Hi!

We filed bankruptcy last year. It was final in October and we’ve been doing great ever since-staying on budget and living within our means, cutting expenses-we even moved to a smaller place to save money.

We let a car go into the bankruptcy..but here’s the thing. They won’t come pick it up. They said it’s not worth it to them so when I asked if they would send me the title so we can get rid of it, they said no. So, we have an unused car (we let it go because it needs like 00 in repairs and among other debt we had, this vehicle and payments were burying us financially) that is just sitting here collecting dust.

We thought about selling our paid off car (my husbands work vehicle-old..probably get maybe 00 for it) and putting the money toward fixing up the Kia Sorento and re-registering and insuring it….but we’d much rather sell it if possible but without title I think we are stuck.

I talked to our attorney and she said that there are no laws after the bankruptcy that would force the lender to release the lien and title.

Is there nothing else we can do?
Angel
Just a note…we will never be able to pay off the lien…the loan still had a balance of a little over k…no way can we pay that off…..:(

I wonder if we can "rent" it to someone…like a family member that needs a car? But then if they got in an accident we’d be liable, huh? Just trying to think of ideas….
Sorry…more details!

We live in California (Sacramento County) if that helps. I like some of those ideas (mechanic’s lien and the storage idea).

Angel

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What are the advantages and more so what are the disadvantages? I think i’m pretty up to date on the advantages, I hire a lawyer, he notifies companies I owe money, they have to write me off and can’t call anymore? Is that about right? As far as disadvantages I know it hurts your credit but so does defaulting on loans and credit cards, I owe about ,000 right now not counting my 2 car loans, and what happens with those, it won’t pay off your cars right? But it won’t hurt what you already have set up will it? I try to look stuff up online but can’t find any real help because it just pops up a bunch of debt consolodation companies and I already talked to one of those and realized it was only gonna save me about a month and stretch out what I already owe longer! Thanks for the help and ideas:)
my grandmother filed years ago and the lawyer was able to get everything written off and they kept their home and truck so I was under the understanding that maybe there are different levels or branches of bankruptcy? It is very confusing and hard to get a straight answer it seems for my particular situation, I think I may try to call a lawyer today and see if I can figure it out a little better. I went from making .00 an hr to .75 an hour because of helping a family member and my hubby makes about 0 to 00 less per week then he was making so that’s why we are in such a bad spot now, and there are no good jobs around here right now trust me I have been looking and applying for something better for over 6 months now.

Technorati Tags: bankruptcy, car loans, cars, credit cards, debt consolodation, family member, grandmother, hubby, jobs, lawyer, money, straight answer

I have a little over ,000 in credit card debt between my husband and myself on six different cards. Of those cards all of them are above 20% interest rates. The highest balance is 00. 8 ½ years ago I had to file for bankruptcy before I married my husband because of a car I was duped (very long story and this was the only thing I filed) into signing for, thus I cannot file bankruptcy. We also have 00 in hospital bills we have accumulated in the last year we are paying on sporadically when I can make payments. They were 00. I am about to have a baby in July, which means I will be on maternity leave for two months with a reduced income. We are having problems making payments on our bills now because we are overwhelmed. Prior to, financially we were doing ok, but we had some unexpected expenses come up and we previously had gotten lots of overtime at both our jobs which has been cut due to the economy. I just obtained 00 from a family member I do not have to pay back and I am having a hard time deciding where to put this money towards. A few of the doctor bills have threatened to send us to collections even though I am making payments when I can. I figure credit cards are best to put the money towards because of fees, credit report problems and interest. I have only been about 10 days late on one of the 6 cards and maybe 16 days late on another one, thus none of them show up late on my credit report. I manage to make payments, but barely. Late fees have been racking up though because I may pay a week late here and there on those two. Here are my primary questions after hearing my story…

1) Should I try to negotiate lowering my debt on the credit cards and doctor bills so I can get them paid off although I am not really showing up late on my credit report? Will they work with me if I am going to pay off the balance? I figure it is pointless to negotiate interest rates if my point is to pay it off…
2) Should I pay off the highest balance of 00, which also happens to have the highest interest rate and then put the rest towards doctor bills or the next higher interest rate card, which the balance is more than what will be left over? Or, should I put the left over money towards paying off the lower credit card amounts and the 00?
3) I have read that if I negotiate lowering my pay off amount with credit card companies then it will affect my credit and this is what I am worried about primarily. Has anyone had any experience with this?
Thank you ahead of time!!

