Reply to Thread

Message

<blockquote data-quote="BadgeBunny" data-source="post: 1841293" data-attributes="member: 1242">My goodness, she sounds like me a hundred years ago!There are plenty here who are gonna say don&#039;t do this BUT you might discuss her filing for bankruptcy. It&#039;s not like it used to be and the trustee will either make her surrender the car, or if she wants to keep the car, make the dealer cram down the note and take a more reasonable arrangement if she can prove she&#039;s unable to pay for the car under her current circumstances. In order to file Chap 7 she will have to prove she doesn&#039;t have the funds to pay her debts. In Chap 13 she will wind up making payments to the Trustee to pay off a certain percentage on the dollar of what she owes. She will have to go to mandatory credit counseling with either. None of this is a lot of fun, and this could help her and teach her some valuable life lessons at the same time.I&#039;m in camp with bulbboy. I&#039;d be sure to tell her that this is her one &quot;get out of jail free card&quot; though. Make sure she knows how much you love her and that you will always be there for her but that you don&#039;t have a money tree and you simply can&#039;t bail her out again.Double down on the Dave Ramsey advice.Good luck to you! (and to her)!!</blockquote>

[QUOTE="BadgeBunny, post: 1841293, member: 1242"] My goodness, she sounds like me a hundred years ago! There are plenty here who are gonna say don't do this BUT you might discuss her filing for bankruptcy. It's not like it used to be and the trustee will either make her surrender the car, or if she wants to keep the car, make the dealer cram down the note and take a more reasonable arrangement if she can prove she's unable to pay for the car under her current circumstances. In order to file Chap 7 she will have to prove she doesn't have the funds to pay her debts. In Chap 13 she will wind up making payments to the Trustee to pay off a certain percentage on the dollar of what she owes. She will have to go to mandatory credit counseling with either. None of this is a lot of fun, and this could help her and teach her some valuable life lessons at the same time. I'm in camp with bulbboy. I'd be sure to tell her that this is her one "get out of jail free card" though. Make sure she knows how much you love her and that you will always be there for her but that you don't have a money tree and you simply can't bail her out again. Double down on the Dave Ramsey advice. Good luck to you! (and to her)!! [/QUOTE]

Verification