I have a very high payment on my leased vehicle. I would probably have to buy the vehicle at the end of the lease due to excessive mileage and excessive wear and tear. I would like to just get rid of said vehicle while under bankruptcy protection. I would then just buy an old junker to use for work. Would this work?
if you can BUY a junker for cash and voluntarily repo the car before you file, you may be able to get rid of teh debt, but any sudden things like that that happen within 6 months of you filing for BK, may be refused, so if you can afford to wait at least 6 months after you turn in the vehicle, then you might have better luck – better talk to a lawyer first – the BK laws changed a lot in 2006
