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Is a person responsible for the remaining balance of a reaffirmed car loan when it is voluntarily returned to the dealer after a bankruptcy? |
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[Edit] 
Answer
Yes.
When you reaffirm you agree to continue the debt and it is removed from the bankruptcy estate.
Also, the debt in this case is post-peition.. as in it came about after the date of filing.
First answer by Nate. Last edit by Nate. Question popularity: 126 [recommend question]
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Answers.com > Wiki Answers > Categories > Business and Finance > Personal Finance > Money Management > Loans > Auto Loans and Financing > Is a person responsible for the remaining balance of a reaffirmed car loan when it is voluntarily returned to the dealer after a bankruptcy?
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Are you responsible for a reaffirmed dept? If you reaffirmed my car am you stuck with it? How do you know if my car loan was reaffirmed after bankruptcy? In bankruptcy can you be held responsible for balance of car loan? If a car loan is written off in a bankruptcy can yousttle the balance due for 50?
