Legal Question in Bankruptcy in California

Liability of reaffirmation of car loan

I filled for bankruptcy 2 yrs ago. I

reaffirmed my car loan. I got a full

discharge but now i have fallen behnd

on 3 car payments. My car was

repossesed and now i dont know if it is

in by best intrest to get the car out

and continue payments. Im uside

down on the lown and the bank has

said that they can sue me for the

balance, but a friend whos in banking

said they generally never do that since

they would be out much more in legal

fees to prosecute me. what is the

reality of the situation and what


Asked on 11/09/08, 5:05 pm

1 Answer from Attorneys
Phillip Lemmons, Esq. Phillip Lemmons APC, Attorneys at Law

Re: Liability of reaffirmation of car loan

answered above.

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Answered on 11/09/08, 6:10 pm


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