I received my Chapter 7 discharge last October. Currently I am making payments on a Mazda with a balance of about $23,000 and 86,000 miles driven. That loan was never re-affirmed. I was thinking of buying an inexpensive economy car for $13,000 - $14,000 and just allowing my car to be repossessed. Are there any holes in my strategy that I am not aware of ? Any imput would be greatly appreciated.
ps. I posted this same question elsewhere on the forum in hopes of getting a response
ps. I posted this same question elsewhere on the forum in hopes of getting a response