i only read up to chapter 7 Wrote:
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> If you don't own a house or an expensive car (over
> about $10,000), go chapter 7. Here's a list of the
> exemptions you can take:
>
http://www.nolo.com/legal-encyclopedia/virginia-ba
> nkruptcy-exemptions.html and see also
>
http://www.nolo.com/legal-encyclopedia/virginia-au
> to-exemption-keep-car-bankruptcy.html
this
sell the car if it is relatively new - buy a 5-6000 vehicle + pat irs with the rest
I received car loan offers weeks after my chapter 7 and with decent interest rates
remember, after your chap 7 you are debt free and now a low risk (oddly enough) to car dealerships
your credit recovers quickly and unless you plan on buying a home in the next 2 years, your credit doesn't mean shit
people stress over credit too much, I went to get a loan with zero debt and no credit cards and was told that I needed MORE activity = credit card activity, other loans still active......so, more debt - I was actually told to take out short term loans of a few grand at 6 months to IMPROVE my credit score - told to GET A CREDIT CARD and leave a balance on it (small) to improve my credit score
had a couple I knew pay for everything up front, car home, everything
they went to get a loan for their daughter and found out that they were fucked, not even on the radar and their interest rates would be skyhigh, BECAUSE THEY HAD NO DEBT, LOANS, CREDIT CARDS