What if I decide not to keep my car?
You may choose to give up your car. In this case you would not have to make payments but you are required to return the car to the lender usually within a month or so after we file. I recommend that you keep the insurance until the car is returned. After it is returned the lender will sell your car and usually give you notice of the sale. Sometimes the notice says you will be responsible for any deficiency if the car sells for an amount that is less than what is owed. That notice is a form notice and that statement is not true. Your debt to them will be discharged and they will never be allowed to collect any money from you.