No Solution Yet
I do not have a perfect solution yet for a couple that I am working with. The wife filed a Chapter 7 in 2003 due to her first divorce, so she is unable to file another Chapter 7 until 2011. The husband was a truck driver and had a wreck and got two tickets. The accident resulted in two things. First, he hurt is back and was on worker’s comp. Second, his employer fired him, because company insurance could not cover him anymore. He has money coming in now, but when he is well the money will stop, and he will still be unable to get a job as a truck driver.
Over the last couple months they made the decision to get different cars with cheaper payments, but because they were upside down, they could not trade the other ones in. They bought the two new cars and surrendered the two other cars, thinking that because she did it voluntarily, they would not owe anything more. Of course she was wrong. They sold one already and she owes $12,000. If she had not previously filed a Chapter 7, doing so could help with the repo’s and credit cards. They could file a Chapter 13 with a minimum payment now, but do not know what his income is going to be in a couple of months I can see that the Chapter 13 will eventually be needed, but I’m just not sure when..
