...eligibility for Ch7, and we do qualify... ahhh, this is what I was worried about, and you got it covered, good job!
...if the Court would consider my wife's income when deciding whether or not to allow the reaffirmation...
They should be using Schedule I, but if they don't include her income, bring it up at the hearing.
BUT....there are some benefits for having the judge disapprove it. You have done your part, attempted to reaffirm, which is performing on the contract, so they can't repossess and the original terms remain valid. And with debt discharged and no reaff in place, the original loan terms hold but you can walk away at any time w/o consequences.
Hope your BK goes off without a hitch,
Tom in Colo
...if the Court would consider my wife's income when deciding whether or not to allow the reaffirmation...
They should be using Schedule I, but if they don't include her income, bring it up at the hearing.
BUT....there are some benefits for having the judge disapprove it. You have done your part, attempted to reaffirm, which is performing on the contract, so they can't repossess and the original terms remain valid. And with debt discharged and no reaff in place, the original loan terms hold but you can walk away at any time w/o consequences.
Hope your BK goes off without a hitch,
Tom in Colo
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