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#1
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bk and leaseWhat is the name of your state? ca i leased a vehicle almost 5 years ago.i filed chapter 7 1 year ago.the whole amount of the car was discharged but i continued to pay the bank to keep the car.the lease will be up in 3 months which i will pay until the end..what happens then who does the car belong to will they come get the car ,do i keep the car or what please advise..after the lease is up do i continue to pay if so to whom Last edited by helenamwm; 02-26-2003 at 02:29 PM. |
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#2
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| When the lease is up, you can turn it back into the dealer and owe them absolutley ZERO. Ordinarily you could get a buy-out price (which is usually inflated, of course), and that may still apply, but I'm not sure.
__________________ "Knowledge is Power - use it as you see fit ! I am not a lawyer or a member of the legal profession. My advice is based on research and experience, my own and others, some who practice law. You decide for yourself what actions you do or do not take from my advice. |
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