Is there a way to keep washer and dryer that you are leasing from a lease-to-own agency during a Chapter 13? 17 Answers as of December 09, 2014

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Stephens Gourley & Bywater | David A. Stephens
Yes you can accept the lease and make payments again, or negotiate a purchase price through the plan.
Answer Applies to: Nevada
Replied: 12/9/2014
Freeman Law Group, LLC
Freeman Law Group, LLC | Derek Freeman
Of course. There are a variety of options available in a chapter 13 plan. You can include your monthly payments for your washer and dryer in the plan itself, or continue making payments outside the plan. Just realize that if you deal with them outside the plan, your monthly bankruptcy payments will increase after your washer and dryer are paid off.
Answer Applies to: Colorado
Replied: 12/9/2014
GARCIA & GONZALES, P.C.
GARCIA & GONZALES, P.C. | Richard N. Gonzales
Yes. Continue paying the company per the agreement. This item would be part of your Chapter 13 budget.
Answer Applies to: Colorado
Replied: 12/9/2014
Richard B. Jacobson & Associates, LLC | Richard B. Jacobson
Yes. But you must 'assume' the lease in your Plan, or otherwise by a motion early in the case. That would mean either catching up on all delinquent payments, or making arrangements with the lessor to catch up by regular payments.
Answer Applies to: Wisconsin
Replied: 12/8/2014
Janet A. Lawson Bankruptcy Attorney
Janet A. Lawson Bankruptcy Attorney | Janet Lawson
Yes, you have to make the payments. Provide for that in your plan.
Answer Applies to: California
Replied: 12/8/2014
    A Fresh Start
    A Fresh Start | Dorothy G Bunce
    Sure, offer to pay for it, either in monthly installments or for fmv in a lump sum.
    Answer Applies to: Nevada
    Replied: 12/8/2014
    Joseph Lehn, Esq
    Joseph Lehn, Esq | Lehn Law, PA
    Yes. Your chapter 13 plan offers various options with which to address a creditor. You may decide to continue making payments directly to the creditor outside the plan. There may also be a possibility to also just pay the value of collateral in your Chapter 13 Plan.
    Answer Applies to: Florida
    Replied: 12/8/2014
    Ronald K. Nims LLC | Ronald K. Nims
    Yes, put the washer and dryer in the plan and make all the payments. Generally, I would put them in the plan at their fair market value and make the payments based on the lower value.
    Answer Applies to: Ohio
    Replied: 12/8/2014
    Eranthe Law Firm
    Eranthe Law Firm | Cate Eranthe
    Of course. You keep paying for them and disclosure them in the proper places on the paperwork. If you're planning to file a Chapter 13 without an attorney think again. Most bankruptcy attorneys can take at least a portion of their fees in the payment plan. Go for a consultation with a local knowledgeable bankruptcy attorney. It is well worth the effort. Most of the cases that are dismissed or fail to succeed are those that are self filed.
    Answer Applies to: California
    Replied: 12/8/2014
    Rhymer Law Firm
    Rhymer Law Firm | William Rhymer
    Yes, you just need to provide for it in your plan. Different bankruptcy districts have different rules for what happens after the rent-to-own contract is over.
    Answer Applies to: Georgia
    Replied: 12/8/2014
    The Law Office of Darren Aronow, PC
    The Law Office of Darren Aronow, PC | Darren Aronow
    Yes, you would have to pay for it.
    Answer Applies to: New York
    Replied: 12/8/2014
    Mark S Cherry, Attorney at Law, PC
    Mark S Cherry, Attorney at Law, PC | Mark Cherry
    The lease is called an executory contract (to be excuted in the future). You can reaffirm the contract. The creditor should prepare a reaffirmation agreement to be signed by you to the Judge. You should evaluate if the decision is actually a good financial decision as most rent-to-own contracts are very expensive, and to determine if you can afford it.
    Answer Applies to: New Jersey
    Replied: 12/8/2014
    Barnes Law Firm, LLC | Aunna Peoples
    It is possible, but the real question is, why you want to. You end up paying 7-10 times more than the appliance is worth.
    Answer Applies to: Missouri
    Replied: 12/5/2014
    Goldsmith & Guymon
    Goldsmith & Guymon | Marjorie Guymon
    Yes. You must assume the lease and continue making the payments.
    Answer Applies to: Nevada
    Replied: 12/5/2014
    Garner Law Office
    Garner Law Office | Daniel Garner
    Yes, that is a simple matter of stating in your Chapter 13 plan that you will "assume" the lease. The trustee does have the right to reject the lease if s/he believes it is a bad deal for you, however. Basically, you need to demonstrate that they are worth what you're paying for them.
    Answer Applies to: Oregon
    Replied: 12/5/2014
    D.J. Rausa, Attorney at Law | D.J. Rausa
    Yes, you can continue to make your lease payments.
    Answer Applies to: California
    Replied: 12/5/2014
    Patrick W. Currin, Attorney at Law | Patrick Currin
    Yes, keep making the payments.
    Answer Applies to: California
    Replied: 12/5/2014
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