Technorati Tags: 8 years, bankruptcy, collections, credit card debt, credit cards, credit report problems, doctor bills, economy, family member, hard time, hospital bills, interest rates, jobs, late fees, maternity, money, overtime, story 1, unexpected expenses

I was unemployed for about 4 months earlier this year. During that time my car payments as well as other payments fell behind. I have been trying to catch them up, unfortunately when I got my new job I took a massive pay cut and can no longer afford the payments. Last week my car got repo’d. I would have to come up with 00 in order to get it back as well as figure out how to manage the payments on top of my other past due bills. This has proven nearly impossible if not completely impossible. Therefore I am going to attempt to file bankruptcy. However, I am borrowing 00 from a family member to buy a 00 vehicle (like i said i live in MN and walking everywhere is very cold). But my question is this: If I do go get this car before the bankruptcy is filed, will they take and sell the car to try to pay off the debts? Or should I just put it in a friend or family members name till the bankruptcy is filed and over-with?

Technorati Tags: 4 months, bankruptcy, car payments, debts, due bills, family member, family members name, new job, repo

Well I added a family member onto two of my credit cards and now am smothered into bankruptcy. Will this person have to file bankruptcy too? Will the debt collectors go after him after I file?

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I’m 27 and started a business when I was 20. I was making over 0,000 per year when I became sick. I lost my business and owe just over 0,000 to creditors for loans that were made to the business which I personally guaranteed. Because of my illness I haven’t worked in over 4 years and haven’t paid any of my creditors either. I’ve lost my house and my car (live with a family member), my credit is terrible and all I have left is ,000 in cash. Should I try and work out a payment plan to my creditors and get a job? Or should I file bankruptcy and just start fresh (I hate the idea of being ruined for the next 10 years) I’m also considering starting another business with the money I have but am not sure how to handle my debt problem first. The first business I started with only ,000 so I have enough money to start a business and don’t need any more capital or credit to do it. Please serious advice only. Thank you.

Technorati Tags: 10 years, creditors, debt problem, family member, job, loans, money to start a business, should I file bankruptcy

A family member in NJ wants to file, but doesn’t have the money for a lawyer.

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So I’m considering filing for bankruptcy. Currently about 40K in debt, not including a house I purchased for a close family member but I don’t stay in. Tried to keep keep head above water but string after string of bad breaks has left me thinking there is no alternative. What could I expect if I do declare? would I qualify for bankruptcy? Would my financial situation be destroyed by doing this?

Technorati Tags: bad breaks, family member, filing for bankruptcy, financial situation, head above water

My mother recently inherited a sum of money from a family member that passed away this past year. She has told me that despite the inheritance she and my father will have to file for bankruptcy. She has no income and my father only get’s Social Security Disability checks in the amount of 00 a month which they currently use to keep up their home and vehicles. Can someone file for Chapter 7 bankruptcy in this situation?

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Im only 21 yrs old, just moved fom ny to atlanta in feb but i have alot of unpaid medical bills that my insurance didnt pick up that i cant afford to pay. I also had 2 credit cards when i was 18 and i maxed those out. Citibank is suing me for a loan i never received.i also have 3 different bank accts in collections due to id theft that wasnt fully investigated. and last but not least, i have a comcast bill that totaled to 00 b/c a family member used the phone to make international calls and refused to pay it and now lives out of the country. what kind of bankruptcy should i file if any?i have 1 car in my name that i pay the note on and my husband has a car that were paying the note on. Will my husband be included in this too?he has new credit but i know the link married people’s credit together. Someone advice…..please!!!!!

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