Yes, another car question....

[BillyRip]

I am $10K upside down on an '06 Mustang, $629 a mo., that I have had for about 940 days.

Atty is gong to try and squeak out a 7 on the means test, I don't think it can be down because I want to keep my rental property. If he can do it, I would make the rental property my "primary residence" for the $40K homestead exemption.

So what can I really do NOW if I don't know if I am going to get a 7 or a 13?

I don't have any money to put down, but I wouldn't mind starting over on new/certified used car with a lower payment.

Thoughts?

[JRScott]

Do you need the 629 dollars to make the chapter 7?

[BillyRip]

Do you need the 629 dollars to make the chapter 7?

Probably so... Even then, I really don't think I will get past the means test. The Atty is charging me $1200, and will not charge me more if they push me into a 13, so I guess I will hang on to it and see how things shake out.

The dealer told me they couldn't help unless it was a 7 anyhow, so we shall see.