I will be filing chapter 7 in March and I called the bank today to tell them that I am turning the car back to them that I can't afford it anymore. She told me that once they sell the car at auction I will be responsible for the remaining balance if there is one after the sale (there will be). Will the bk cover this?
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Yes, the difference will be discharged in bk.
Good Luck!May 2008 Hired 1st Attorney/Stopped paying CCs
May 21, 2009 Retained 2nd Attorney
May 28th - Filed for Ch 7 (FINALLY!)
9/11/09 - DISCHARGED!!!!
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yes you can include the judgement or deficiency balance. We're in the same boat! Two cars that are each about 10k under water on value.. We can't file until May- so i'm just hoping that they can't get a judgement before we can file.Originally posted by frogsdime View Post
Good luck!Filed Pro Se: 10/16/2009
341 Scheduled: 11/23/2009
Last Day for Objections: 1/22/2010
Discharged: 1/28/2010Comment
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