@Whew wrote:
Hello. I have a question. I am waiting for my Chap 7 to be discharged. I am trying to do a reaffirmation agreement with my lender for my car. They would like for me to continue making payments using my old contract. My lawyer feels I should hand over the car and get a new one.
I don't know how simple it will be to get aother car. Does anyone have any suggestions?
Thank you
Tonya
sounds like your lawyer doesn't want to be bothered with the paperwork.
you will get offers in the mail about a starting over prgrams...a lot of offers.
but you have to consider this.....can you afford it?
how much do u have left in the car you have now, how soon will you pay it off, and how long do you think it will work for you.
i kept my old 1992 car and excluded it in the chapter 7, because i only had two months left by the time the discharge arrives.....my thinking on this is it will last me a year or two, it runs, and the savings i will have on insurance and having NO CAR PAYMENTS for one year or two is appealing.....which will give me time to save for a newer car within my budget.
the last thing you need is to be in financial trouble again after the discharge. consider whether which is cheaper and easier for you financially.
you paid your lawyer good money, the least he could do is to help with the paperwork on what you have decided.