When do you ? ?

[RainMoM]

When do you negotiated with the bank on reafirmation your vehicles ? Is it before your 341 meeting, after ?? And do you call the bank direct or does your attorney negotiated the terms for you ???

[AngelinaCat]

We did ours the day we filed. The attorney's assistant called our CU and set it up. We signed papers and faxed or emailed them--I have forgotten which. However it turned out that whatever we signed was not proper. We got a second set of papers from the CU and had to sign them and get them notarized. We sent them off by mail. The CU is in Dayton Ohio and we are in Florida. The CU took the papers before the court in their district and they were approved.

I need to ad that we had to reaffirm the car and an overdraft account, or the CU would kick us out. 'Hub had been with this institution for 40+ years and wanted to stay with them. He had several conversations with their BK division, and all ended up going well. We spent a couple of weeks with checks being bounced and having restricted access to our account until the papers were approved. Then the CU honored the checks and reversed the NSF fees.

[RainMoM]

Thanks Cat .. So who negotiated the terms of your loan for you ? You or your attorney ? and are most banks willing to help you, by lowering the interest rate ?

[RainMoM]

well I'm two weeks away from my 341 meeting and still haven't heard anything about my reafirmation on my vehicles ?? Is this normal ?

[Amy26]

I'm 2 weeks after my 341 and have heard nothing on my reaffirmation from Toyota. I'm wondering if I should call them? Or should I have the attorney call them?

[RainMoM]

I'm 2 weeks after my 341 and have heard nothing on my reaffirmation from Toyota. I'm wondering if I should call them? Or should I have the attorney call them?

Have you continued with the payments ? I have.,,.

[debtmonster]

My attorney wanted over $600 to make a deal on my car. To me it wasn't worth it. My car has high miles for its age, plus it's not all in perfect condition. The windshield now has a big crack in it that came out of nowhere. Plus the interior is all shot from the stereo stuff I put in.

I have from now until the discharge date to come up with any decent kind of money and see if I can make an offer after the discharge.

[Amy26]

Have you continued with the payments ? I have.,,.

Yes, I'm making payments to their "bankruptcy" address.

[aljohnson007]

In my statement of intentions, I said I would reaffirm my loan with Nissan (NMAC). However, I didn't receive any statements after I filed and never heard from them. So, I called and was advised they would not do the reaffirm unless I was represented by an attorney but that if I kept current on the payments, there would be no repo and normal statements would resume after the auto stay had expired. So far, so good.

[RainMoM]

I go to my 341 meeting next week and still no word one the reafirmation of my two vehicles ?? I'm starting to get worried.. Should I call them or what ? When does the bank do the reaffirm ????

[BradyFL]

For what it is worth..

My wife and I have not paid on our cars since March 2009..filed first week of may..341 in june...today is 60 day challenge...did not reaffirm..have not piad on either one...

I think because of the economy...Banks are backed up..we had plann b if they were to be repod...but nothing so....for what it is worth..located in central florida..citi financial is on one..

[bf2bf]

My wife and I have not paid on our cars since March 2009..filed first week of may..341 in june...today is 60 day challenge...did not reaffirm..have not piad on either one...

I think because of the economy...Banks are backed up..we had plann b if they were to be repod...but nothing so....for what it is worth..located in central florida..citi financial is on one..

So what happens now?
Since they didn't challenge within 60 days, have they given up their right to collect and you get to keep the cars debt free?

.

[RainMoM]

My wife and I have not paid on our cars since March 2009..filed first week of may..341 in june...today is 60 day challenge...did not reaffirm..have not piad on either one...

I think because of the economy...Banks are backed up..we had plann b if they were to be repod...but nothing so....for what it is worth..located in central florida..citi financial is on one..

I have been paying for my cars on time !! I don't have a plan B in the case

[pookieny]

I got my reafirmation papers about a two weeks before my 341 and I did not reafirm because I am not keeping it. My 341 was July 17. I have a toyota financed by Wachovia and I have not heard anything from them. The last payment I made was in June but that was just paying the May payment, so now I am 3 months past due.

[RainMoM]

I got my reafirmation papers about a two weeks before my 341 and I did not reafirm because I am not keeping it. My 341 was July 17. I have a toyota financed by Wachovia and I have not heard anything from them. The last payment I made was in June but that was just paying the May payment, so now I am 3 months past due.

one of my car loans is with Wachovia, and the other is with Chase. I'm concerned with Wachovia, seeing they have merged with wells fargo and I have added wells fargo to my Bk (house)