Site: alllaw.com
... After your Chapter7 case, however, the lender won’t be about to sue you for the balance of the ... Because a contract won’t be in force, the lender won’t be able to sue you for a deficiency ... Car lenders that don’t want to lose the ability to sue you for the deficiency will require you ... If the lender takes the car back and sells it for $8,000, it cannot sue you for the deficiency balance ... However, if you reaffirm the car loan, then the lender can also sue you for the $2,000 deficiency balance ...