What all happens?

[bluediamond2077]

My two kids are on Wic right now being me and my wife are living on student loans.

It's a lot of food. If the woman doesn't need formula and the baby is less then a year, it's even more food.

The thing is around here every time you go in they make you sit 3-5 hours with people that act trashy.

[Blossoms]

Thank u. I have applied for WIC last week and was approved. Every little bit helps

Great!!

[jvm]

Thank u. I have applied for WIC last week and was approved. Every little bit helps

[Blossoms]

I realize this post is a bit old, but if the OP is still checking for replies, have you applied for WIC, for the baby? Even if the baby is nursing, there are other food items you would get vouchers for, like baby cereal. And once the baby is a year old, you would get vouchers for milk, peanut butter, cereal, cheese, eggs, and possibly some other food items as well. The income limits for WIC are much higher than for food stamps.

Good luck, I hope your family is doing better or is able to get some help.

[jvm]

If you sign a reaffirmation agreement for *____________* fill in the blank, you WILL be responsible for the deficiencies. This is why most of us recommend AGAINST signing any reaffirmations.

Thanks!

One other question. My teen moved in with me in Aug, now since she wasnt living with me the past 6 months, will they include her as part of my "number in family"?

[AngelinaCat]

If you sign a reaffirmation agreement for *____________* fill in the blank, you WILL be responsible for the deficiencies. This is why most of us recommend AGAINST signing any reaffirmations.

[jvm]

As far as selling the car, I'm guessing it's value is nowhere near what is owed, so selling it yourself would be difficult or near impossible, unless you sell it at a loss and have the cash to make up the difference to the finance co, which I know you don't. I would consider voluntarily repo'ing it, if you just stop paying it, they will probably repo it by the 3rd missed payment anyway, and you will probably have a sizable deficiency after it is sold at auction, just so you know. So it's kind of 6 of one, half dozen of another, sort of. Voluntary repo will delay the phone calls for a bit.

I agree with stop paying the furniture and let them repo it. What items are included here that you can't live without, or can't inexpensively replace if you do need it that bad.

You will eventually have to deal with the deficiencies, either by filing BK or working out a settlement that maybe you can afford later, but feeding the family should come first, and it will buy you some time.

As for the kid's clothes, try resale shops, every community has at least one!

The furniture is just a livingroom set. We can totally do without that for a while.are furniture companys more likely to sue/garnish wages ? As far as clothing...way ahead of ya. We only buy clothes secondhand. When you say we will have to deal with the deficiencies later...are you saying even if we BK we still have to pay the deficiency?

[Pjmax]

As far as selling the car, I'm guessing it's value is nowhere near what is owed, so selling it yourself would be difficult or near impossible, unless you sell it at a loss and have the cash to make up the difference to the finance co, which I know you don't. I would consider voluntarily repo'ing it, if you just stop paying it, they will probably repo it by the 3rd missed payment anyway, and you will probably have a sizable deficiency after it is sold at auction, just so you know. So it's kind of 6 of one, half dozen of another, sort of. Voluntary repo will delay the phone calls for a bit.

I agree with stop paying the furniture and let them repo it. What items are included here that you can't live without, or can't inexpensively replace if you do need it that bad.

You will eventually have to deal with the deficiencies, either by filing BK or working out a settlement that maybe you can afford later, but feeding the family should come first, and it will buy you some time.

As for the kid's clothes, try resale shops, every community has at least one!

[Pjmax]

I don't want to open a discussion on religion, but you mentioned tithing as a monthly expense in your first post. I sure hope it's not 10%. If you are tithing before feeding the kids, there is something wrong there. If you feel strongly about this, maybe a talk with your minister might help?

[LadyInTheRed]

We know we have made foolish financial choices. now we just want relief. if we qualify for chpt 7 what happens? do we loose our home? I dont care about loosing the van as long as we dont still have to pay back or it wouldnt make sense to do a banckruptcy.

