Long story short....I purchased a 4 wheeler about 5 years ago then fell into some trouble and quit paying on it. The bill has since went from collection to collection until someone finally got a judgement on me and has just started to Garnish my wages. I have a consultation for bankruptcy on Tuesday and am looking at filing Chapter 7.
The problem is that I no longer have the 4 Wheeler. It was wrecked a Couple of years ago...eventually dismantled and never fixed. essentialy there is nothing left of it.
I know my attorney will tell me the best course of action but thats on tuesday, and i am curious now. The whole time it was in collections no one ever tried to repo it and its listed on all 3 credit bureaus under account type as revolving account....not secured account.
What will happen? will I have to reaffirm this, or will they come after personal property, or will it get wiped clean? The amount is $4800 but that includes fees from the office that got the judgement. Thanks in advance.
The problem is that I no longer have the 4 Wheeler. It was wrecked a Couple of years ago...eventually dismantled and never fixed. essentialy there is nothing left of it.
I know my attorney will tell me the best course of action but thats on tuesday, and i am curious now. The whole time it was in collections no one ever tried to repo it and its listed on all 3 credit bureaus under account type as revolving account....not secured account.
What will happen? will I have to reaffirm this, or will they come after personal property, or will it get wiped clean? The amount is $4800 but that includes fees from the office that got the judgement. Thanks in advance.
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