My wife and I are going to have to file Chapter 7. Banks have foreclosed on real estate on which we owed over $1M and one of them is seeking to collect a six figure deficiency judgment. We have very few assets because we [foolishly] used our IRAs and 401Ks in a failed attempt to reach settlements on...

I am filing Chapter 7 in New York. This forum has been very helpful in this process. I have a car worth appx. $5200 based on kbb. I am married but I will be the only one filing for bankruptcy. I am the only one on the title of the car. I know NY has $2400 exemption for cars. Besides the car, I

Just found this forum and immediately signed up,lots of great info here!
My situation is 4 months into my confirmed 13,my wife and I decided to surrender my g35 coupe and try to buy an SUV that will hold the whole family. My lawyer tells me the lender has not filed a claim for the g35 and that...

Hoping you guys can help me out.

I am planning to file BK in February when my taxes come back.

My car was repossessed while I was in the middle of unloading groceries. I went back down to the car to grab the last bag as well my wallet and phone which were in the glove...

Hi all. I'm a longtime lurker and this is my first post.

My wife and I will likely be filing a joint Chapter 7 BK in Illinois before year end. We own (with no loans) 2 cars that are titled in both of our names as joint owners. They are both "clunkers", so I WAS pretty sure...

Question - we had our 341 and it went ok on 7/22. Right after that, the Trustee filed a motion to dismiss saying we were not paying all disposable income. Technically, she is right since we surrendered a car. I re-did Schedule I and J per my attorney's request since my H now has a full-time salaried...

Would we be better off renting until the dismissal (approximately $800 month) or buying a junk car for under 2K?
Stopped paying on both cars in February...Filed on May 3rd..

341 on June 10....

After 30 days or no reaffirmation in FL the stay is lifted and Citi fiancial...

Hi
I'm in California and a bank officer at my credit union (very down on BK) said I would have to reaffirm my car loan in order to keep my car.

I just got the loan modified to payments of $110/month for two years; owe $2526, and car is worth $4700 (kelley blue book).
...

Well hello again everyone,

In a nutshell: back in Oct. 08, DH & I decided to file ch 7. But to time it out right and all, we had to wait several months. Now all the paperwork is signed and our attorney should be filing our case this week. We are very anxious to get on with this...

So I need help here. my bk was discharged in august 08. I did reaffirm the car I currently have, but I stupidly misunderstood what i was doing. Now i have better credit but i can't refi because my interest rate is so crazy the car isnt worth as much. I'm trying to trade it in, but they are asking for...

I had a judgment against me for money owed to an apartment complex. I received a letter after stating I had 30 days to contact the law office and make a payment agreement. The office was contacted and I agreed to make a monthly payment and have been ever since. No payments have been missed. Yesterday...

I am relatively current on all debt, but definitely sinking (expenses > income).

Going to file, but the timing is everything. Looking at holding off for three months while I get a few things in order.

Currently driving a 12 year old rusty car with 163,000 miles on it....

At what point can I transfer title of my car that has no loan on it to my spouse in a ch 13?

Her credit is ok and mine is shot. Reason is she could use the car to buy a new one as a trade in. Not sure if the trustee will let me transfer during the plan.

Btw 100 % plan...

Hi All,

I am planning to file within the next 2-3 weeks and one question I have is about selling my one and only car.

My attorney said I should sell and/or trade in for another car, but the last thing I wanted was car payments on top of my ch 13 plan payments.
...

Filed 13 in northern district of Illinois last week. I'm married, but filed singly. Both myself and my spouse own our vehicles outright. Spouces vehicle is over 6 years old and has over 75,000 miles.

Means test shows negative, but the budget comes out to a payment of about 800 dollars...