Insomnia Momma
If not supported by a link it's just what I think!
- Joined
- Sep 8, 2008
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PickieChikie - Thanks wasn't enough for everything you posted! YOU ROCK!
Does $323 a month repayments sound like a lot for a van?
It's on the high side for adverts I've seen on TV, but I think those may be just for rentals - i.e. you pay $XYZ a month for 24, 36 or 60 months to use the vehicle, but at the end of that period it returns to the rental company.
It seems like Josh wanted a brand new van to swan around in (while Susan cycled), when a second-hand van could have filled his family and business needs and been a lot less of a strain on her monthly pay packet.
bankruptcy due to his missing wife being the breadwinner?
pre December 6, 2009 . . . premeditation? Naw
please
Just my $ .02... (perhaps some of you with experience with personalities or psychology can help shed some light on this as I do not have experience with profiling or anything of the sort).
As I ponder the bankruptcy, I can't help but wonder, was JP just "really bad" with money, or was it by design? Go with me for a second... Meaning, did JP try to sabotage his family's finances on purpose? What "IF", JP was trying to ruin/drain his family's finances intentionally so that they (his family) would have "no choice" but to move back in with SP in Washington to get back on their feet so that SP could be closer to Susan...
Maybe I'm completely wrong here, maybe it WAS as simple as JP was just arrogant and bad with money, but I can't help but wonder if it was JP's plan all along some how.....your thoughts please?
Just my $ .02... (perhaps some of you with experience with personalities or psychology can help shed some light on this as I do not have experience with profiling or anything of the sort).
As I ponder the bankruptcy, I can't help but wonder, was JP just "really bad" with money, or was it by design? Go with me for a second... Meaning, did JP try to sabotage his family's finances on purpose? What "IF", JP was trying to ruin/drain his family's finances intentionally so that they (his family) would have "no choice" but to move back in with SP in Washington to get back on their feet so that SP could be closer to Susan...
Maybe I'm completely wrong here, maybe it WAS as simple as JP was just arrogant and bad with money, but I can't help but wonder if it was JP's plan all along some how.....your thoughts please?
I hope everyone noticed how Josh included a loan from the Coxes in his bankruptcy. I wonder why he didn't borrow from his father instead?
I wish I could read the linked documents, but can't. Can you kindly tell us the amount of the loan and when it was made? Many thanks to you for pointing this out.
I think the amount JP borrowed from Chuck and Judy Cox was $3,000.00. He must have signed a promissory note, IMO.
I cannot believe JP would stoop so low as to declare this loan in his bankruptcy.
MOO
Long ago in a galaxy far away I worked in the mortgage section of a savings&loan. Yes, folks, in the '80's, just before (and during) the Resolution Trust Corporation.
I think that this loan was the down payment for the house in WVC. Bank accounts are verified in the loan application process. Gift funds or loans must have paperwork/documentation or the house is considered 'non-owner occupied.'
Common for young couples to have gift funds or family loans, at least where/when I worked in mortgage lending. Utah lending law may be different.
IMHO, it is low indeed to include a family loan in bankruptcy instead of reaffirming....
:twocents:
Laughing (but not about Susan & her family!)
I can confirm they bought the house in early 2004. Susan talked about house hunting, and this particular one.
They had to do some work to it since it was a HUD home.
He likely didn't have a choice. To not declare the loan would be unfair to other creditors, who could potentially claim that the bankruptcy was a way to transfer wealth from them to an unclaimed creditor who was later repaid.
hollyblue said:Had they moved to SLC and had a rental before the house purchase? TIA