Goofy Question-Need help!!

[rockbottom]

Okay, I need some advice. Me & my husband filed Ch. 7. We are surrendering our lease. Over miles and the wear and tear. But the problem is, my family has no idea were filing, I'm really close to my dad, he knows everything about my life, except that I'm filing. Too embarressed to tell him. He knows that we have 2 1/2 more years on our lease. We are going to buy a used car.
My question is, what do I tell him. He knows that leasing company's don't just take their cars back... Any advice....

[Genenco]

No one who is not directly involved in the BK or whatever, need know about it. If he does ask, you can say "Oh we decided this" or just say "Dad, this is personal"

If he any sort of decent person, he'll just nod and not talk about it.

[HHM]

It's your Dad...if you have a close relationship with him, why not tell him. Really, there is nothing to be embarrased about filing bankrkuptcy.

My advice would be, (1) don't lie to your dad, (2) but if its such a big deal, do as Genenco says, and just say it is personal and leave it at that.

[edwards2]

I was really close to my dad too. I would have had trouble telling him about the BK but I would also always be afraid he would find out and that would be far worse. If it were me I would be honest with him and explain why. It is not like you committed a felony; you are having to take control of your financial life through a very painful, drastic means. It isnt any of our first choices but it is for the most part, our only choice to survive. I agree with HHM - if you are that close to him he will understand and support you.

[accentone]

You might be surprised. I feel the same way, but I went on Pacer last night and found out that my own dad and my grandfather, once upon a time, also filed bankruptcy! I don't think any less of them. I'm not making any announcements in my family about this, but if they find out, so be it. We all make mistakes.

[StaciMM]

If you do decide to discuss the BK with him, keep in mind you're giving up the lease as a sound financial decision for your future. I think most parents would be proud that you could make that choice, rather than trying to hold on to what you don't need & can't afford.

Personally, I'm not discussing it w/ my parents-but they have all the stress they need right now on other topics. (My dad's medical issues, my brother's marriage issues, etc.) My parents, though, did file chapter 13 about 7-8 years ago.