It was a 5 year lease and I've only paid 18 months. I actually don't want it back. Should I cancel the insurance? What will happen next? I am in the process of filing bankruptcy. Please help me!
2007-02-06 16:21:03 · 3 answers · asked by life-suck 1 in Business & Finance ➔ Credit
Talk to the bankruptcy provider your filling with, they will be able to give you the best advice.
If you still have a regular income, you may be able to enter into a debt agreement with your creditors, this only has a 5 (as opposed to 7) year life and doesn't look as bad on your credit file.
Your truck will likely be auctioned to discharge the lease, however if there is a short-fall on the sale of the truck and the remaining payments you may still have to pay a bit more.
2007-02-06 19:12:10 · answer #1 · answered by bennyp 1 · 0⤊ 0⤋
Hell!
Ask your bankruptcy lawyer! Wha the hell are you paying him for if he can't answer simple questions like these?
2007-02-07 08:04:33 · answer #2 · answered by DaMan 5 · 0⤊ 0⤋
Don't do it. The credibility is almost everything. It's gonna follow you for a long time.
Before it's too late, correct your mistake.
2007-02-07 00:29:59 · answer #3 · answered by Dumbo 3 · 0⤊ 0⤋