Defiency On car

[jlaperch]

Surrendered my car in BK(at first was going to keep it but i let it go)...Debt shows as discharged on credit reports.

I just got certified letter saying that they sold my vehicle and there is a deficiency. Should i care. Isn't this also discharged in BK?

[AngelinaCatHub]

Surrendered my car in BK(at first was going to keep it but i let it go)...Debt shows as discharged on credit reports.

I just got certified letter saying that they sold my vehicle and there is a deficiency. Should i care. Isn't this also discharged in BK?

Yes. Toss it away, you surrendered the car, the deficiency is a non secured loan and is discharged. If they attempt to collect they are breaking the law as your discharge is an injunction in your favor. 'Hub

[jlaperch]

whew

these things always come on saturday. Can't call anybody.

Thanks for the help...thought so...WHEW!

[justbroke]

Yep, any deficiency was included in the Bankruptcy as well. However, I'd keep the letter. If you filed with an attorney, contact them on Monday and let them know that you received a deficiency "bill". If another one comes in later, contact your attorney again to take action. They cannot collect on that deficiency.

It probably says somewhere at that bottom that if you filed Bankruptcy, then this is just a notice and not a request to collect a debt.

[aces67]

We got a letter like that also. It's just standard for them to send it no matter what but you aren't responsible for the balance.

[jribe]

Surrendered my car in BK(at first was going to keep it but i let it go)...Debt shows as discharged on credit reports.

I just got certified letter saying that they sold my vehicle and there is a deficiency. Should i care. Isn't this also discharged in BK?

it will be taken care of in your BK. you don't need to pay anything. YAY!