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    Need Advice!

    I have a friend who is filing a chapter 7 like I did and he also has a car he's going to surrender. The difference between us is he has another car that's paid for but needs repairs.

    He said that after he gets his discharge and before he surrenders the vehicle, he's going to strip some parts off of it to sell for money to fix up his other car.

    I told him that can't be legal. He claims that since he lost his liability on that car loan, whatever they get for it at auction is up to them and that they can't come after him either way.

    I have a bad feeling about this and was wondering if anyone knows about this? Can he get into trouble?
    -----------------------------
    Filed Ch. 13 - 12/15/04
    Converted to Ch. 7 - 7/11/05
    341 Meeting - 8/11/05
    Discharge - 10/11/05

    #2
    Sounds like your friend needs to take course in "honesty"..
    Your friend strips his car befor surrender, he may find a claim to his insurance company for damages by him....then his insurance cancelled because of it.....
    Not a smart move on his part - for sure...

    What goes around, comes around, I've heard...

    Minny
    Minny

    "It's amazing the paths that our feet sometimes follow in life".

    My suggestions are from "personal experience" and research only. Do not consider this as legal advice. Each bankruptcy case is different.

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