Hi, new to forum and preparing for C7 bk filing. Don't have a atty yet but searching for one.
I do have 2 car payments, combined are $781/month note. Positive equity on one is 6k and and 1.5k on the second.
I have a 22.3k cc debt, and as of 4/18/09 only one of 7 cc 60 day past due, minimum payment set at $580. I cannot afford to pay that. 2 more cc are over limit, but making minimum payments(I think wont do that anymore, 29.9% is killing me), I'm getting that apr in 6 o them. $480/month in interests.
My question is if I file now, will they take my two cars?, or not. Or should I sell them before filing. Could trade those two cars in for a more expensive truck which I could use for work and have a non positive equity and be safe or is that a mistake?. As of 4/2009 now I might be able to get a loan on a newer vehicle trading in the ones a have, basically don't want to lose the equity.
Thanks.
I do have 2 car payments, combined are $781/month note. Positive equity on one is 6k and and 1.5k on the second.
I have a 22.3k cc debt, and as of 4/18/09 only one of 7 cc 60 day past due, minimum payment set at $580. I cannot afford to pay that. 2 more cc are over limit, but making minimum payments(I think wont do that anymore, 29.9% is killing me), I'm getting that apr in 6 o them. $480/month in interests.
My question is if I file now, will they take my two cars?, or not. Or should I sell them before filing. Could trade those two cars in for a more expensive truck which I could use for work and have a non positive equity and be safe or is that a mistake?. As of 4/2009 now I might be able to get a loan on a newer vehicle trading in the ones a have, basically don't want to lose the equity.
Thanks.
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