many in family?

[luv2bfrugal]

thank you. im in ohio. i meant to put that and forgot!!
I didnt know you could exempt things that were not paid for yet. So you can??

our income is 50 thousand, family of 4, all credit card debt to the tune of 65 thousand.

I have nothing but credit card debt.

my stuff im concerned about is on a hhgregg card and best buy card

thanks for your help!!

[PoorGrammyinBK7]

Have you paid some payments on them?

[luv2bfrugal]

oh yes. a whole year on my computer and a year on washer and dryer. My tv i actually paid half cash and financed the rest. I was wondering if that made a difference??
Im just totally clueless on how this works!!

[PoorGrammyinBK7]

You can probably discharge all the CC's and keep the items.

Sorry I have to leave right now and won't be back for a couple of hours. I am not in Ohio but I am sure someone here is and knows the exemption limits, etc.

Do you rent or own your home? Thats another big question. I will try to help when I get back if you don't get answers from someone!

[luv2bfrugal]

i have to go too!! thank you soooooooo much for your help! I will be back on here tomorrow this site is so helpful.