In 2001, we signed a deal with an auto consignment dealer that they would sell our 2000 Pontiac Grand Am for 250, which they did later that year. However, about a week after they sold it, they declared bankruptcy themselves, which left quite a few car owners pretty ticked. In all, I believe they had sold 60-70 automobiles, kept the money, and then filed bankruptcy. So basically no one got paid after they had sold their cars for them. My husband and I had a loan for the car through GMAC, which we continued to pay while it was at the consignment dealer. However, after the car was sold and we realized we were not going to receive any money, we realized that we would not be able to afford to pay GMAC 000 for a car we did not have (this was why we were selling in the first place). So our loan defaulted and we were forced to file bankruptcy in 2005. Our case was closed and all debts discharged on July 29 of 2005. Today, I just finally received word from the trustee of the consignment dealer’s bankruptcy case, stating that we should get 0 out of the settlement (about 6% of the 250 they owed us). Now my question is ths: what do I do when we get the check? Is it supposed to go to GMAC or have they written this off as closed since the bankruptcy was closed? I am going to try to call our bankruptcy lawyer in the morning, but if I remember correctly, he’s somewhat hard to get ahold of, so I thought I would check to see if anyone knew on here. Thank you so much for any help you have.

Technorati Tags: ahold, auto consignment, automobiles, bankruptcy case, bankruptcy lawyer, car owners, cars, debts, gmac, grand am, money, pontiac, pontiac grand am, trustee

I mean your credit will be horrible either way and it will stay on there 7-10 years. But the difference I can see is you don’t have to say you filed bankruptcy and you don’t have to pay a lawyer. And quite honestly if you are going bankrupt, how the hell are you going to pay for a lawyer anyways?! Well I don’t even know, so please give me your feedback…THANX!
well let me clarify the situation…it is a business that will be going bankrupt not me personally. and In Texas they CANNOT mess with your homestead or cars..so I know I don’t have to worry about that…

Technorati Tags: 10 years, bankruptcy, cars, hell, homestead, lawyer

I would like to know if my husband should file a complaint to the Labor Department, because of his boss… abusive behaviour; until a year ago… his boss was paying him a salary that was of $ 800.00 at the beguining to $ 1,000 dollars weekly, actually, this fixed salary was on for ten years, and now the boss…simply decided to stop paying this ‘fixed’ salary (currently 1,000 per week) blaming the national financial crisis, and put my husban on ‘commision’ for the cars he is able to fix…. in a week, the problem is some times he gives a car only 100 dollars of labor.. or only 20 hours of labor, and do not show the insurance company stimates on the cars, … and my husband ends up working the whole week (more than 40 hours) plus the saturdays too!.. just to earn 350.00 dollars!!! we are getting in bankruptcy soon because of this, this is a loss of more than 600.00 dollars… per week, and we can’t go on like this; the truth is he is working the same an even more hours… but he earns only 350.00 or 400.00 every week! this is after the change in the payment method from a fixed salary to ‘comission’, and I think it was a way of stealing his money!!. My husband is getting old and the boss is trying to abuse him by stealing him the money of salary. Besides the boss (mananger of car repai shop) blames the financial crisis for this change.. but he employed more people! and work production seems the same.. no less. My husband have been working in there for almost 14 years. My question is: Could he ’sue’ his boss… for discrimination, I think this discrimination is because of course my husband is not as young as he was when he started in this job of car repair technnician. He is certified technician… has to paid to his certification classes every year, and pays by himself a lot for tools.. and earning 350.00 per week is absurd!~… he hasen’t leave because first we want to know his rights.. but don’t know where to go. Also the boss cancelled his vacation week and said to him won’t paid the one vacation week.. my husband for many many years …usually had. No medical insurance. Nothing. WHere can he complaint??? can he sue his boss for abusively….. changing the conditions of payment and vacations?.
Thank Judith, yes I know he should start looking for a new job, the point is does he still have any rights to claim something legally.. despite there is not contract at all… I mean because we have civil rights I guess.. he has been discriminated because his age, he is not as young as 14 years ago when he started in that job… so of course he is not as productive as when younger. He never agree to the change of method of payment, he is pist off they cancelled his salary…. how can a company do this?.. there are not civil rights for employees?

