Filed Chapter 7, kept the car and now not able to make the payments. What are my options?
Had filed for chapter 7 and kept the car. The credit card debt was consolidated into the car loan therefore the amount owed on the car is more than the car is worth. Due to unemployment, am not able to make payments and want to surrender the car back to the lender. Can I do this and what are my options?
Posted February 8th, 2010 in Bankruptcy Q And A. Tagged: car loan, chapter 7, credit card debt, unemployment.
i don’t have much knowledge about Chapter 7. But the best option is to go for refinancing you car loan. My friend did same before a year.
February 8th, 2010 at 7:34 amWith that you sum up at low interest rates. For your use, giving a source.