One more ? When to ask to Repo?

[Justpoor]

I have missed one payment on everything but mortgage and utilities so far. The phone is ringing constantly! I have not retained my attorney because he doesn't want money until I have ALL my paperwork ready. That may take another week for some things. Can I tell the creditors of the secured debt to come get the stuff I plan on forgoing? Which is everything!

[keepmine]

Yep. If you're gonna surrender it anyway and don't want to deal with collection efforts then, tell 'em to come and get it.

[Justpoor]

So it doesn't matter when? I'm hoping to be filed by mid June. They won't be able to sue me and garnish my wages in that short amount of time would they?

[keepmine]

Very doubtful anything will happen for months.

[StartingOver08]

However, if you surrender the vehicle in your BK then a repo will not show on your credit report. If you allow a repo before the BK, then you have two negative items on your report. (BTW, I assumed a vehicle because you used the word 'repo' in your title. If its not a vehicle, it probably is a moot point.)

You have to do what is best for you - just letting you know what the differences might be when surrendering items pre-BK and during BK.

[Justpoor]

Thank you. That makes sense. I hope to be filed soon. I did finally start answering the calls. They have been nice so far.