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Selling Car Under Bankruptcy

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  • 03-04-2011, 05:45 PM
    djordan1184
    Selling Car Under Bankruptcy
    My question involves bankruptcy in the state of: delaware. I have a truck that is under my bankruptcy. I called the creditor that the truck is financed with and they told me that the 15 day payoff is 14,000 the blue book on the truck is 30,000. I called my lawyer to find out if I could sell the truck and that would discharge my bancruptcy plus money in my pocket. She told me that the trustee was showing that I owed 20,000 wouldn't that be including interest. And all I would really owe is the payoff which is 14,000. And my other question is can selling my truck be done. I would be paying off the bankruptcy early if I was able to do this.
  • 03-06-2011, 10:21 PM
    Mr. Knowitall
    Re: Selling Car Under Bankruptcy
    The only debt in your Chapter 13 plan is the truck? You've been in the plan for how many years?
  • 03-08-2011, 07:38 PM
    djordan1184
    Re: Selling Car Under Bankruptcy
    I have been in the plan for abou two and half to three years and I have the truck and a couple of minor balances such as two credit cards totalling about 400,and about 700 for lawer and what's left for the trusty but if I sell the truck I can pay all that off right?
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