im in the process of buying a modular home to put on my land, i got approved but havent signed anything. im 23, i just crashed my ,000 truck, into a ,000 dodge towing a ,000 trailer. no insurance! big time restitution im guessing when i go to court. im wondering if i should get the house while my credits good, and file bankrupt on everything else afterwards. any ideas or suggestions would help
My boyfriend bought a dodge dakota a few years ago but couldn’t afford the payments so he brought the truck back to the dealership. He agrees that he owes them for all the payments that he missed and for whatever the dealership loses by selling the now depreciated truck. However, they are garnishing him for the full 26,000 he paid for the truck even though they sold the truck to somebody else. How can he stop the garnishment without filing bankruptcy? What kind of attorney will handle this kind of case? Please help! Thanks!
purchased 09 dodge vehicle with "life time warranty".what if they go bankrupt?The dealer told me the federal government will pick it up if a deal w/ fiat is not reached.
I refinanced my house through Ocwen in 2002 just before a major surgery to help with cost that I knew I would incur during the no work time. They told me one thing on the phone and when it came to signing, the paper work was nothing like what they offered me on the phone, but at the time is was only one week before surgery so I went ahead and signed. Since then I struggled and finally last year I was able to pay off my 2nd mortgage and all credit cards. The only bill left was the mortgage, since I paid off my vehicle the year before. November of last year I was in a bad car accident that totaled my vehicle. After receiving the check from the insurance company I purchased a used 2008 Dodge Advenger for 15,000 with 6,500 down on a 36 month loan. (Trying to stay debt free). Well December comes in and on the 2nd I was informed that layoffs would begin that week and sure enough two days later I got the call not to come in. This was a big surprise, since my company received records profits just the quarter before. Anyway I feel really bad, but I just cannot handle the mortgage payments anymore and I have tried everything to get the mortgage company to do something. They say I do not make enough for them to be able to help me. I am currently spending three hundred every month more than I am bringing in. My savings is now gone and starting to use credit cards again. And at this point I have a good chance of getting a job outside of Michigan, but if I do get the Obama modification I have to stay here with no hope of a job. Things just look worse at my company each month.
Will I be able to keep the car even though there is some equity in it? And can I let the house go this way with no reprecussions? I feel bad, but I also feel they took advantage of me when I was in a bad situation. And I have had the house on the market for over three years with not even a glimmer of hope. Thanks in advance for any and all advice. For those who like to talk down about people that file bankruptcy I pray you never find yourself in this situation. Current situation:
House owed 99,500 value about 105,000
Car owed 7,000 value about 15,000 (kbb)