Legal Question in Bankruptcy in Maryland

I filed a chapter 7 in Maryland and was given a discharge of debtor. The loan company for my car sent me a notice of right to cure default that states that if the stated is not paid by 7/29/11 they will repossess the vehicle. I do not have the amount stated and take some time to get it. How is this possible and what can I now do.


Asked on 7/17/11, 5:03 am

1 Answer from Attorneys
Daniel Press Chung & Press, P.C.

While your car loan was discharged (unless you reaffirmed it), the lien remains and you have to pay it to keep the car. If you can't pay it in a lump sum, and they won't agree to let you make payments to catch up, you may be able to file a Chapter 13 bankruptcy case to cure the deficiency. However, it may not be worth doing that for a car.

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Answered on 7/17/11, 6:33 am


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