Rec’d a discharge last year and I just got a letter from a towing company in an old repossession who is trying to collect on a charge. I did not know the charge existed and therefore did not include them in the bankruptcy. Do I have to pay them? I called the attorney who said our relationship ended with the discharge and he would have to charge for more assistance! Gee, thanks.
Any help is appreciated.
I am now a stay home mom due to having two children with a rare disease and due to daycare costs. I would be working just to pay daycare, so my husband is the only income we have now. We have ALOT of medical bills that we were barely paying off before when we had 2 incomes. We also have some credit cards that need to be paid. We also pay on a repossession and we have a judgment for a credit card that we used to have. In plain words we have alot of debt and we don’t really have to means to even pay it off. i have 2 school loans that I have put off repaying. It really seems like bankruptcy is our only option and I have accepted this but I wanted to know if anyone has any other ideas?
Ok,I’m 25 and I just got a 04 Pontiac Grand Prix with 112,109 miles on it,for ,000 but got slammed with a 21% interest rate. I tried before hand to get a lender/bank/credit union going in but No one would fiance me because I have 540 credit score. I had to take the deal because the truck I had was a gas hog and was falling apart and I need a way to get to work, so I sold that to get the down payment for the Pontiac.Here the issue,I have had it for 3 months and I have no problem paying the car note(1-a month) but when the economy shot 2 year ago and my job gave pick slips to me and hundred of people,unfortunately I had lost my home and voluntary returned a 02 Monte Carlo to the bank.As you may know now I have a for-closer and an repossession on my credit which is the reason for the low score. I currently have had a job now for the past two years so I making it even tho it get ruff at times with other things like college and apartment bills. I cant find any lender on the net to refinance a car with that many miles and it doest help that my credit score is so low. I was told that since I’m still young I should file bankruptcy to clear my dept and start over now. The only issue I have is I want to keep the car I just got but is there a way in the bankruptcy that I can keep the car and get the lender/bank to lower the interest rate so I can keep it?Or do I have to give it back or keep it out of the filing altogether? I’m a perfect example of bad thing happening to good people because I held a job all life and payed bills on time but you know what the say "sh** happens" Please provide me with some good meaningful advice .on what the best possible decision Thanks!!!
My boyfriend lost his job and I co-signed for him but now we canno afford his payment. We don’t want to file bankruptcy or have a repossession on our credit. Ibhve really good credit and I’m freaking out. Does any one know of any programs in California or anythingwe can do or try?
LET ME MAKE THIS VERY CLEAR! I’m not depending on the state or anyone else to bail me out! And it makes no difference to co sign to someone your married to. Dovorce is on the rise honey! My bf and I have been together 6 years, have both kept the same jobs for the bast 8 years for me and 9 years for him. LIFE HAPPENS and he got laid off!
He’s already done enough damage…Too much to write down…I am getting him credit for paying for the other car and some other things…Just to help me stay in the game…But he took our brand new car and is not even paying the notes and is driving it around with no insurance…When it comes time…And he will…File bankruptcy because he already has one repossession on his report…If he files bankruptcy on this car we have together…How will this affect me?…Will I have to sign something before he can do the bankruptcy thing?
My husband is 21, unfortunately he has made some horrible decisions in his life regarding money. He is now considered ‘high risk’ by EVERY loan company you can think of, including the NO CREDIT BAD CREDIT NO PROBLEM people, lol. Now his (not mine, my name is not on it, and please remember, I just recently became his wife!) car is up for repossession. He leaves for basic in January, and that will solve many of our money problems. However, we NEED this car, myself and my daughter, while he is in basic and up until that time. How long will it take them to come get it? And the real question I am asking is–with his credit being this horrible, and owing all this money that’s so terribly behind, should he just file bankruptcy?? I know it will freeze the repo and we can at least keep the car. He is only 21, I know that is young, but his credit report is four pages long–of crap he still owes. Would it be better to start over even with a bankruptcy? (my credit is good.)
That is–keep the car for an undetermined amount of time. His mother (imagine that, the apple doesn’t fall far from the tree) filed bankruptcy earlier this year and drove her truck for free for over six months.
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.
Also, is it possible to go to jail for not appearing in court for a lawsuit filed from a repossession in 2002?