Re: REPOSSESION

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On 2/02/05, roosta wrote:
> On 2/02/05, REBECCA wrote:
> Is there any way I can get out of paying the rest owed on the
> car?
> SURE, declare bankruptcy. It happens all the time.

The amount of the debt less the proceeds from the auction is
called the deficiency balance. You are "only" liable for this
amount if the lender sends a post-repossession notice
containing all of the disclosures that are required by the
statute.

Best of luck.