First meeting with Attorney - Have some questions

[iam40]

Hello,

I will be meeting with an attorney this week. I have a couple of questions that I am hoping some of you can answer:


Has anyone on here been successful with a 2nd mortgage lien strip? I live in Arizona so if you have been successful in Arizona, I would be very interested in your experience.

I am in the process of trading an older vehicle. I will keep a 2004 vehicle which I have paid on for almost 3 years. How will the car payments work? Will the new car loan be paid outside and the old loan be crammed down and included in my chap 13 payment plan?

How strict are they on credit card purchases if done six months prior to filing? Do they even look at that? We need to get tires for a car, computer, and tv. All are necessary but we would need to purchase on a credit card. If we do that now and then file in 6 months, will they even question it?

Anyone have experience with being employed by a large credit card company and then filing chapter 13? I am afraid this could impact my employment ( i sometimes travel on a corporate card) - but this filing is absolutely necessary to get our life back on track.

Thanks for any input!! I have learned sooo much from this forum.

[optimistic1]

Yes your new car payment will be outside of plan. Your old auto loan, if more than 910 days old since last financing, here in Arizona, refinancing resets the 910 day rule unfortunately, this will be crammed down to market value and rolled into your plan.

In general the last 90 days of purchases are scrutinized, especially if they aggregate into large amounts exceeding $500 or more, last 90 days you shouldnt really charge anything to be honest.

Why dont you just stop paying on the credit cards now, and pay for those items with the cash you would have sent to the credit card companies?