I have a lien on my truck and dirt bike and I am upside down on both. I am willing to surrender both of them in my bankruptcy. The value of them won't pay of the loans. Will I have to pay the difference or is that washed away in the bankruptcy? Thanks so much! I am overhwhelmed by all of this and I am trying to do this on my own, without an attorney.
-
-
When you file and surrender the secured property (truck and dirt bike), your debt is wiped out by the BK. That is the whole premise behind the fresh start - your debt is washed away.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.. -
That is what I thought but i wasn't 100% sure. Thanks for your comment...Originally posted by StartingOver08 View PostComment
Comment