I am a divorced dad with my daughter, her husband and 2 grandkids living with me. I actually have 3 car loans in my name because we all needed vehicles to get to work. When they put my numbers into the formula that the court uses to decide the amount that needs to be repaid, I was left with an insufficient amount to live on. I can barely make it with what they have allowed me and there is no money put aside for emergencies.
I am 6 months into my payment plan and I have had my payment into my Ch 13 raised by $400 because they used my P&I amount as my home loan amount instead PITI which includes escrow. Hopefully all the mistakes by the trustee of the court are over and it will stay at that amount.
This means I have to come up with $400 more dollars per month. I was thinking about giving up my Chevy and stop paying the car loan and buy a cash car. My Lawyer said the car was in the Bancruptcy but it is not in the payment plan. I am paying it on my own.
He is telling me since it is included in the Bancruptcy, I can turn the car back and stop paying with no consequences as long as I get the bancruptcy discharged. Does that sound correct, and are there any other hidden problems that might arise?
I am 6 months into my payment plan and I have had my payment into my Ch 13 raised by $400 because they used my P&I amount as my home loan amount instead PITI which includes escrow. Hopefully all the mistakes by the trustee of the court are over and it will stay at that amount.
This means I have to come up with $400 more dollars per month. I was thinking about giving up my Chevy and stop paying the car loan and buy a cash car. My Lawyer said the car was in the Bancruptcy but it is not in the payment plan. I am paying it on my own.
He is telling me since it is included in the Bancruptcy, I can turn the car back and stop paying with no consequences as long as I get the bancruptcy discharged. Does that sound correct, and are there any other hidden problems that might arise?