Are we headed for a Chapter 13 instead of 7?

[keepsmiling]

When your hubby learns that you may either have to a)turn in your van or b) rebuy it back from the tt, PLUS be stuck for 5 years in a 13, he may reconsider buying the new car.
Having paid off vehicles when entering a bk is often to your detriment- it's the bass-ackward logic of bk. Keep reading and get him on here too. It's a learning process...... and it doesn't always make common sense.

[mslaw]

When your hubby learns that you may either have to a)turn in your van or b) rebuy it back from the tt, PLUS be stuck for 5 years in a 13, he may reconsider buying the new car.
Having paid off vehicles when entering a bk is often to your detriment- it's the bass-ackward logic of bk. Keep reading and get him on here too. It's a learning process...... and it doesn't always make common sense.

We don't have a choice to pay it off. It's a lease and the payments are finished in January or February. I'm just not sure with our credit we can get a loan. Though I know we probably need to. Thanks!