My wife and I just received our Chapter 7 discharge last month in state of GA. We have a vehicle financed through Honda that we did not reaffirm and did a ride through. We are way upside down but kept it as we felt it was our best option for a reliable vehicle.
My wife's parents are wanting a new vehicle and have offered us their paid off Toyota at a little less than book plus no interest to pay off and small monthly payments.
Couple of questions, since we did not reaffirm, can we give the car back to Honda and not be liable for any difference correct? I believe thats what we were told when we decided to not reaffirm but want to make 100% sure as we could not afford to give up a vehicle and get hit with a deficiency judgement or repo fees!
On the vehicle we would be getting, how do we handle this, they are okay with us just getting title and registering it in our state(they are different state) but reading on here someone mentioned that this would be receipt of property after discharge but within a 6 month window. Whats that about as I am not aware, and either way we owe on it, title in hand or not.
Thanks in advance!
My wife's parents are wanting a new vehicle and have offered us their paid off Toyota at a little less than book plus no interest to pay off and small monthly payments.
Couple of questions, since we did not reaffirm, can we give the car back to Honda and not be liable for any difference correct? I believe thats what we were told when we decided to not reaffirm but want to make 100% sure as we could not afford to give up a vehicle and get hit with a deficiency judgement or repo fees!
On the vehicle we would be getting, how do we handle this, they are okay with us just getting title and registering it in our state(they are different state) but reading on here someone mentioned that this would be receipt of property after discharge but within a 6 month window. Whats that about as I am not aware, and either way we owe on it, title in hand or not.
Thanks in advance!
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