Legal Question in Credit and Debt Law in Texas
Truck payment causing financial hardship
My son recently had a big decline in his earnings and cannot afford his monthly truck payment of almost $700.00. He has traded trucks several times over the last few years and owes about $48,000.00 on a truck that is worth about 1/2 of that. He and his wife are having trouble paying their regular bills because of this. What are his options?
Asked on 2/26/08, 9:41 am
1 Answer from Attorneys
James Grissom
Law Office of James P. Grissom
Re: Truck payment causing financial hardship
bankruptcy is one option. for more options see an attorney.
Answered on 2/26/08, 9:51 am