Filed Chapter 7, kept the car and now not able to make the payments. What are my options?

deimmas asked:


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?

Curtis

Tags: Chapter 7, Credit Card Debt, Unemployment

This entry was posted on Thursday, July 30th, 2009 at 9:37 am and is filed under Debt Consolidation. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Filed Chapter 7, kept the car and now not able to make the payments. What are my options?”

1. David L Says:
   July 30th, 2009 at 12:45 pm

   Barbara

   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.
   With that you sum up at low interest rates. For your use, giving a source.