That is true in my case, i have a low interest rate and i owe a little bit more then its worth not to bad. My big question is does this now make the loan unsecured? my attorney is not really sure. He is an experienced bankruptcy attorney but has not seen anything like this. After I do not reaffirm the debt, what happens next? after the discharge is the grey area. The earlier comment by senior member Jk makes since also but even with that I am not sure. Question is did the bank really screw up by not correcting this two years ago and now while in chapter 7 is the debt wrote off as any unsecured debt and i am able to keep the vehicle.
Thanks llworking