Miles, TX Bankruptcy Law Firms & Lawyers

Why is your car being repossessed while you are under chapter 13 protection? The debt should be covered by the plan. If the car is repossessed any deficiency would be paid by an amended claim being files as an unsecured debt. Consult with an attorney as to the specific facts of your case.

You need to amend the existing schedule listing the creditors along with the mailing matrix for the court. You will also need to send the amended schedules and the Notice of the Meeting of the Creditors to the new creditors that you list and then file a Certificate of Mailing with the court. You want to make sure to add all the creditors at one time because it will cost you $30 each time you amend the schedules.

In my practice, I've found that most couples can buy a house at reasonable interest in two years after filing a Chapter 7. You'll need to reestablish your credit. That means you have to make your payments on time to a business that reports to the credit agencies. For example, you're renting an apartment or a house, you pay utilities but most landlords and utilities don't report to the credit agencies. Car loans and credit cards generally report, so if you have a car loan, you're rebuilding your credit just by making the payments. When you filed bankruptcy, you received a swarm of car loan and credit card offers - many of these are ripoffs but you should look at them and if there is a low limit credit card with a good interest rate (in your case consider 18% a good interest rate), then apply and make the payment every month.