My husband and I are in an active Chapter 11 bankruptcy. We have been filing MOR reorts and we are less than a week from filing our plan. We have successfully retained al of properties and renegotiated with our creditors. We are in a strong position to have our case dismissed and gain control over our properties now with new, low interest rates and "crammed down" mortgages.
the engine on my 2003 350ZX vehicle blew out last week. The car was paid for a couple of years ago before we filed. I come from a family of car dealers who have been in the car business for 80 years, so I am very comfortable going online and finding a vehicle that wil give me instant equity
. I also explored lease takeovers.
My lawyer, who is very good at what he does, told me to hang out until the plan is filed, and if I could, until the plan is confirmed. However, the rental car companies are charging me an exorbitant $300.00 per week for a basic, economy rent
-a-car because I only have a debit card, instead of a credit card.
I can hang ut for another week at this rate, but do you have any solutions, other than asking the courts to approve a payment for a low-line Yaris?