Okay I filed for Chapter 7 on 7/20/11 my hearing is scheduled for 8/25/11 I own a 2006 Nissan Titan worth about 15000 according to NADA and 11000 according to KBB clean retail.
The dealership offered me 9000 for it but it was contingent on me buying from them, of course. I owe only 7000. In my state (Louisiana) the automobile exemption is 7500. My current payment is 500 which i am behind by three months. I have body damage to the vehicle which I had appraised at 5700 to repair. I advised the court that I would redeem for 5700 with USAA do you think that would be considered a low offer?
I want to pay it off then get something with better gas milage like an Altima, I don't want to trade in with a balance because I do not want a note I want to sell them the car and pay the difference...any thoughts on my situation is appreciated.
The dealership offered me 9000 for it but it was contingent on me buying from them, of course. I owe only 7000. In my state (Louisiana) the automobile exemption is 7500. My current payment is 500 which i am behind by three months. I have body damage to the vehicle which I had appraised at 5700 to repair. I advised the court that I would redeem for 5700 with USAA do you think that would be considered a low offer?
I want to pay it off then get something with better gas milage like an Altima, I don't want to trade in with a balance because I do not want a note I want to sell them the car and pay the difference...any thoughts on my situation is appreciated.