Okinus Quality Time 100% plus interest rate Pelham Georgia

Okinus, Inc contracts state "Lease Purchase Disclosure and Terms of Agreement", also gives option to pay account off in 90 days same as cash. The contract states the terms, due date and fees associated. Okinus, Inc also sends a Welcome Letter to all customers with an overview of contract informing to contact Okinus, Inc for any questions or concerns.Okinus, Inc does not add fees from family members, Okinus, Inc does not charge interest.

As stated you should consult with your attorney for your rights as they pertain to the particular bankruptcy relief you are entitled to.

Because you have filed BK on the creditor and not reaffirmed the debt, according to your post, then you aren't responsible for the balance due. However, leases are handled differently in the bankruptcy court so make sure you get proper instruction/guidence from your attorney.

As I understand it, because the furniture was leased and not purchased, you would have to return the collateral to the creditor or work out some sort of lump sum release payment to terminate the lease. This is something your BK attorney would handle in your bankruptcy case. Your BK attorney may charge you extra to go this extra step, but it would be worthwhile to put this to an end IMO.

As to not knowing it was a lease: I don't understand how that can happen because the vendor would have had you sign a written lease agreeement in order for it to be enforceable. I am not defending the right to lease as I think it is a terrible way to 'purchase' anything except in very narrow business oriented circumstances.

Good luck with terminating your lease. Do it right away. There is a time frame within the bankruptcy under which leases can be terminated or they are renewed.  Call your attorney right away.