Chapter 7 bankrupcy?

Question

Well I am young and live in the state of Florida. I have 7,000 dollars in debt and a car payment which is 523. The car is worth 10,000 and I owe 18,000. I want to get rid of that car and start fresh with a brand new car. Once I am discharged from my debt and that car payment when will they come take my car away? and once I am discharge how long should I wait to get a brand new car? i heard the interest rate will be high, but my interest rate is 18 percent now so it doesnt matter. Do you think the banks will finance me for a new car or would I have to get a used car? how long does the process take once I am discharged?

Answer 1

It takes 7 to 10 years to get off your record.  Give the car back, or better try to resell it.

I would take to a lawyer, before you did anything. Too young to get your credit gone for years.