I have decided to turn over my truck, just another payment I cant justify making anymore...Anyway, do I have to wait for my discharge date to do it? or can I do it now? we are right at the 30 day mark our discharge date is December 21st..Ironically that is also the payment due date on the vehicle, I made the payment for today so I may as well drive it for another month, or should I Drive it without making payments for a couple more months? I do need to find another car...thanks for the advice! and Happy thanksgiving! The bank where I have my loan also does not reafirm..
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Filed Ch.7 september 21st 2007
341 Meeting October 22nd 2007
Local trustee declared no asset Oct23rd 2007, Discharged Dec 24th
Case Closed 1/4/2008 -
I would drive the car until the stay is lifted by the lender and then you can get another vehicle. The lender should repo the vehicle shortly after lifting the stay.Bankruptcy History:
Chapter 7 filed - 10/12/2005 - Asset
Discharged - 02/16/2006
Case Closed - 11/08/2007
A banker is a fellow who lends you his umbrella when the sun is shining and wants it back the minute it begins to rain ~ Mark Twain
All suggestions are based on personal experience and research and SHOULD NOT be construed as legal advice as I am NOT an attorney. Always consult with competent counsel in your area with regards to your particular situation. -
If you can't make the payments any more then the best thing to do is to turn it over to the bank. You did make your most recent payment, so I guess you could at least wait a month...no sense in paying for something you don't have anymore.Filed CH 7 09/17/07
341 Meeting 10/17/07
Last day for Objections 12/17/07
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I will say from experience that if you call the bank and schedule the return of the vehicle they will be a lot more gracious about it and you probably won't get woken up in the middle of the night by a tow truck.
The guy that picked up my car was super friendly and we ended up standing around and talking for about 15 minutes about my wife's and my business and our working towards a fresh start. He said he hates having to track down cars or show up in the middle of the night because most people are good folks that just hit hard times.
If it were me, I'd just call the bank and schedule the surrender, it'll be easier on everybody (oh yeah, if you call them they don't use the "r" word, just voluntary surrender, which doesn't sound so bad)Comment
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And when you turn it over to the bank, make sure you take it to the bank's - if it has a local branch - parking lot, with hardly any gas left in it.Originally posted by Pinedawg09 View PostComment
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