Ride-Through & Retain and Pay with BMW Bank of North America

[Dorsey]

Does anyone have any experience with BMW Bank and doing a ride-through (retain & pay) vs. a reaffirmation in a Chapter 7 setting? (BMW Bank is the in-house financing arm for BWM cars.)

I have filed in Maryland and BMW called me within a few days of my petition filing asking if I intended to reaffirm the car loan. It appears that they are in the process of putting together the reaffirmation agreement and will be sending it to me for consideration.

I'm hoping someone out there has some experience with BMW and how they handle/react to a debtor's decision to NOT reaffirm. Are they a lender which is willing to accept a ride-through/retain & pay scenario?

[Dorsey]

I understand that getting a reaffirmation approved on a BMW will be next to impossible because of it's luxury status. So I'm hoping BMW is open to a ride-through.