Car Loan vs BK

[CarlBear]

Would it be better to let the finance company repo the car, then file the BK? Or Notify them of my intent to file a BK, surrender the car to them for resale and include the difference in the BK. This is a joint loan between my ex and I. Her name is listed first on the loan and they usually try to contact her first, although the address information is mine.

TIA

CB

 

[bigun]

I'd do the easy thing and surrender the car, tell them of the bk and let them know they will be included . At least all the phone calls stop and they don't have the cost of a tow truck operator pulling your car in.

 

[CarlBear]

Thanks for the reply!