I am considering surrendering my car now 8 months after discharge, I did not reaffirm the loan with chrysler but I kept making the payments but im realizing I should have gave it up with the bankruptcy, I talked to my lawyer and he said that if I surrender the car now that I may be liable for and negative from the auction because I kept sending the payment and that is the same as reaffiming, any input is appriciated!!
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Where did your atty practice law?
Not reaffirming means the debt was discharged in the bankruptcy and you do not owe a thing. You can surrender. The only situations where I think you might have an issue (not certain) is if there was an accident recently where you took insurance proceeds and did not fix the car.
Or was this a lease? If a lease, it could be different. Leases just need something in writing saying you are going to assume the lease. Does not need to be filed with the court. Check w/ your atty (if its a lease) and see if anything in your paperwork said anything about assuming the lease.Get mortgage modified: DONE! 7 months of back interest payments amortized, payment reduced over $200/mo
(In the 'planning' stage, to file ch. 13 if/when we have to.) -
I'm in the middle of the same thing. Discharged 14mths ago did not reaffirm. Been paying on the loan. Stopped paying 2 mths ago. Have not heard a word from the bank. I'll
drive till they take it. I have replacement auto tagged and insured now.Comment
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Well I guess I dont need to worry no more about this, I got lucky enough to sell the car saturday!!Comment
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I assume you made enough money to pay off the vehicle and get the title?Originally posted by tmielke1 View PostComment
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Good deal! Congrats...Originally posted by tmielke1 View Post
I did not reafirm my auto after a chapter 7. I owe about $5000 and it's worth about $5000 so that's a wash. I have not paid a penny towards the debt and as I mentioned in another thread the car is now in another state. Since I can't get the title to register it the new location I'm out of luck when the current registration expires. So I'll just have to give it back.Comment
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