In Ch. 7, surrendering house & car now what?

[Dawgfan91]

My wife and I are currently in a Chapter 7. We have already had our 341 where only the creditor of our house showed up and since we are surrendering anyway only had a couple of questions. We have also surrendered our car, but got a letter a couple of days ago from that creditors attorney filing an objection wanting to come after the car which is scheduled on May 11 which is before the May 26th deadline for objections. If I'm surrendering what is the point and could this delay the discharge? Also since this car is going away, we are desperately needing another one. Is there anything we can do before discharge to get the money or financing (not looking for anything expensive)?

[Minnymouth]

First you need to let your attorney know your hunting a vehicle........
Search on this forum under "redemption722" and learn how your can buy a vehicle thru the redemption plan.... This will have to be done before you are discharged....

You auto company ask for the Automatic Stay to be lifted is why they ask you to surrender the auto before the discharge is over...

[Dawgfan91]

In Ch.7, surrendering house and car now what?

Ok, we applied at 722redemption.com and got turned down. Does anyone have any other ideas or where I could possibly get a small loan $3000-5000 to buy my Mom's 99 Blazer??

[Minnymouth]

To begin with,
You can't get credit while in bankruptcy.... you will have to wait until your case is discharged.
Best hope you can do is temp drive mom's car, till after discharge, then see if someone will loan you money against the auto to pay her..... You may even need her to co-sign on the loan right out of BK.....

Sorry, but this is how it works.... most people will loan you nothing till you get your credit reestablished and your credit score back up.....

If the auto will stand good for itsself you should be able to get a small loan....

Minny