Going for my retainer this week & getting things moving...had a good mtg Fri & have made decision on atty. We are looking to strip lien on 2nd mor in VA & wipe debts/unsecured outs with the BK. We are underwater in the house but hopeful to strip the 2nd lien & then continue on with the first
Was told to keep paying Mor & car payts. We have 2 vehicles, one purchased recently & have no issue with keeping outside, keep paying & keeping the car. The 2nd we haven't owned over the 910 mark so I know we can't cram down, we owe about 8K but its a good car, decent payment (210 a month) and want to keep the car. He mentioned including that in with the BK but the entire 8K would be paid back; what is the difference with including or not with this car? I was confused
My 401K, I keep paying loan & that gets paid off 3 years into the BK & he plans to include plans at that time so I can put something back into the 401 & the rest would end up going to the creditors, my payt is 560 a month on that, so I understand I can't save 560 a month to myself & not pay back any of that to the creditors, so I was glad that we can hopefully do some back to the 401 & the rest to the creditors
On timeshares, what are you getting on those? We are getting mixed reviews, with keeping/surrendering. DH wants to try to sell it outright if we can't keep, I'm thinking if we kept this long & it would be paid off close to the end of the 5 year mark anyway, why can't we just continue? Is that considered a luxury and something we should be giving back?
Was told to keep paying Mor & car payts. We have 2 vehicles, one purchased recently & have no issue with keeping outside, keep paying & keeping the car. The 2nd we haven't owned over the 910 mark so I know we can't cram down, we owe about 8K but its a good car, decent payment (210 a month) and want to keep the car. He mentioned including that in with the BK but the entire 8K would be paid back; what is the difference with including or not with this car? I was confused
My 401K, I keep paying loan & that gets paid off 3 years into the BK & he plans to include plans at that time so I can put something back into the 401 & the rest would end up going to the creditors, my payt is 560 a month on that, so I understand I can't save 560 a month to myself & not pay back any of that to the creditors, so I was glad that we can hopefully do some back to the 401 & the rest to the creditors
On timeshares, what are you getting on those? We are getting mixed reviews, with keeping/surrendering. DH wants to try to sell it outright if we can't keep, I'm thinking if we kept this long & it would be paid off close to the end of the 5 year mark anyway, why can't we just continue? Is that considered a luxury and something we should be giving back?
Comment