Legal Question in Bankruptcy in California
How long do I have to make changes
My bankruptcy was discharged 2 months ago. I included my car in the bankruptcy. I have been diligently making my monthly payments, and never missing one. I have decided I would like to try and get a better vehicle...can I still turn my car over to the finance company without any negative reprecussions? Thank you.
2 Answers from Attorneys
Re: How long do I have to make changes
I assume that you did not reaffirm the car debt. If that's the case, you can return the car without any further financial obligation. If you did reaffirm, you're bound by the reaffirmation agreement.
Re: How long do I have to make changes
If you did not sign a reaffirmation agreement with the finance company you will not be liable for a deficiency claim. If you are not sure if you signed a reaffirmation agrreement consult your attorney.
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