I filed for Ch.7 on Friday 2/1, initially I wanted to keep my car it's a 2015 Sentra with 14443 left on the loan. It's only worth 7 something. I'm going back and forth on whether or not I should keep the car. I have zero interest on the loan so all my payments go straight to the principal.
I just want others opinions and experiences.
Also, what are other people experience with Nissan and not reaffirming with them?
Thank you in advance.
A car repossession, on many levels, can be even more damaging to your future credit life than even a bankruptcy. I would avoid a repossession at all costs.
On one hand, you have a newer car with zero interest... on another hand you have a car worth a lot less than you owe. Up to you to decide... but the smart money would be to turn it in. If you don’t have a way to get another you may not have an option...
I didn't know it was up to the trustee.
So even if I've never been late and paid on time the trustee still might not let me keep it?