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Once Ch 7 is discharged and the auto is returned to lender is there an obligation to pay the difference between the sale price and the loan amount?


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2005-02-20 04:39:52
2005-02-20 04:39:52

I presume that you purchased the vehicle and sometime after that you filed the Chapter 7 Bankruptcy. If that is the case and you included the Finance company on your list of included creditors, then the discharge does just that. It discharges the debt forever and you do not have to pay any difference. Yes, as this is usually one of the terms of the contract.

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