Legal Question in Bankruptcy in Maryland
Chapt 7 Relief from Stay
I recently filed Chapter 7, before the meeting of creditors, I received a motion for Relief from Stay from my car finance company. I am not interested in keeping the car and did not intend to re-affirm the loan. My concern though is by filing the relief from stay, will they be able to collect from the me the balance of the loan minus the auction price?
Asked on 4/06/09, 2:49 pm
1 Answer from Attorneys
Daniel Press
Chung & Press, P.C.
Re: Chapt 7 Relief from Stay
No - your personal liability will be discharged.
Answered on 4/07/09, 8:25 pm
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