Reply to thread

Message

I started to lease a new vehicle in January 2016, had to file chapter 13 in April of 2016. I kept the vehicle and My lease payments were included in my monthly payments to the trustee. My bankruptcy was officially discharged in May of 2018. Since then I have continued making the payments on my leased vehicle . My lease will be up in March and I will have significant over mileage and wear and tear fees (greater than $10 K). I started to panics because I definitely do not have this money and to roll it into a new vehicle would result in me needed to make a large down payment. I contacted GM financial who the lease was thru and they told me that since the vehicle was included in the bankruptcy I could just turn the vehicle in and walk away from it not being responsible for any of the additional fees. Does this sound accurate??
I was concerned that these fees counted as new post petition debt and that I am responsible for them since my bankruptcy was discharged. It just sounds too good to be true and I don't want to get myself into any trouble .

Thanks !

-Rachel

<blockquote data-quote="Rachel B." data-source="post: 284627" data-attributes="member: 124625">I started to lease a new vehicle in January 2016, had to file chapter 13 in April of 2016. I kept the vehicle and My lease payments were included in my monthly payments to the trustee. My bankruptcy was officially discharged in May of 2018. Since then I have continued making the payments on my leased vehicle . My lease will be up in March and I will have significant over mileage and wear and tear fees (greater than $10 K). I started to panics because I definitely do not have this money and to roll it into a new vehicle would result in me needed to make a large down payment.&nbsp; I contacted GM financial who the lease was thru and they told me that since the vehicle was included in the bankruptcy I could just turn the vehicle in and walk away from it not being responsible for any of the additional fees. Does this sound accurate?? I was concerned that these fees counted as new post petition debt and that I am responsible for them since my bankruptcy was discharged.&nbsp; It just sounds too good to be true and I don&#039;t want to get myself into any trouble . Thanks !-Rachel</blockquote>

[QUOTE="Rachel B., post: 284627, member: 124625"] I started to lease a new vehicle in January 2016, had to file chapter 13 in April of 2016. I kept the vehicle and My lease payments were included in my monthly payments to the trustee. My bankruptcy was officially discharged in May of 2018. Since then I have continued making the payments on my leased vehicle . My lease will be up in March and I will have significant over mileage and wear and tear fees (greater than $10 K). I started to panics because I definitely do not have this money and to roll it into a new vehicle would result in me needed to make a large down payment. I contacted GM financial who the lease was thru and they told me that since the vehicle was included in the bankruptcy I could just turn the vehicle in and walk away from it not being responsible for any of the additional fees. Does this sound accurate?? I was concerned that these fees counted as new post petition debt and that I am responsible for them since my bankruptcy was discharged. It just sounds too good to be true and I don’t want to get myself into any trouble . Thanks ! -Rachel [/QUOTE]

Verification: Enter the number of minutes in an hour.