Michigan chapter 7 questions --- married filing alone


N

news.comcast.net

My wife and I have been married about 2 yrs now

Our debts are:
6400 Personal loan (me primary- she cosigned)
2300 Personal loan (joint)
$7200 (to get out of lease on GMC Trailblazer - that neither of us have
drove in months it is just sitting)
$16500 on 2004 Mustang (my name alone)
$22000 on 2006 Toyota Camry (joint)



$6500 credit cards (hers)
$2800 credit cards (mine)

The problem is our budget is to tight with all the bills every week, and we
barely make our bills every month and sometimes have to get creative to get
them paid.
we are thinking of having her file bankruptcy but are unsure

Her income is $670 (disability) and $300 in employment income
mine is $4200 plus $195 a month in child support (that I COLLECT)

if we could just get our of the Lease we would be ok, but GMAC will not
budge they want 7200 IN FULL to terminate the lease I have offered to turn
in the vehicle and pay them $200 a month till the 7200 was paid in full. We
have a payment of 490 a month on the lease and have 17 months left on it.
Just wish I could get someone to take it over I would be willing to pay the
lease down so the other person could pay $375 a month just so I can get rid
of it. (Its a 2005 Trailblazer LS extended - 7 passenger with 25,000
miles - on a 3yr / 45,000 mile lease)

We do not care if the trail blazer is repo's at this time because it is just
taking up space in our driveway and not being used!

we were fine till my wife started having medical issues causing both of us
to cut our hours back.

what will happen to joint debt / my credit if she is the only one that files
and what chance does she have for chapter 7?
when I spoke to an attorney about 13 I about chocked on what the fees were
on a monthly basis, we would not get any further ahead if we had to pay that
too.
 
Ad

Advertisements

M

mark

news.comcast.net said:
My wife and I have been married about 2 yrs now

Our debts are:
6400 Personal loan (me primary- she cosigned)
2300 Personal loan (joint)
$7200 (to get out of lease on GMC Trailblazer - that neither of us have
drove in months it is just sitting)
$16500 on 2004 Mustang (my name alone)
$22000 on 2006 Toyota Camry (joint)



$6500 credit cards (hers)
$2800 credit cards (mine)

The problem is our budget is to tight with all the bills every week, and
we barely make our bills every month and sometimes have to get creative to
get them paid.
we are thinking of having her file bankruptcy but are unsure

Her income is $670 (disability) and $300 in employment income
mine is $4200 plus $195 a month in child support (that I COLLECT)

if we could just get our of the Lease we would be ok, but GMAC will not
budge they want 7200 IN FULL to terminate the lease I have offered to turn
in the vehicle and pay them $200 a month till the 7200 was paid in full.
We have a payment of 490 a month on the lease and have 17 months left on
it. Just wish I could get someone to take it over I would be willing to
pay the lease down so the other person could pay $375 a month just so I
can get rid of it. (Its a 2005 Trailblazer LS extended - 7 passenger with
25,000 miles - on a 3yr / 45,000 mile lease)

We do not care if the trail blazer is repo's at this time because it is
just taking up space in our driveway and not being used!

we were fine till my wife started having medical issues causing both of us
to cut our hours back.

what will happen to joint debt / my credit if she is the only one that
files and what chance does she have for chapter 7?
when I spoke to an attorney about 13 I about chocked on what the fees were
on a monthly basis, we would not get any further ahead if we had to pay
that too.
Idiot
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads


Top