QUESTION
What happens is we give back a vehicle we reaffirmed?
Asked on Feb 21st, 2012 on Bankruptcy - Virginia
More details to this question:
I filed ch.7, was discharged 7/21/10.A vehicle was reaffirmed, owe $15,000 still and can’t get it. If we let it go back what happens? We need to get rid of it because it’s having serious issues. If I tell them to come pick it up and they do not get payoff will they garnish my wages or call it even? How does this work? Should I call them directly?
1 ANSWER
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Since you reaffirmed, they can come after you for the deficiency after they sell the vehicle at an auction. This will include a judgment followed by garnishments.
Answered on Feb 21st, 2012 at 10:39 AM