We have a vehicle we want to reaffirm. Our attorney told us should be no problem. My only question is in regard to the date we normally make our payments. Our payment due date is on the 3rd of every month, with a late fee assessed if not received by the 13th. I always pay it somewhere between those dates, but never later than the 12th. Would this be considered late enough for my lender to attempt to repo if the vehicle is not reaffirmed? Or am I just over-thinking this? Loan is with Suntrust, btw.
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Filed Ch. 7: 10-28-2010 Report of No Distribution: 12-16-2010 Disharged and Closed 2-18-1011
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You are over thinking this, to quote you. Pay as normal.Stopped paying: 08/10, Filed CH7: 08/27/10 , 341 & No Asset Report: 10/6/10, Last day to object: 12/06/10, Discharged: 12/07/10, Closed: 12/08/10
AHEM.....NOT AN ATTORNEY, NOT ADVICE, ETC, ETC -
I asked the same question of my attorney, late means 30 days. However, Florida law requires you to re-affirm or the lender will repossess the car.Comment
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Correct, however, you go by the lender's definition. Due on 3rd, late by the 13th.Stopped paying: 08/10, Filed CH7: 08/27/10 , 341 & No Asset Report: 10/6/10, Last day to object: 12/06/10, Discharged: 12/07/10, Closed: 12/08/10
AHEM.....NOT AN ATTORNEY, NOT ADVICE, ETC, ETCComment
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I should have clarified my answer better...when you file for Chapter 7 in FL you cannot be late on your secured debt. In that case, "late" means 30 days per our attorney.Comment
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Thanks, all. I figured it was just my OCD kicking in. Lol. Our attorney said the trustee here doesn't have problems with reaffirming and the attorney's office will sign it. I'll stop stressing now.Filed Ch. 7: 10-28-2010 Report of No Distribution: 12-16-2010 Disharged and Closed 2-18-1011Comment
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