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lease end option during chapter 13

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    lease end option during chapter 13

    i have 2 cars, both leased, the lease will be coming to an end in the middle of my chapter 13.

    can i just continue to make the lease payments past the lease end date, or would the car company take the car away?
    (i guess i am wondering whether the "stay" would protect me etc, none of the lease was reaffirmed)

    thanks.

    #2
    At the expiration of the lease term, you will be required to either surrender the vehicle or buy it. This contingency should have been dealt with when formulating the Chapter 13 plan.

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      #3
      You will need the trustee or courts approval if you don't plan it prior. I have one leased car and one that's paid off, the paid off one is high mileage and not in good shape, I was told to buy a new car and keep it under $490 or so. There is a cap on payments that they will accept.

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