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  1. #1
    Join Date
    Mar 2011
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    2

    Default 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.

  2. #2
    Join Date
    Sep 2005
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    98,846

    Default 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?

  3. #3
    Join Date
    Mar 2011
    Posts
    2

    Default 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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