Maybee, MI Bankruptcy Law Firms & Lawyers

Dear Sir: Whether you have compassion for the banks or not, I cannot assist or advise you in undertaking a course of action which is fraudulent and illegal. One of the grounds for denial of discharge of particular debts is that they were incurred with the intention of discharging the debt in bankruptcy. So your plan could very well lead to denial of discharge of those debts, meaning you'd have spent the money and still be liable to pay it back. Arguably you would also be violating two or three criminal laws. Don't do it. If you need a bankruptcy, fine, file a petition. But it should be honest and complete.

Your old car loan will probably be reported as a repossession. That coupled with a bankruptcy will certainly hurt your credit. Paying any car loan after a chapter 7 will certainly help reestablish your credit. Therefore you need to determine which vehicle in the long run is better for you.

If they have a right to retake possession of the furniture, you cannot conceal it for the purpose of preventing them from doing so. If they do not know its location, you should disclose that. Other than that, nonpayment of a debt is not criminal.