Question: I am 2 years into my Chap 13 (payments are $575 for 3 years) and I have 2 car payments. Car #1 is a very cheap payment and I want to keep that car. Car # 2 sets me back almost $350 a month and now I do not need or want this car. A family member just gave me a great car for free!!!!
I called my lawyer and he said due to new BK laws, if I surrender my car, the Car Company would go to the courts and would have the car loan taken out of my Chap 13 and I would be on the hook for the whole balance. Has anyone ever done this or know if this is the case? Thanks!
I called my lawyer and he said due to new BK laws, if I surrender my car, the Car Company would go to the courts and would have the car loan taken out of my Chap 13 and I would be on the hook for the whole balance. Has anyone ever done this or know if this is the case? Thanks!
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