Technorati Tags: abusive behaviour, bankruptcy, boss, car repair, cars, certification classes, discrimination, financial crisis, husban, insurance, insurance company, job, labor department, mananger, money, salary, saturdays, stimates, truth

I am in over my head in debt. Every month I have to "borrow" at least 0 extra dollars just to pay my bills. My husband and I recently separated. He left me to take care of all the bills. Currently I am a 4th grade teacher and make about ,000 a year. Every debt is in my name (including a car that I got in my name for him, that he now refuses to pay for because someone else put another car in their name for him–his sister). He didn’t have a job at the time, so most of the major stuff that we have gotten was in my name when we got married.

I am probably about ,000 in debt with credit cards; ,000 in student loans; 00 in personal loans; ,000 in car payments (2 cars–1 is almost paid for).

I have no extra income other than the child support (5 a month for 2 small babies that I raise alone). I use the child support on them instead of on me or bills because that is what it is for.

Am I an idiot for trying to pay all these bills off monthly and have no money extra to buy groceries and gas???Should I just file bankruptcy?
That is all you get in MS for 2 kids based on his income and he has a pretty decent factory job (around here that is the best you’ll get with no degree).

I don’t own a home. I rent. Yes he ran up the cards by refusing to give me money to pay the bills, so I had to use the cards.

Technorati Tags: bankruptcy, car payments, cars, child support, credit cards, extra income, factory job, grade teacher, groceries, money, personal loans, small babies, student loans

Would it be more beneficial to file for bankruptcy if you’re in over your head and owe a good chunk of change or stick it out and in time and years get things paid off little by little. Which looks better when applying for life items such as Cars, houses, etc.
And in the long run, which will a company trying to finance you see as the better option?
I guess I’m looking for pros and cons for both options.
Thanks!
Thanks, yeah still in the early 20’s.

Technorati Tags: bankruptcy, cars, chunk, pros and cons

Thinking of filing bankruptcy but not sure how to determine Chapt 7 vs Chapt 13. Most importantly we want to keep our home and cars. We have credit card debt that we cannot keep up with anymore. Talked to a credit agency and they suggested contacting a lawyer to explore this as an option. We are in Jefferson County Missouri. I need to find a lawyer to answer some questions. Any suggestions?

Technorati Tags: cars, chapt, credit card debt, filing bankruptcy, jefferson county missouri, lawyer

I cannot find work and I have over 20K in credit card debt. What will happen to the cars I own if I file for chapter 7 bankruptcy? They are my only assets. I will be filing in the state of California. I am single and a non home owner.
I have had my 73 bronco for sell for almost a year now. No one is buying. What would that mean?

Technorati Tags: 20k, assets, bronco, cars, chapter 7 bankruptcy, credit card debt, state of california

We live in Washington. We own a home that has 95K in equity – but we owe the IRS about 85K. We have gone through the pre bankruptcy counseling and they say we HAVE to file – because we are in the hole 6K per month (long story – I owned a business and got very ill). My income is commission only – and I don’t have commissions coming in which is why I need to file Pro Se’. Basically – do I let the trustee sell my house? Do I need an attorney to make sure the taxes are discharged (they have been owing for over 3 years and over 2 years since I’ve filed – and also the 3rd rule I’ve passed too) because that would be horrible to walk away without them discharged. I have 2 cars I want to give back. If I file now – how long can i live in the home and when do I need to surrender the cars ? I don’t want to milk the system – I just want to find a place to live and have enough time to earn a commission (should be 30 days away)
They may have changed the rules – but I know you can do it pro se. The reason I would even try is I used to be a creditor rep that goes to court and I reviewed every petition to find fraud. I know most things – it’s just the tax lien stuff and the sale of the home I don’t. My attorney wants 00 up front. It is so embarrassing – I used to make K per week – and now I’m reduced to not being able to pay an attorney. Life goes on.

