Bill Me Later

[LimpDisc]

Anyone ever include Bill Me Later in CH7 BK?

I think this is the one creditor that will try to claim the purchases are secured. The remaining dollar amount is only $430.00 from a set of golf clubs.

[tanya0525]

Anyone ever include Bill Me Later in CH7 BK?

I think this is the one creditor that will try to claim the purchases are secured. The remaining dollar amount is only $430.00 from a set of golf clubs.

I included them. I think it was around $600. I haven't heard a peep from them. I used them to buy Christmas presents last year.

Tanya

[2manybills]

I actually forgot about them and my attorney sent them a letter and that was the end of that. Haven't heard a word since.

[LimpDisc]

Thanks. My purchase will be 5 months old at the time I file.

[Regrets]

They can have all the broken toys back if they want.

[tanya0525]

They can have all the broken toys back if they want.

I have a barbie with a shaved head and eyes poked out. I kept it set aside just in case they asked for something back

[LimpDisc]

Maybe it's the faulty golf clubs and not my game. Maybe I should hope they ask for them to be surrendered.

[ForumReader]

I have a barbie with a shaved head and eyes poked out. I kept it set aside just in case they asked for something back

OMG If my daughters saw this barbie, they would freak out. Dolls for some reason spook them.

[CityFarmer]

Yep, they are included in my chapter 7 case. As I understand, they can't claim it is secured because a "Purchase Money Security Interest" is only valid if the creditor is the same as the vendor. (At least that's the case in Minnesota according to what my attorney told me.) So even if they have that in their terms, it can't be enforced here.

Just looked up their terms and conditions and found this:

8. SECURITY INTEREST. You will not take any security interest to secure this Account.

It's unsecured. Don't worry.

[CCA1984]

Hey everyone, sorry to bring up the old post, I purchased an engagment ring for my ( now ex who left ) in October, and i plan to file in feb-march and have kept up with payments but have nothing to show forth. would it be possible to include this in my BK ch 7 ? sorry to hijack the thread

[DeadManCrawling]

You can include it.

If you do not like the ex these days, list it as an insider transfer, and the court may track them down and take the ring back. Sweet revenge

I certainly would not make further payments on it. Wasted money if you do.

[pcn]

You can include it.

If you do not like the ex these days, list it as an insider transfer, and the court may track them down and take the ring back. Sweet revenge

I SOOOO vote yes.

[CCA1984]

DMC, you are the man! Question for you though, she moved to mexico city with her family. But if i were to list it i dont want that to be looked at upon as fraud since i bought it back in october. but if i can list it as an inside transfer then yes but i dont know her address in mexico lol but that made my day thank you!

[DeadManCrawling]

Unless this is a 40k rock on a yacht of gold, I doubt anyone will be looking too hard.

To cause you any trouble the creditor would have to file an adversary proceeding, which starts at around 8k in upfront costs to them.

These AP filings can easily get to 20k dollars or more. Unlikely that they would pursue it.

Though it won't fall outside the 6 month window, I would include it as I said, and list it as an insider transfer. I would explain the true circumstances, that the former engagement went wrong, they left with the ring, last known address Mexico City. That will be the end of the matter, I imagine.

Either way, you won't be held responsible for such a thing.

If there was any fraud here, you are the victim, in my opinion. I think you or an attorney can spin it that way as well, if needed, in court.

One caveat here: Did you insure the ring against theft or loss? If so, the trustee will probably want a copy of the policy and appraisal. That, in itself, is not a problem. However, a creditor attacking in an AP could use this a few different ways. I do not believe any of that could hurt you, but if he/she ever came back to the country and tried to establish life or career, they could still receive a nasty surprise.

Best luck,

-dmc

[CCA1984]

i cant tell you enough how much this helps me. thank you for the help. I didn't have the ring appraised or insured ( should've though) The AP's sound like a pain in the @ss and i would let them know all the info. and sorry ofor the ?'s if it was outside of 6 months would i need to or more likely be looked at as an AP case ? sorry i will admit since it all went downhill ive been kinda depressed and just want to get my new start and new life on the road. thanks again for everything