Video Blog: Voluntary Repossession and Deficiency Balances - The Bills.com Blog

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Video Blog: Voluntary Repossession and Deficiency Balances

Friday, Aug 7, 2009

Question: What is voluntary repossession, and more specifically, what are deficiency balances?

Answer:














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User Comments

1. Posted by geraldine on Wednesday 26th August 2009 17:50

i can no longer afford my car, i am not behind in payments, but am struggling, i checked on chapter 7 so i wouldn't have to pay the deficency, but the lawyer wants 1200.00 to take my case, if i had that kind of money i wouldn't be in this fix, my husband is on disability and i work full time, but there is just no enough money, i have no credit card debts, the house is in his name, what can i do

2. Posted by Bill on Wednesday 26th August 2009 18:17

You have options. I recommend you read my answer to another reader who had a similar question. My answer is long, but I want you to read it through to understand your options.

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