Technorati Tags: 3 years, 6k, bankruptcy, cars, commissions, counseling, creditor, fraud, irs, petition, tax lien, trustee

Every since I lost my job last 8/27/08, I lost both my cars I have a tax lien do to the fact when I was working I was paying the IRS that I owe now each time I go on a job interview a credit report is pulled which means I don’t get the job because of credit issues I don’t want to file bankruptcy who should I talk to about this matter I did get a offer for a job no credit report was pulled on me this job pays only .00 what should I do

Technorati Tags: bankruptcy, cars, credit issues, credit report, irs, job interview, tax lien

I am in over my head in debt. Every month I have to "borrow" at least 0 extra dollars just to pay my bills. My husband and I recently separated. He left me to take care of all the bills. Currently I am a 4th grade teacher and make about ,000 a year. That would be a great salary if I didn’t have to pay every cent to a bill collector.

Every debt is in my name (including a car that I got in my name for him, that he now refuses to pay for because someone else put another car in their name for him–his sister). I already had a car of my own. Now I have two. He didn’t have a job at the time, so most of the major stuff that we have gotten was in my name when we got married.

I am probably about ,000 in debt with credit cards; ,000 in student loans–I know you can’t put them on bankruptcy…I plan to pay them and go back to school next summer; 00 in personal loans; ,000 in car payments (2 cars–1 is almost paid for).

I have no extra income other than the child support (5 a month for 2 small babies that I raise alone). I use the child support on them instead of on me or bills because that is what it is for.

Am I an idiot for trying to pay all these bills off monthly and have no money extra to buy groceries and gas???Should I just file bankruptcy?

Technorati Tags: bankruptcy, bill collector, car payments, cars, child support, credit cards, extra income, grade teacher, groceries, job, money, personal loans, salary, small babies, student loans

Okay i recently got into a car accident that totaled my car. And im now looking for another car but if i want to say get a chevy. Is it going to be hard to find parts for my car in the future or what is going to happen? advice on cars will be good to thank youuu

Technorati Tags: car accident, cars, chevy

I am going to file a chapter 7 bankruptcy, and I will surrender my cars. I am up to date with both payments, but will not make March 1st payments on them. When should I expect to surrender them to the banks?

Technorati Tags: banks, cars, chapter 7 bankruptcy

Got laid off and cannot afford to pay mortgages. I have 1st home refinanced and cashed out ,000 3 years ago when all was still good. Total balance left is ,000 First home is only under my name which was rented out.

Then we bought a bigger house 2 yrs ago at the peak of housing and Our 2nd home was under my name and my wife this time which became our primary residence which was also foreclosed recently. Balance owed on 2nd mortgage is ,000 was not paid during the auction (purchase loan not refinanced). Both 2nd mortage lenders are now asking for payment on the deficit. I have around ,000 credit card debt also. My questions are;

1) Will any of the 2 2nd mortgage lender be able file judgement against me here in California for garnishment?

2) Considering the concerns above, would it be better to file for bankruptcy? We do not have any car loans as 2 cars is fully paid.

3) If bankruptcy is an option, should I file on my own only considering it is only I who’s on the 1st home 2nd loan which was refinanced and only I who is owing all the ,000 credit card debt? Or is it better for us to BOTH file?

4) Will we be issud a 1099 for tax on those deficit? Are those not going to be forgiven?

5) If we don’t file for bankruptcy what is the advantage considering we have forclosed homes on our record? I noticed all our credit card limit are getting lower and lower every month bec. of the foreclosure.

I appreciate all the help I need in this difficult times. thank you!!

Technorati Tags: 3 years, auction purchase, bankruptcy, bec, car loans, cars, credit card debt, credit card limit, difficult times, forclosed homes, foreclosure, garnishment, judgement, mortage lenders, mortgage lender, mortgages, purchase loan

I am in over my head in debt. Every month I have to "borrow" at least 0 extra dollars just to pay my bills. My husband and I recently separated. He left me to take care of all the bills. Currently I am a 4th grade teacher and make about ,000 a year. That would be a great salary if I didn’t have to pay every cent to a bill collector.

Every debt is in my name (including a car that I got in my name for him, that he now refuses to pay for because someone else put another car in their name for him–his sister). I already had a car of my own. Now I have two. He didn’t have a job at the time, so most of the major stuff that we have gotten was in my name when we got married.

I am probably about ,000 in debt with credit cards; ,000 in student loans–I know you can’t put them on bankruptcy…I plan to pay them and go back to school next summer; 00 in personal loans; ,000 in car payments (2 cars–1 is almost paid for).

I have no extra income other than the child support (5 a month for 2 small babies that I raise alone). I use the child support on them instead of on me or bills because that is what it is for.

