Car repossession 1 year post BK7? HELP!
I would assume that since you did not reaffirm it, you can simpl
I would assume that since you did not reaffirm it, you can simply walk away from it....let them have it. Get something more affordable.
Hi
Actually, I did reaffirm the vehicle. My attorney at the time did not inform me of other options, but knew that I wanted/needed to keep my car for transportation (there is no bus line here). I wish I had known what I know now, I would have been questioning why the attorney let me reaffirm at 23%!!!
Bk7
It seems that your only option at this point is to let the car go. I would be frustrated too, but sometimes, you get too far behind and can't catch up.
If you can, borrow a car from a friend or parent for a few months and save a little money ($500 or so) and go buy a new car. There are many auto places that will sell you a car post bankruptcy. Also check out the Federal Trade Commissions website on repairing your credit after bankruptcy. It's very helpful.
However, don't forget that if they repo the car that you will still be responsible for the debt because you reaffirmed it. You can always file bankruptcy again.
Hope this helps!
Welp....
Well....they just came and picked up my car at 11:19pm....I haven't heard from Crescent Bank and Trust all week (I was thinking because of the Hurricane in New Orleans) and I guess this is why they were not picking up the phone or anything.