Anyone know if I need to reaffirm a car loan during bankruptcy?

Hey, so I bought a car before filing for bankruptcy, but haven’t made any payments yet. Now, I’m getting mixed messages from the car company and the bank. They’re saying I don’t fully own the car, and it’s all confusing. My bankruptcy lawyer told me I’m fine, but Capital One and CarMax are saying different things. What should I do? Do I need to reaffirm the loan? Anyone dealt with this before?

Hmm, sounds like a mess. If you don’t reaffirm the loan, the lender might try to reclaim the car, especially since it was bought just before filing. Your lawyer should know about this though.

It seems like Capital One and CarMax are just trying to avoid dealing with the loan. If they can’t find your account, maybe it’s a technical issue with their system after the bankruptcy started.

I had the same situation. I didn’t reaffirm the loan, and they tried to take my car back, even though I was still making payments. Definitely talk to your lawyer about reaffirming it to avoid problems.

It’s all about the intent with the car, right? If you want to keep it and keep paying, reaffirming seems like the way to go. But check with your bankruptcy lawyer to make sure it’s all done right.

If you’re unsure, I’d recommend getting a second opinion from another bankruptcy lawyer. They can help review your case and see if there’s any mistake or something missing in the petition.