What can I do, please help!!!

[bigrizdough]

What is the name of your state?Indiana
Here are the details of my situation. I traded in a car last June and the dealer then sold my trade-in and never paid it off. Then the dealership went out of business. The bank I had the loan with put a lien against the dealers building and it has not sold. I offered to return the car so the bank could sell it to get some of the money I owed. Now the bank filed court papers saying I owe the whole amount. Can they get the money from me even though they have a lien on the property and I don't have the car? Did they refuse payment because they would not take the car back? Thanks for looking and any advice would help.

[ablessin]

did your new car papers state the old car was going to be paid off - or did you roll over the remaining payments into the new car loan??

Get your papers out and read them carefully.

You might want to consult with a local attorney - maybe they can help you keep your car and clear up this debt -IF that is truly the case and the dealer was supposed to pay off your car. Or, if someone there "forgot" to roll in your old car balance into the new payment book.

[bigrizdough]

The dealer did note the old car should be paid off and the bank sent a check for the amount of the new vehicle and pay-off of the old. Thanks again for your reply. But what can I do if I can not afford an attorney?