Catching up the payments and retaking possession of the car is no longer an option. I was working on such a deal but simply ran out of time. The letter I received from them said the car would go on sale on a certain date (which has already passed). I took it to mean that the car would be auctioned that day, but when I asked about it, they said it was being prepped for sale, things like determining it's market value, and so forth, and that the car would be sold soon. Basically, I got the impression that the opportunity for "working it out" has passed, and now they are just going on with the business of being a bank.
I was mainly looking for answers on the credit cards. I guess I just felt strange being asked to discharge debts that aren't really in distress, accounts that I have faithfully paid for many years. I know it's a bit unrational, in that the credit card company feels absolutely none of the same...I guess you could call it loyalty to me.
Anyway, thanks for your answers. There is just one other quick question: I have student loans. From what I've heard, student loans cannot be discharged in a bankrupcty, so are they just automatically re-affirmed, or how does that work? I'm mainly just curious on that one.

