Since client is dumping unsecured debt she is in a good position to pay her monthly payment on the car. Retain and pay is what I would like since I think that is the best avenue for the client. We have not signed any reaff yet. It just came in mail yesterday. Despite the Dumont case, I’ve had a number of clients do the “retain and pay” option on vehicles financed by Honda. I have GMAC sending all kids of letters trying to get my client to reaffirm on a loan that had $400 owing as of the filing a few months ago. The loan is likely paid off by now, but they keep sending dunning repo letters about my lack of returning it to then. I also have American General claiming a security interest and threatening to repo the siding on my client’s home. That will be interesting.
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