I Owe a Deficiency From My Repossessed Vehicle. – Denise

“Dear Steve,

I owe a deficiency of $15,000 for a repossessed vehicle that my credit union auctioned. And am thinking about just adding all my other debt (medical bills) to the bankruptcy. The collectors for my medical bills haven’t contacted me in a while, and I want to know how much I owe the collectors. I don’t even know who the collectors are. :/..(I’m from California)…I’m currently unemployed. I haven’t received a credit report since I had leased my now-repossessed car (2 years) ago, and I’m ridiculously broke.

Denise”

Dear Denise,

Yes, you can just add the repossession deficiency into the bankruptcy. I would suggest you ask your bankruptcy attorney if they can run your credit report for you. That way they will have all the information on hand to file.

Steve Rhode Debt Coach and Author

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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