Any one ever quit owing the company

Discussion in 'Lease Purchase Trucking Forum' started by aradio13, Jan 27, 2016.

  1. aradio13

    aradio13 Bobtail Member

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    Jan 12, 2014
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    I done a lease purchase through my work took a loan at my bank to pay it off at work. Sine paying it off at my work. I have had problem after problem. Like I had to put a head on it then 3 weeks out of the shop the rear end went when it locked up it somehow destroyed the clutch but didn't hurt the transmission. Just had the egr cooler replaced. Now it needs work in the lower motor was quoted 11,800 to fix it. I owe my work from help on these repairs and they won't help on the new repair I have spent everything I have on trying to keep a float. My work wants me to lease another truck. I don't know what to do. Has anyone else quit while owing? What repercussion have you faced in quitting. At this point I feel bankruptcy is my best option.
     
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  3. Straight Stacks

    Straight Stacks Paper Cha$er

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  4. aradio13

    aradio13 Bobtail Member

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    Jan 12, 2014
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    Gee thanks that info was so helpful.
     
    Dye Guardian Thanks this.
  5. kw550cat

    kw550cat Medium Load Member

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    Does your current truck run now? And do you own it or are you atill paying it off?
     
  6. little cat 500

    little cat 500 Road Train Member

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    road flare in the fuel tank problem solved
     
  7. bubbanbrenda

    bubbanbrenda Road Train Member

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  8. aradio13

    aradio13 Bobtail Member

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    Jan 12, 2014
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    I owe the bank 18000 on it and it runs just needs lower engine work
     
  9. kw550cat

    kw550cat Medium Load Member

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    brooklyn, new york
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    How much do you owe your company? What truck is it? Selling it and going company driver seems reasonable at the time to get some money stored and pay back debt.
     
    NavigatorWife Thanks this.
  10. Pigbacon

    Pigbacon Road Train Member

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    I wouldn't file bankruptcy over $18,000. If they're willing to let you swap trucks, go for it. You're not gonna make enough money as a company driver to pay this and your other bills.
     
  11. aradio13

    aradio13 Bobtail Member

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    Jan 12, 2014
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    I owe them around 8000 and the truck is a 07 freightliner columbia. We don't have any company drivers and the only trucks they have for lease are 2013 prostar with 195 payments of 475 so 92k for a truck that's worth 35k. The bankruptcy would be for more than 18k it will include the vehicle I already lost and the other one I will end up losing.
     
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