1. Sep 12, 2003 #1
   

   nightowlky Well-Known Member

   I received a letter today from some creditor or "helpful" agency re:Ch. 7 and vehicles. It stated I only had to pay the OC the actual value of the vehicle, not what was owed on it.
   
   Is this true? Meaning I could get financing elsewhere for a reduced amount on my car and pay the OC that amount and I'm done?

    

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3. Sep 12, 2003 #2
   

   GEORGE Well-Known Member

   SOUNDS TO ME...(if you read between the lines)...THEY PAY THE OC IN FULL...THEN YOU OWE THE "NEW" COMPANY...WAY MORE THAN WHAT YOU OWED BEFORE...
   
   (NOT A BK EXPERT)

    

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