M
Mahogany Reign
Guest
I'm a married former college dropout. In January I decided (with my wife's blessing) to quit my job and go back to school. I'm enrolled full time with a year and a half left to go.
One of our cars has been repossessed and resold and Carmax is asking for $11,000. With my wife's salary we have literally about $100 leftover each month...and that's with basic necessities only.
The only option is to surrender our other car to them which would free up about $500 a month (car note and insurance) but would only add to more debt with them b/c that car still has about $15,000 left in the note.
So we're gonna surrender the other car and file bankruptcy. My question is, what happens at the bankruptcy hearing? Can the judge force me to quit school and go get a job. I'm not the type who can balance school and work. I'd rather file bankruptcy and deal with that for ten years (and beyond) than to keep a b.s. job just to pay bills.
Can my not having a job impact the decision? Can the judge rule in favor of a payment plan that still won't really be feasible unless I get a job?
I have links to bankruptcy sites, I know a little about how it works, I just don't know how the opinion of the court is formulated.
One of our cars has been repossessed and resold and Carmax is asking for $11,000. With my wife's salary we have literally about $100 leftover each month...and that's with basic necessities only.
The only option is to surrender our other car to them which would free up about $500 a month (car note and insurance) but would only add to more debt with them b/c that car still has about $15,000 left in the note.
So we're gonna surrender the other car and file bankruptcy. My question is, what happens at the bankruptcy hearing? Can the judge force me to quit school and go get a job. I'm not the type who can balance school and work. I'd rather file bankruptcy and deal with that for ten years (and beyond) than to keep a b.s. job just to pay bills.
Can my not having a job impact the decision? Can the judge rule in favor of a payment plan that still won't really be feasible unless I get a job?
I have links to bankruptcy sites, I know a little about how it works, I just don't know how the opinion of the court is formulated.