Is there a way that I can file bankruptcy without losing my car?

I recently had an unwilling job change with my company and took a $15,000 a year pay cut. I can%26#039;t even afford to eat. I have three credit cards, a computer that%26#039;s financed and about $1000 in hospital bills. My car payment is $640 a month. Yah, I know but I could afford it a year and a half ago. Should I file bankruptcy or try to take out a personal loan to pay everything off and get caught up. My car is about to get repossessed unless I voluntarily surreder it. Who knows best?

Is there a way that I can file bankruptcy without losing my car?

No do not file!!! Talk to a credit counselor and think about getting another job. Not just a second one, a better one. You file and it stays with you for about 10 years. Not a good idea. If the car is worth anything, they may take it. Be smart and tlk to credit counselors first. Please don%26#039;t panic..one door closes and another one opens.

Good Luck!

Is there a way that I can file bankruptcy without losing my car?

Give up that car and get a more economical one. You need to cut out the things you don%26#039;t need in your life, like cellphone, buying shoes, going out to the bar, strippers, etc. Your lifestyle was tailored to your old income, now you need to readjust it, or you will lose everything. Why would you want to keep a car that is that much when you can%26#039;t eat? After you file bankruptcy if you reaffirm on the loan you%26#039;d still owe a ton on it, and it sounds like your biggest problem.... It won%26#039;t kill you to get a cheaper one.

Is there a way that I can file bankruptcy without losing my car?

Voluntarily surrender it! Avoid bankruptcy and buy a less expensive vehicle! Less bling = higher financial IQ!

Be blessed,

Is there a way that I can file bankruptcy without losing my car?

Get the Book - Total Money Makeover - by Dave Ramsey

Is there a way that I can file bankruptcy without losing my car?

The only way you can stop the car from going back is to make the payments. Just file bankruptcy on the cards. and keep paying on the car

Is there a way that I can file bankruptcy without losing my car?

First off, forget the hospital bills. They should be last on the list of things to pay. Actually, if you send in only a few bucks a month on the hospital bills, they will typically not harrass you if they see you are at least making an attempt to pay. Do you own a home? If so, take out a loan against it and consolidate your debt. If this is not an option, my suggestion would be to trade your $640 per month car note in on a much cheaper vehicle such as a Suzuki or something. You can finance the value loss of the more expensive car into the less expensive one and still free up about $300 per month versus what your paying. I would definitly take out a loan to pay off everything if that is an option.

Is there a way that I can file bankruptcy without losing my car?

you need to talk to a bankruptcy attorney or paralegal. the laws have changed recently, but when i filed (20-some years ago) it wiped out all my debts... credit cards, car, mortgage... and i got to keep the car and house! some things are protected items under bankruptcy: your domicile, one car per spouse, the tools of your trade... the timeshare in Maui, though, is not! like i say, the laws have changed under shrub, so consult an attorney or credit counselor first! it%26#039;s worth the money!

oh, and you can%26#039;t pick-and-choose which debts you file on. bankruptcy is an all-or-nothing deal; if you try that you%26#039;ll basically void the process!

keep in mind, bankruptcy takes a LONG time to clear off your record! i would recommend getting a second job and pay all that stuff off! yeah, and don%26#039;t SURRENDER the car, that too is a big blot on your credit record, trade down to something you can afford.

Is there a way that I can file bankruptcy without losing my car?

You didn%26#039;s say how much you make and how much you owe. It is difficult, if not impossible to advise you. I am assuming that your income is less than your expense. It looks like you can%26#039;t afford your car. You will have a big deficiency judgment if your car is repossessed. In bankruptcy, you do have the possibility of redeeming your car by paying the creditor what it is worth. There is a company called 722 which is an affiliate of US Bank. They facilitate such redemptions and often it is a good option.

Discuss this with your bankruptcy attorney. Find a good on at http://www.abcworld.org