In Oregon.
Been in Ch 13 for a year now. What a struggle, but we are doing it.
We have 3 cars we are financing: 96 Blazer; 99 Intrepid; and 2005 F150.
Interesting note about the F150 is that when we first filed 1.5 years ago we agreed to surrender the F150, but they never have picked it up. For 6 months we had it parked in our side yard, thinking they would pick it up some time. Thye never have. We drive it rarely and never keep any personal items in it in case they come in the mikddle of the night. But that is not at issue.
Our other 2 vehicles are financed by our credit union. In fact theya re cross-collateralized, such that if we default on one we default on the two of them. So we have kept up payments. The 96 will be paid off in 4 months, at which time our BK plan payments will be increased by the amount of the payments.
Problem is, the 99 Intrepid just gave up the ghost. It suddenly started knocking and we think it is an internal part that will cost $3000 to repair. It is not in our budget.
Can I give back a car that was part of my Ch 13 agreement?
My car was being finanaced and we determined we could afford the payments, however, now that it needs repairs beyond our means we can not afford to get it fixed and need another car.
So can we discharge the debt a year after we filed Ch 13?
I know it will be difficult to find financing, but I have a brother in law who owns a car lot who can help.
Please comment on this plan: pay off the remining balance on the Blazer, about $650; let the credit union take back the Intrepid; and ask the referee to allow us to purchase a newer used vehicle with payments around $350, which would be about the same as what the two car payments are now.
We really need 2 cars and can not depend on the F150 to be around much longer. My wife and I work different shifts about 15 miles from our home.
Is this reasonable?
Been in Ch 13 for a year now. What a struggle, but we are doing it.
We have 3 cars we are financing: 96 Blazer; 99 Intrepid; and 2005 F150.
Interesting note about the F150 is that when we first filed 1.5 years ago we agreed to surrender the F150, but they never have picked it up. For 6 months we had it parked in our side yard, thinking they would pick it up some time. Thye never have. We drive it rarely and never keep any personal items in it in case they come in the mikddle of the night. But that is not at issue.
Our other 2 vehicles are financed by our credit union. In fact theya re cross-collateralized, such that if we default on one we default on the two of them. So we have kept up payments. The 96 will be paid off in 4 months, at which time our BK plan payments will be increased by the amount of the payments.
Problem is, the 99 Intrepid just gave up the ghost. It suddenly started knocking and we think it is an internal part that will cost $3000 to repair. It is not in our budget.
Can I give back a car that was part of my Ch 13 agreement?
My car was being finanaced and we determined we could afford the payments, however, now that it needs repairs beyond our means we can not afford to get it fixed and need another car.
So can we discharge the debt a year after we filed Ch 13?
I know it will be difficult to find financing, but I have a brother in law who owns a car lot who can help.
Please comment on this plan: pay off the remining balance on the Blazer, about $650; let the credit union take back the Intrepid; and ask the referee to allow us to purchase a newer used vehicle with payments around $350, which would be about the same as what the two car payments are now.
We really need 2 cars and can not depend on the F150 to be around much longer. My wife and I work different shifts about 15 miles from our home.
Is this reasonable?