I just went through a Chap. 7 BK and had a mobile home and a travel trailer on the reaffirmation list. However, I never signed the reaffirmation agreements and I couldn't continue to make the payments. Both items were repossessed and the banks have sent letters stating that if I still owe them money after the sell of those two items, they would sue me and I would be liable for the remaining debt. Since I did not sign reaffirmation agreements, am I still liable for the remaining debt or is that debt discharged like the rest of my debts?
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By the way, This is in TExas. -
Check your discharge papers and your credit report and see if it says "discharged in bankruptcy Chapter 7"....
IF SO, you will owe nothing on the mobile home or the trailor... the debt was dissolved in the bankruptcy petition. As long as you signed no reaffirm with them!!
They can say all they want - but sue they can't......
But if you did sign, then yes you will be responsible for paying the difference when its sold.
MinnyMinny
"It's amazing the paths that our feet sometimes follow in life".
My suggestions are from "personal experience" and research only. Do not consider this as legal advice. Each bankruptcy case is different.Comment
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