top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

Keeping Car after discharge

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
    #1

    Keeping Car after discharge

    Question:
    After discharge of a chapter 7 with no reaffirmation on a car with a recorded lien is there an obligation to surrender the car if payments are not made? Why not just store the car for a few years instead? What are the ramifications of storing car to prevent repossession?
    Tags: None
    #2
    Originally posted by dan1970
    Question:
    After discharge of a chapter 7 with no reaffirmation on a car with a recorded lien is there an obligation to surrender the car if payments are not made? Why not just store the car for a few years instead? What are the ramifications of storing car to prevent repossession?
    Worse case scenario is the Lienholder will file a civil suit against you. You'd be better off surrendering the vehicle.

    Good Luck!
    The information provided is not, and should not be considered legal advice. All information provided is only informational and should be verified by a law practioner whenever possible. When confronted with legal issues contact an experienced attorney in your state who specializes in the area of law most directly called into question by your particular situation.

    Comment

      #3
      surrender??

      never. besides the lienholder is also my employer which still owes me $$$ for back wages. suits dont scare me. What's the worse in a civil suit? they cant sue me for the balance since that was erased in chapt 7 with no reaf. Plus the value of the car is about $6000 and would fetch about $3500 tops at auction.

      Comment

      Previous template Next

      bottom Ad Widget

      Collapse
      Working...
      X