Reaffirmed vehicle...now I don't want it!

[Stilltheone]

I *think* I already know the answer, but I want to make sure.

Back in Nov, we bought a Cadillac Escalade...not the smartest move we've ever made, but at the time, hubby was making good money. Fast forward, we filed bankruptcy and decided to reaffirm it because I still needed a car to drive.

Now, the gas is killing us and we want something different. We reaffirmed it, am I SOL? I have this feeling I am.

We tried trading it in, but we owe a little under $19K and it's worth about $8K trade in value.

We're thinking about buying another car, keeping the Escalade in the garage for awhile, pay down on it, and then trade it in for a car for my husband in a few months.

Any ideas?

[ThreadsSnapping]

When exactly did you sign the reaffirmation agreement? When was it filed with the courts?

TS

[Stilltheone]

We signed it in May, it was filed June 12th. We're already discharged, so I'm thinkin' I'm SOL on this one.

[ThreadsSnapping]

Unfortunatly, you are, but just by a few days it seems. You had 60 day from when it was filed to recind it. Sorry.

TS

[AngelinaCatHub]

We signed it in May, it was filed June 12th. We're already discharged, so I'm thinkin' I'm SOL on this one.

I believe you are. At this time, the reaffirmation in default can be sue able. 'Hub

[cool33097]

Agree with pp. See if you can find someone willing to take over your loan.

[Stilltheone]

Unfortunatly, you are, but just by a few days it seems. You had 60 day from when it was filed to recind it. Sorry.

TS

I suppose I can't just send a recind now, can I? LOL It's only a few days....

I didn't know we could recind after discharge. Thanks everyone!