Am I an idiot for trying to pay all these bills off monthly and have no money extra to buy groceries and gas???Should I just file bankruptcy?

Technorati Tags: bankruptcy, bill collector, car payments, cars, child support, credit cards, extra income, grade teacher, groceries, job, money, personal loans, salary, small babies, student loans

I was told by a lawyer that I am judgment proof. I am ,000 in credit card debt. One of my cars is owned by my boyfriend who makes the payment but it is in my name. What will happen to his car if I file for bankruptcy?

Technorati Tags: bankruptcy, cars, credit card debt, judgment proof, lawyer

I found this intresting tidbit while doing some research online…
Repossession of Property: Not just phone calls and unfriendly visits, filing for bankruptcy will help you get back any property (including cars) that the creditor may have repossessed. (Provided the property has not been sold!)
from http://www.bankruptcyhome.com/creditandbankruptcy.htm

my car was reposessed about 2 weeks ago and is just now going up for sale. If I file for bankruptcy is it really possible to get my car back before its sold. I believe filing would require the bank to put a hold on the sale.

Technorati Tags: cars, creditor, filing for bankruptcy, phone calls, repossession, tidbit

and he hasn’t responded to our calls or emails on questions about our status. I am a little worried. Meanwhile my car was repossessed and they are looking for my husbands, what should I do? I could of used the money we paid him to pay on our cars, but we are filing chapter 11 to get one payment per month for all of our debts.

Technorati Tags: cars, debts, filing chapter 11, money

Could they take your money out of your bank account when you have debts and collection agency always looking for you? I am planning on filing bankruptcy but I will need to have money for other things like attorney and money to live. Does anybody of you know if after a while those debts if you don’t file bankruptcy they go into your w4 ?
Then you’ll find yourself owing money to the IRS through the franchise tax board. I saw it in a movie and is worrying me. I thought at the very least they can take what you own, like cars. houses, or anything in your propriety , but I never heard that, IRS or whoever, can take actually money out of your account…
I heard they can take money out of your paycheck.Yes,even giving you bench warrants like they did to me, when is court fines or law-legated debts.
But actually withdrew money from your account I never heard of it…please if you know anything about it let me know otherwise I have to be careful to put my rescue money in a bank account

Technorati Tags: bench, cars, court fines, debts, filing bankruptcy, franchise tax board, irs, owing money, paycheck, propriety, w4, warrants

With a bankruptcy they could get rid of all pension plans and health benefits to retirees, and pay current employees a much more reasonable wage. They could then produce cars that people want and can afford.

Technorati Tags: bankruptcy, cars, health benefits, pension plans

I am about ,000 or so in debt right now. ,000 of it is from medical bills from an emergency surgery I had to have (I had insurance to cover the surgery but they only paid 10% and now I’m stuck with the medical bills from it and NO way to pay them). I’m working full time but am currently switching to part time because I just recently had a baby and need to be able to stay home some of the time with him to cut costs on babysitting. I don’t care tht the bankruptcy will be on my credit for 10 years….it will take me that long to pay off the medical bills at the rate I can afford to pay them now…I also have diabetes and my prescriptions cost a TON a month…it’s impossible for me to work part time (or even full time for that matter) and even survive at this rate. I need to get an apartment for my son and I and just can’t do it with the amount of bills I owe. Is there a minimum amount of money you must owe before filing bankruptcy? Will I be able to keep my car?
I have one of the cheapest cars you can buy (Chevy Cavalier) and it is 2002. Someone suggested I sell it and get a crappy car for now…I can NOT do that. I must have a solid, secure car to make sure I have a way to and from work and also to have transportation to my son’s docs appintments. I need to keep my current car and my interest rate on my loan is locked and VERY low (3.4%). This car is great…but if I file bankruptcy will I lose it?
I don’t WANT to send my son to a childcare center. They are dirty and nasty. His father and myself will be watching him. And I AM working full time right now thank you. I can NOT afford the debt I owe either way….

Technorati Tags: 10 years, amount of money, apartment, cars, chevy cavalier, childcare center, crappy car, diabetes, docs, emergency surgery, filing bankruptcy, full time, i don t care, insurance, interest rate, medical bills, part time, prescriptions