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Should I make the lease payment?

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    Should I make the lease payment?

    I am probably a few weeks from declaring BK7. At first I thought I was going to assume my lease (09 M Benz C300 - $625/mo). Yes, I know its high...but I'm in SDNY, but now I am thinking that I just don't want that high payment post BK. Add to that I need tires all around, an expensive service and body work on the front bumper...it just makes sense to dump it. I was current until my last payment...due Aug 16, which I didn't make. I am debating on whether or not I should make the payment. How long will it take for DCFS to get into repo mode (end of this week I will be 2 payments behind). And if I dont get to file until October...

    #2
    Sounds like you'd better start keeping that car in the garage! Most people seem to get scooped up about 30-45 days past due, which equates to roughly the 2nd missed payment.

    Or at least don't leave anything valuable you want to keep in the car.
    filed chapter 13..confirmed...converted to chapter 7...DISCHARGED!

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