Need Reaffirmation Opinions

[caj0524]

OK... I need some thoughts from my BK friends...

My wife is filing a Chpt 7 in a couple weeks, pro-se.

I will be following with a Chpt 13 in Aug/Sept. (I know, it sounds strange, but my debts are from a previous marriage and it doesn't make sense to make payments on my new wife's debts for 5 years when we can do it this way).

Anyway, we're trying to decide if my wife should reaffirm her minivan.
It's a 2008 Toyota Sienna with 16k miles on it.
It's worth $19k.
She owes $34k. (Needed to trade in a newly bought small car when doc said she was pregnant with triplets...)
Interest is 13%.
Payments are $700/month.
She is unemployed.

Everything above screams to surrender the van.

Now the other side.

We have newborn twins (the 3rd didn't make it... *sigh*) and need a reliable, larger vehicle.
She may not be able to get another loan without employment.
My credit score is about 410, and I'm currently paying 29.9% interest on my own car. With my pending Chpt 13 I doubt that I could help in any way other than putting my income in the "other sources of income" box.

It's a bad deal to reaffirm, but if she can't get another loan... we're screwed.

I submitted a 722 redemption application, but that was a couple weeks ago and haven't heard anything back.

Thoughts?

Thanks so much in advance!

[JRScott]

722 loans are high interest.

What kind of car you have?

Long term it makes no sense to pay 34k for a vehicle worth 19k.

Would it be possible to perhaps buy a used vehicle for her, from a trade mag or local paper ad. Something that can do you through possibly the next 5 years but not a long term plan. You would need to of course be sure its value is below her bk exemption.

[StartingOver08]

This is my opinion only, get rid of the high payment cars. Don't reaffirm or otherwise carry the debt thru your BK - take advantage of your fresh start. Dump every payment you can -