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  1. #1
    Join Date
    Oct 2012
    Posts
    1

    Default Trading in a Car That Was Discharged

    My question involves bankruptcy in the state of: Pennsylvania
    I went bankrupt 2010 and have continued to pay for the vehicle i had at the time but am looking to get a new car and am a little upside down so the finance guy at the dealership said to let the car go back to the bank, just wondering if it would hit my credit again or if was discharged and doesn't matter anymore. Also the loan is through the same bank as my checking account and want to be sure they can't just take money out of my account to cover the loan once it is closed

  2. #2
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: Trading in a Car That Was Discharged

    you don't owe any money on the car if the debt was discharged in BK. As such, they cannot put it on your credit history

    as to the concern of the setoff. I cannot find anything specific to post BK proceedings for PA. I did run across something stating it is allowed in Indiana post BK. If that is true, that means the federal BK code allows it. Whether PA law allows it or not, I can't say. There is a really sharp gal that posts occasionally (despritfreya). I am certain she would know. There are a couple others that may know as well but not positive.

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