I have a question, hopefully someone can help me... My husband is in a 13, and he is doing payments through payroll deduction, however the auto loan people are trying to come after him because they have not received a payment in over a year. Talked to the trustee, found out that he missed 3 payments early in his bankrupcy repayment plan. The auto lender has file a motion to come after him for the car or payment. Our bk lawyer wants to increase his payment and we just can't afford it. Our mortage is in the bk as well. Here are my questions: If we decided to give up the home (foreclosure), how much will this affect his credit ( its shot anyways)? On his credit report, will it show a bk and foreclosure? Finally, when will we be able to get a new home after all this transpire ( or if it does)? The lawyer is trying to work something out with the auto lender, but it looking grim at this time.
