here is a brief recap of what's going on and my question:
- unsecured debt of ~ $110k - credit cards
- slightly behind with mortgages - 2 months to go in forebearance with 1st
- want to keep house!!
- retained lawyer
- recommend chapter 13 at consult - income over limit.
- have 3 vehicles - 1 for wife, 1 for daughter, 1 for me
- will keep wifes (3 years through 60 mo lease)
- mine is a beater & paid off
- daughters car - is in my name. Loan originated Jul 07. She has since moved out & now wants to get a different car. I can't afford to keep paying (even though I wouldn't mind her car).
If it's traded in/sold - removed from my name - does that hurt me in anyway?
What if I sell the beater - maybe $2500 for it and pay mortgage, etc with proceeds?
TIA
- unsecured debt of ~ $110k - credit cards
- slightly behind with mortgages - 2 months to go in forebearance with 1st
- want to keep house!!
- retained lawyer
- recommend chapter 13 at consult - income over limit.
- have 3 vehicles - 1 for wife, 1 for daughter, 1 for me
- will keep wifes (3 years through 60 mo lease)
- mine is a beater & paid off
- daughters car - is in my name. Loan originated Jul 07. She has since moved out & now wants to get a different car. I can't afford to keep paying (even though I wouldn't mind her car).
If it's traded in/sold - removed from my name - does that hurt me in anyway?
What if I sell the beater - maybe $2500 for it and pay mortgage, etc with proceeds?
TIA
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