? regarding Home depot card

[cj0203]

Hi,

We opened a HD card last month because we were in desperate need of a snowblower and they had a special 0% int until 2009 deal. We have every intention of paying it, we are not planning to discharge it in the BK. So I guess my question is, will they try to force us to return the snowblower if we file BK even if we try to reaffirm the debt? I don't even care if they close the acct, as long as they let us keep the blower and make payments. In NH with a 20ft long driveway it's not a luxury item, it's necessary. otherwise we're paying $30/pop for plowing!

So is that possible? to keep the debt even if they choose to close the acct? We were planning on closing it once the $700 was paid off anyways.

[magyar123]

You will have to include that debt in your filing unless you bring the balance down really significantly before you file. And remember the Home Depot credit portfolio is run/controlled by those bums at Citibank.

[keepmine]

Nothing in the code says you can't repay anyone you like post bk. They want money not a used snowblower. They'll work with you post discharge.

[325Falcon]

HD is Citibank once you file they will close your acct and you will keep the snowblower!

[CindyLou]

Technichally, you are not required to pay even if you keep it. You will certainly lose the 0% interest once you file. Filing BK is considered defaulting the account even if you keep paying.

Personally, I would include the debt instead of paying it off.... If they object, which I doubt, then you can work something out.

[325Falcon]

A used snowblower will not be worth thier time to repo.

[cj0203]

I was afraid that since it was only last month it might be an issue. I guess you all think differently

[CindyLou]

Yea, I don't think this is going to be a problem at all. I wouldn't worry about it....move on to bigger and better things..