Need Advice on car

[mwesthoven]

I am just about to file a chaptere 7 on my house and decided to do my car also becuase it has issues and i am not happy with it. I can't trade it in for what i owe on it so i just want it gone. Anyways, for anyone who has filed and had their car taken, what advise do you give to me. Should i quickly go to a buy here pay here and get somethign, or see if a family member would cosign a loan for a used car or should i just make the darn car payment on what i have and keep it? I have a 13% interest rate on my car loan and i think if i got a parent to cosign maybe i could do better? please help. i didn't pay my 7/20 payment yet...

[JRScott]

Probably need to know more about your situation.

I think it is a 722 when you get a replacement vehicle that is cheaper during a bankruptcy. I'm not sure what terms you can expect though, probably not the best.

[whatamess]

I dont get that whole 722 thing at all. Take a car with a low or lower interest rate for repo, and replace it with a high interest loan on a car that may not even be mechanically sound? Am I wrong?
Maybe I dont understand it all but it sounds like a dumb move?
Please someone clarify..Ive wondered about this. I read the thread about this stuff and it still is a big ???? for me.
WAM

[mwesthoven]

I agree on the whole confusion thing with the 722. I was hoping they would just take my car (loan is about $8000 right now) and i could get something about 5 or 6,000. How long before my car is repoed anyhow? My payment was due 7/20 amd i haven't paid it yet. They call me every day to collect and i don't respond. I plan getting half the money down this week and getting the ball rolling on my ch 7...