help

[lostand]

We are filling Chap 7 we have our meeting Weds with the trustee,we want to reafrim the house and the van,we have never missed a payment but we have another loan with the same bank we have the van with ,do you think they will take the van back because we are going bad on the other loan?

[dingdong]

Is it a bank or a credit union?

[lostand]

credid union

[StartingOver08]

Typically the credit union cross collateralizes each of your accounts (bank, cc, loan) so that if one defaults, all default. You can negotiate a reaffirmation with the van and remove the cross collateralization, but you have to have it specifically written into your reaffirmation agreement.