top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

owning vs. leasing a car while in Chapter 7

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    owning vs. leasing a car while in Chapter 7

    What have you found to be advantages/disadvantages for leasing vs. owning a car while you're in Chapter 7?

    Especially if you intend to keep the car and are current on payments.

    Thanks!
    Filed Chapter 7 July 2010
    Attended 341 September 2010
    Discharged November 2010 Closed November 2010

    #2
    We have a leased vehicle and stated in our Chapter 7 we wanted to continue with the lease. We were current on the payments. The Trustee didn't seem to care anything about it. The leasing company sent our attorney an "Assumption of Lease" to sign and return to them. We didn't have to go through the court. It was very simple. We haven't heard a peep out of the leasing comany since we sent it in and have continued making the payments. The only difference is, we haven't been receiving the statements. Perhaps after our BK is discharged and closed.
    Filed Non-Consumer Chapter 7: 07/31/2009
    341 Hearing: 09/03/2009
    Last Day for Creditor's Objections: 11/02/2009
    Discharged! 11/03/2009 CLOSED! 01/05/2010

    Comment


      #3
      Thanks!
      Filed Chapter 7 July 2010
      Attended 341 September 2010
      Discharged November 2010 Closed November 2010

      Comment

      bottom Ad Widget

      Collapse
      Working...
      X