Two cars….Joint Bankruptcy
April 4th, 2008 by Questions
After 30 years of good credit, my wife and I have considered bankruptcy for the first time. We are almost $75,000 in debt after an illness has left me on permanent disability. We already remortgaged 3 times to clear bills and now have no equity. My wife has a $250/mth leased car she needs for work. I purchased a used car for $5000 and returned my leased truck early ( 6 months ago). This was to reduce our monthly expenses by about $450. What will become of our vehicles?