Newbie - Question about vehicle

[danaszabo]

I am ten months post bk discharge. I chose to keep my vehicle and did NOT file a reaffirmation agreement. I am getting slammed with my vehicle (always have been) am totally upside down and the payments are obscene. I have received a much better offer for a new vehicle, better interest rate, etc. I had a very crappy attorney and left with A LOT of questions that are still unanswered but I do vaguely remember being told that if something happened down the road and I were unable to make any further payments, my vehicle would simply get repossessed and I would not be obligated to pay any amounts after auction, etc. Does this sound accurate? If so, I was wondering if I could just let the bank take the old vehicle and start over fresh? Thank you!

[despritfreya]

If you did not sign a Reaffirmation Agreement just call the lender and tell them to come get it. You have no financial exposure.

Des.

[danaszabo]

Thank you very much for your help. That is what I thought.

[yang0837]

I started over fresh, just today actually! It wasn't worth it with maintenance, gas, etc. Like Des said, if you didn't reaffirm then just return it.

[danaszabo]

Is there a time limit I have to do this within? Thanks!!

[debee]

No time limit. In fact, you can stop making the payments/let it get repo's anytime you want.