Most people don't lose their assets in BK unless they give up secured property because they don't want to keep making payments. So, if redemption isn't a good option, you could give up your van in bankruptcy and the debt would be discharged. Whether you can keep your home depends on how much equity you have in it and what your state's homestead exemption is. If you have too much equity in your home to keep it in a Chap 7, then you could either consider a Chap 13 or forget about bankruptcy and sell your home to pay your debts.

I suggest you stop paying on the van and furniture so you can feed your family. Let them repo both. Find some used furniture as AC suggests. Try craig's list. Set a budget that allows you to save some money and stick to it. Keep looking for babysitting jobs. Is there a church bulletin board or newsletter where you can advertise the availabilty of a stay-at-home mom to babysit? How about bulletin boards in cafes, laundromats and other public places?

You may get sued by the car lender, furniture store or credit card company. But, you also may get an opportunity to settle the debts if you've are able to save enough cash. If you can't settle or earn enough income to pay off the debt, you can file BK after you get sued. By that time, you hopefully will have learned to live within your means without using credit so you can get a good fresh start. In the meantime, do keep reading here and consult with a couple of attorneys to get a good understanding of how the process works.

[jvm]

Hi and welcome. You need more income period. You say you don't/can't work but have you maybe thought about babysitting since you are home with a baby all day anyway? One or two children can bring in $100 to $200 a week (or more depending on the area) and that would be an extra $400 to $800 a month. Or maybe something else you do either at home during the day or maybe you go to work in the evenings when hubby comes home. You do what you need to do as a family even if you cleaned offices in the evening after your hubby came home, its hard but it will get you through.

In the mean time I agree with the previous posters about reading everything you can here on the forum then read it all again. Good Luck.

ETA: I agree the van is an issue and needs to go, do some research here on the forums and seek out some similar situations that may help.

We have tried the extra work idea. Heres the thing..i dont have a drivers license (never have) plus I am a nursing mom. Also my husband leaves the house at 145pm and gets home at 230am sleeps till 1100am. So that doesnt leave anytime for me to work for him to watch the kids. I have tried seeking employment on the days hes off (sat sun mon) i put in some apps and even spoke to a distric manager...but with my availabiltiy being so narrow ...no one wants to hire me. The babysitting thing i have looked into...my friend does it..so far havent found or know anyone who needs it..

[jvm]

How upside down are you on the van?
That seems to be the crux of your problem.
Yes, you could surrender the van in bk and have no responsibility for a defeciency balance or, you could see if a 722 redemption will work as somebody suggested with the furniture.

We owe 16666.00 on the van its a 2007 odyssey. i will look into the 722 redemption..i dont fully understand so will look that up now.

[Drazil65]

Hi and welcome. You need more income period. You say you don't/can't work but have you maybe thought about babysitting since you are home with a baby all day anyway? One or two children can bring in $100 to $200 a week (or more depending on the area) and that would be an extra $400 to $800 a month. Or maybe something else you do either at home during the day or maybe you go to work in the evenings when hubby comes home. You do what you need to do as a family even if you cleaned offices in the evening after your hubby came home, its hard but it will get you through.

In the mean time I agree with the previous posters about reading everything you can here on the forum then read it all again. Good Luck.

ETA: I agree the van is an issue and needs to go, do some research here on the forums and seek out some similar situations that may help.

[keepmine]

How upside down are you on the van?
That seems to be the crux of your problem.
Yes, you could surrender the van in bk and have no responsibility for a defeciency balance or, you could see if a 722 redemption will work as somebody suggested with the furniture.

[jvm]

I would cancel everything, and have the store come and pick it back up. Meanwhile you will have a few days of wriggle room. You can make other arrangements in the meantime. And it doesn't have to be brand new. Clean and serviceable is what you want.

Now, if you do decide to keep the furniture, do NOT sign a reaffirmation agreement, otherwise there will be no point in you filing. You will still be on the hook for this debt.

Do you think the furniture store will come after us for the balance if we return it?