Never trust a lawyer.... EVER!

[R&GHomer]

Dirty C**k biters. I had a finale court hearing on Friday, and gave the lawyer a post dated check for Sept 15th to cover the last part of the legal fee's. Son a biatch agreed to cash it on the 15th and then turned around and cashed it that same fuggin afternoon.

Azz bandit just fugged me on my rent and several other bills that I can't pay now until the 9th.

[COchief]

7

[COchief]

8

[Mosbonian]

Originally Posted by COchief

Alas, I do know quite a bit about credit and know that BK does take alot of time & effort to work out of.

You do???? Really???? This statement below shows you don't....

Originally Posted by COchief

I pay the bills because the debt is written off as a loss to the creditor's bottom line. Which means they pay less taxes. Plus I get the added bonus of paying all of the court personell to process the bankruptcy.

NO.....you don't......

No.....they don't.....

Once again....no you don't....

Been in the real business world long?

mmaddog
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[Mosbonian]

Originally Posted by R&GHomer

I really have no idea why I'm telling you this, but I contacted CCC to begin with. They had no trouble working things out with everyone accept the auto finance company. That's when I hired the lawyer to try and make payment arrangements. He came back and said they wouldn't negotiate and suggested I file bankruptcy.

CCC was a good idea at one time....but has lost it's effectiveness.

My only comment on the above.....I doubt very seriously that your attorney put much effort in to trying to work with the auto finance company....it would pay him no money to do so.

mmaddog
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[Mosbonian]

Originally Posted by J Diddy

BTW, aren't there some new laws to bankruptcy that makes it difficult?

They don't take effect until October...mid month I believe. And no it doesn't make it harder to file Bankruptcy, just more difficult to get rid of unsecured debt......but quite frankly there is more to the new bankruptcy bill than just that.

There is more teeth behind the law to allow utilities to require upfront deposits for those in Bankrutpcy....and this one could hurt. Let me give you an example:

Let's take the Kmart bankruptcy filing.....under the old law, they weren't obliged to have to put up a security deposit for the local utilities for the new Debtor-in-Possession company. Now, with the new laws, they could be required to...think about that.....having to put up a security deposit for every location of a Kmart in the US.....it would be practically impossible for the hew entity to survive....that much of a cash outlay.

The new law is going to be interesting to watch.....I bet there will be a whole last minute rush to the Courthouse to file before the new law takes effect...

mmaddog
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[Mosbonian]

Originally Posted by COchief

Just trying to offer sound advice, me flaming a little bit is nothing compared to seven years of deposits/higher rates on cable, cell phone, utilities, car loans, credit cards, car insurance and everything else under the sun.

Wanna bet on that time frame?

It used to be that way...but most finance companies don't care about anything over 4 years old....unless of course they are looking for a reason to turn you down.

mmaddog
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[trndobrd]

Originally Posted by mmaddog

CCC was a good idea at one time....but has lost it's effectiveness.

My only comment on the above.....I doubt very seriously that your attorney put much effort in to trying to work with the auto finance company....it would pay him no money to do so.

mmaddog
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Except, of course, his fee from the client. Yes, most attorneys attempt to work in the best interests of their clients. Not that anyone would ever believe that.

Auto finance companies are notoriously difficult to work with. Because unlike credit card companies, auto finance companies deal in secured debt. Most auto credit contracts are set up to pay interest first, creating a system where they can sometimes make more money if the consumer defaults and they reposess the vehicle.

[Lzen]

Originally Posted by jspchief

Heh. And I was worried about coming off as too much of a dick earlier...

You did but we're used to it from you.

[Mosbonian]

Originally Posted by trndonthemods

Except, of course, his fee from the client. Yes, most attorneys attempt to work in the best interests of their clients. Not that anyone would ever believe that..

Most attorney's work for the best interest of their clients, as long as it is in the attorney's best interest too....

Originally Posted by trndonthemods

Auto finance companies are notoriously difficult to work with. Because unlike credit card companies, auto finance companies deal in secured debt. Most auto credit contracts are set up to pay interest first, creating a system where they can sometimes make more money if the consumer defaults and they reposess the vehicle.

Funny...I have several friends who work in the auto finance industry and they aren't at all like you describe. I do know that there are those who are nothing but sharks...

mmaddog
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