Best Buy & Dell Financial

[r0cdyqh]

What is the name of your state?Ohio
I met with my lawyer today to sign reaffirmations for my house and 2 cars. He also has reaff's for Dell Financial $680 and Best Buy $1,300. With Dell the charges were for computer accesories and not the computer i.e. hard drive, memory, CD burner. For Best Buy I purchsed a $1100 TV 2 1/2 years ago, Playstation 2 2 years ago and the rest of the charges went to DVD's PS2 games, CDs, etc. The balance was 2400 and I paid it down to $1300 over the past year before filing BK 7. My Atty says they have "security interests". He is asking them to provide a list of items they want back. Its all small stuff except the TV. You can buy that same TV for $799 brand new. So my same 2 1/2 yr old TV is probably worth $150 if you could find a buyer?? What should I do? Atty said we could determine value and buy it, etc. I don't wnt to give them anything since most of the money paid went towards the TV before I started charging the small stuff.
Thanks!

 

[Ladynred]

You are not required to reaffirm, and its unlikely that either will object to the discharge of the debt. I would definitely NOT reaffirm if you are not required to do so. From what I hear, Dell makes a lot of noise, but has never done anything to collect the 'stuff', they know that old computer equipment isn't worth peanuts. BestBuy does a lot of sword rattling too, but the stuff they want back isn't worth even half what you PAID for it and there's no way they can re-sell the stuff.

I'd ignore them unless your state requires you to reaffirm or redeem secured property. If you do neither and they don't object, the debts will be discharged, and they'll have to chase you for stuff they don't really want anyway. They're hoping for some cash.