touchofgrey
Junior Member
What is the name of your state?What is the name of your state? California
I am filing for Chapter 7 next week. I'm way upside down on my auto loan which is a little over a year old. I am, however, current in my payments. In my Statement of Intentions, I plan to say that I will surrender the vehicle because I'd rather not reaffirm unless I have to. I realize that the loan company cannot force me to reaffirm but I know they can exercise their option to take back the vehicle. My question is this, can I change my Statement of Intentions from surrender to reaffirm after filing the bankruptcy if it looks like the loan company is planning to take the car back before the discharge? I'm not so worried about them taking the vehicle back after the discharge as I should be able to get another loan at that point (which probably won't be any worse than the 19.99% I am paying now).
I am filing for Chapter 7 next week. I'm way upside down on my auto loan which is a little over a year old. I am, however, current in my payments. In my Statement of Intentions, I plan to say that I will surrender the vehicle because I'd rather not reaffirm unless I have to. I realize that the loan company cannot force me to reaffirm but I know they can exercise their option to take back the vehicle. My question is this, can I change my Statement of Intentions from surrender to reaffirm after filing the bankruptcy if it looks like the loan company is planning to take the car back before the discharge? I'm not so worried about them taking the vehicle back after the discharge as I should be able to get another loan at that point (which probably won't be any worse than the 19.99% I am paying now).