I guess I have no other choice but to file bankruptcy. I owe too much on my car and paying 20%, with my wife on bed rest, I can't afford it anymore. Loan company will not help me out one bit. I do not want to get repoed, and still end up paying for a car that I don't have, after they sell it for about 90% less then what its worth. So Bankruptcy is the last option, but the only one left.
For a car loan, which one do I file, Chapter 11 or 13, or is there another. I know I need to contact a Lawyer, but in a nutshell; what will happen. I know about credit being messed up for 10 years.
Does my loan company still pick up the car.
With the new laws, would I still have to make payments, or would I be clear of all debt related to the car.
About how much does it cost.
I live in Washington State.
Thank you all for your help and feedback.
One more question, please address. Will it affect my wife's credit file even though she is not on the loan.
For a car loan, which one do I file, Chapter 11 or 13, or is there another. I know I need to contact a Lawyer, but in a nutshell; what will happen. I know about credit being messed up for 10 years.
Does my loan company still pick up the car.
With the new laws, would I still have to make payments, or would I be clear of all debt related to the car.
About how much does it cost.
I live in Washington State.
Thank you all for your help and feedback.
One more question, please address. Will it affect my wife's credit file even though she is not on the loan.