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Can I surrender this car? HELP!!!!!!

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    Can I surrender this car? HELP!!!!!!

    Question: I am 2 years into my Chap 13 (payments are $575 for 3 years) and I have 2 car payments. Car #1 is a very cheap payment and I want to keep that car. Car # 2 sets me back almost $350 a month and now I do not need or want this car. A family member just gave me a great car for free!!!!

    I called my lawyer and he said due to new BK laws, if I surrender my car, the Car Company would go to the courts and would have the car loan taken out of my Chap 13 and I would be on the hook for the whole balance. Has anyone ever done this or know if this is the case? Thanks!

    #2
    Post this under Ch 13. It doesn't sound right to me, but I don't know the answer to your question. Maybe HHM or JustBroke can jump in with the answer.
    Filed CH 7 9/30/2008
    Discharged Jan 5, 2009! Closed Jan 18, 2009

    I am not an attorney. None of my advice is legal advice in any way..

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