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Chapter 13 Bankruptcy

Date: Thu, 02/03/2011 - 21:22

Submitted by ocgirl
on Thu, 02/03/2011 - 21:22

Posts: Credits: [Donate]

Total Replies: 4


I sure hope someone can help. I filed Chapter 13 about a year ago. Without going into a big long story, I know that you can't pay off the amount of the BK plan early. I was wondering though, can you negotiate with the company to pay them directly? I was thinking about negotiating a settlement with the companies, getting it in writing and then requesting a discharge of my BK. My main question is, some of our accounts have been "sold" to other companies. BofA has now been sold to ECAST. If ECAST agrees to a settlement....and I request dismissal of my BK.....can BOFA come after me later? Has anyone ever done this? We did not use a lawyer to file, we used a paralegal and this was a huge mistake....so I don't really have anyone I can contact to ask these questions to.

Also.....can anyone PLEASE give me a contact number, website, anything for Candica LLC? They are one of the companies BOFA has sold one of my accounts to.

Any help would be so appreciated.


You'll not get a discharge until the court monitored payment plan has been completed. Bankruptcy can't be dismissed by any singular company. No company is authorized to do that. I think you should contact a lawyer. He can tell you what are your available options are. As far as I know, you'll not be able to settle the debt directly with the company when you're in the midst of a bankruptcy.

The contact details of Candica LLC are given below
2004 Western Ave Ste 430 Seattle, WA 98121. (Seattle)
350 North St Paul St Dallas, TX 75201.(Texas)
I could not find the website or phone number of this particular company.


lrhall41

Submitted by on Fri, 02/04/2011 - 02:41

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I am about $20,000 in debt. I have 2 credit card loans and a car loan. I am working but it seems as though the loans are consuming all my money due to late fees, high interest rates, and high monthy payment. What should I do? I am paying over $700 a month. My car loan is $11,130. I do want to sell it if it and purchase another car. The monthly payment of my car loan is $240 a month. If I purchase another vehicle I want to make a lower montly payment.
First I want to sell my car before I purchase another. What do you suggest?


lrhall41

Submitted by on Fri, 02/04/2011 - 20:13

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As far as credit card loans are concerned, you can take out a debt consolidation loan to pay them off. With a debt consolidation loan, you can consolidate the credit card debts into one single loan with low interest rate. This may help you lower your monthly payments.

Yes, you can sell you car. You can use the sale proceeds to repay the outstanding car loan balance. However if there is a deficit balance, then you'll be liable to pay it off. You can also contact your lender and try to settle your debts. Once, you have paid off the debt, you can buy a new car. But this time you should try to shop around for a low interest loan.


lrhall41

Submitted by Good Nelly on Mon, 02/07/2011 - 23:12

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