Not Reaffirming an Auto Loan

[subking]

Yep the Atty. says I can't do it or at least he doesn't recommend it. My question is even though I'm not reaffirming the debt I do plan to make all my vehicle payments on time. Do you think my vehicale will be repoed even though I make my payments?

[subking]

Keeping car in garage for now just to be safe.

[carbk]

They cannot repo your car if you are making your payments. I filed for bk in March 08, it was discharged in June or whatever. I also opted NOT to sign the reaffirmation agreement for my car loan and I have just conitnued to make my payments. Everything has been fine since.

[subking]

Thing is my Atty says they can repo the car even if I do make the payments since I didn't sign the reaff it their choice.

[subking]

Don't won't to lose my car only to have to re buy one at some bankruptcy rate of 30percent interest or whatever I'll be worse off.

[danaf]

When did you buy your car?

[subking]

Two months before filing. I had no choice I had to buy a car drove my previous one over 200,000 miles so it was time.

[danaf]

most of the time I advocate no reaffirmation but in your case, since you bought your car on the eve of filing - yeah - you will need to reaffirm or they will object.

[subking]

Not much I can really do now, my Atty says don't reaffirm so I'm just gonna wait and see what happens. Thing is I can't really see then repoing the car since I do make the payments and besides they can't sell cars today. I mean WTF are they gonna do with my car thier a bank not a car lot.