Had my appointment today with the 2nd attorney.
On August 18, 2009 I had to replace my 2002 Ford Explorer with 90,000 miles on it. Bought a 2008 Ford Escape because the Explorer was becoming unreliable. That leaves me with my other car being a 2004 Mazda RX8 that's upside down about $7,000 or so. Depending on where you get the actual car value.
I asked the Attorney if I could by a 3rd car with me filing chapter 7 on December 8, 2009. I won't get a decent APR if I wait to buy after filing. The plan would be for me to keep the two newly purchased cars and surrender the Mazda RX8 that I am upside down on. I would only be increasing my debt by $100 with the 2 newer cars. He said this would not be a problem at all. He actually kind of looked at me as if it were a stupid question. He said it wouldn't look like I did anything wrong because it's secured debt and would be surrendering the other car. This attorney spent 17 years as a Trustee, so I would assume he knows what he's talking about.
Google "2004 Mazda RX8 Engine Failure" and you'll understand why i'm thinking about doing this. My Mazda now has it's 3rd engine as of 2 months ago.
Thoughts???
On August 18, 2009 I had to replace my 2002 Ford Explorer with 90,000 miles on it. Bought a 2008 Ford Escape because the Explorer was becoming unreliable. That leaves me with my other car being a 2004 Mazda RX8 that's upside down about $7,000 or so. Depending on where you get the actual car value.
I asked the Attorney if I could by a 3rd car with me filing chapter 7 on December 8, 2009. I won't get a decent APR if I wait to buy after filing. The plan would be for me to keep the two newly purchased cars and surrender the Mazda RX8 that I am upside down on. I would only be increasing my debt by $100 with the 2 newer cars. He said this would not be a problem at all. He actually kind of looked at me as if it were a stupid question. He said it wouldn't look like I did anything wrong because it's secured debt and would be surrendering the other car. This attorney spent 17 years as a Trustee, so I would assume he knows what he's talking about.
Google "2004 Mazda RX8 Engine Failure" and you'll understand why i'm thinking about doing this. My Mazda now has it's 3rd engine as of 2 months ago.
Thoughts???
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