Ok, Here's what i did, Bad move? or Ok?

[TroubleinCalif]

I was originaly going to keep my vehicle, but, Decided it was just to much to keep. The car in question was costing me 775 a month and upside down on it for sure so im going to let it go. I was able to secure a new 2008 vehicle for 275 a month (Motorcycle) With gas and stuff the way it is. Will it be ok since im bettering my financial position or will it be frowned upon? Have not "Filed" yet.



Thanks.............

[JRScott]

Well its not unusual. As long as the motorcycle is your only mode of transportation I think you might can get by with it. You'd have to list both in your bk filing though, select surrender for the car (if you've not already surrendered it) and reaffirmation for the motorcycle. Then explain that it will be your primary mode of transportation. (You have to be able to get to work....)

[TroubleinCalif]

Thanks.............


Yes, its will be my only transportation.