[seekinghelp123456]

My question involves an auto loan or repossession in the State of California. I paid more for my car than what is was worth. Now they want what Blue Book didn't cover. I have 30 days to file a response in court and don't know where to begin. If I file for bankruptcy asap will that stop the process? Should I contact the attorney and try to set up payment arrangements? Once this process starts is there any way to stop it?

I would very greatly appreciate any advice or help anyone has to offer. Thank you!

[OhMy]

My question involves an auto loan or repossession in the State of California. I paid more for my car than what is was worth. Now they want what Blue Book didn't cover. I have 30 days to file a response in court and don't know where to begin. If I file for bankruptcy asap will that stop the process? Should I contact the attorney and try to set up payment arrangements? Once this process starts is there any way to stop it?

I would very greatly appreciate any advice or help anyone has to offer. Thank you!

We all pay more for a car then it is worth. Thats how cars are.

Usually when they repo a car it is sold at auction for much less the its value. They can them sue you for the shortage along with repo costs, interest charges , legal fees etc.

YES if you file a bankruptcy it will stop this process and these types of debts are usually discharged in a chapter 7 bankruptcy.