I buried this in another post but I still am looking for an answer.
Is the reason Ch13 works because they get paid for a portion of their credit card and they consider the credit card paid in full?
Quote:
Originally Posted by GotNoMoney View Post
This is what the point of a cross collateralization clause is, if you BK against the CC then they have the right to recover against the vehicle....
Here read this, and again get a real attorney. People on these forums just don't know enough to give sound advice.
Like I said before, you may have to file a Ch13 to make it work. At this point it is a $400 gamble that is might slip past them....other than that, no you can't BK against the CC debt and take the car....that is the whole point of a cross collateraliazation clause.
Thanks
Is the reason Ch13 works because they get paid for a portion of their credit card and they consider the credit card paid in full?
Quote:
Originally Posted by GotNoMoney View Post
This is what the point of a cross collateralization clause is, if you BK against the CC then they have the right to recover against the vehicle....
Here read this, and again get a real attorney. People on these forums just don't know enough to give sound advice.
Like I said before, you may have to file a Ch13 to make it work. At this point it is a $400 gamble that is might slip past them....other than that, no you can't BK against the CC debt and take the car....that is the whole point of a cross collateraliazation clause.
Thanks
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