Backstory
Flied bankruptcy less than a year ago.
Kept vehicle and continue to make monthly payments. As bankruptcy goes that was considered not abandoning the original agreement and not included in the debt. For that matter, the timeshare, no one wanted to touch, including the trustee.
If I quit making payments anywhere along the line of the balance remaining due and forfeit my right, I assume something like this could happen, but I'm only guessing at what a likely outcome would look like.
thanks in advance
Flied bankruptcy less than a year ago.
Kept vehicle and continue to make monthly payments. As bankruptcy goes that was considered not abandoning the original agreement and not included in the debt. For that matter, the timeshare, no one wanted to touch, including the trustee.
If I quit making payments anywhere along the line of the balance remaining due and forfeit my right, I assume something like this could happen, but I'm only guessing at what a likely outcome would look like.
- the lender will assume the debt by my forfeiture?
- There is nothing they can do to recover the debt since I went thru bankruptcy?
- They could garnish my new job and paycheck
thanks in advance