Thread: need legal advice re:repossion

OK, so I am needing some help here. Here is the situation, back in 1999 we bought a used van for 8500 through a loan agency. we were to make 60 payments on it. months later, sept of 2001 we let get get trepossesed. We took it back, on our own becase it was a true lemon, we have had nothing but problems with it. well, the loan company supposudly auctioned it off for 1100 or 1200. My inlaws were a cosigner on this. Anyway, we had a fire feb 03, which forced us to claim bankrupsy for some reasion our homeowners insurance was never started (long story) my point, we ahd to keep paying on this loan becase his parents were the cosigners and we didnt want it to fall back on them, kwim? Well this past jan. we refinanced it and put it in our name only, this loan was STILL at 7500.00 I told jason I am not paying it, it is rediculous that we have been paying 191.00 a month for almost 6 years, and it hasnt even made a dent. Granted, we did refinance once and got an additional 1000.00 to make repairs on the van. Well, they have been threatening us to send it to the magistrates office for non payment. Well, today we got notice of a hearing (we didnt pick up the letter yet, but I am assuming that is waht it is for.)

We do not have much, my question is what can they take to pay off this debt, or what will happen to us? I am really going to try to fight this, I mean we have already paid back close to 8000.00 I am concerned. anyone kow where I could find some information about this, or something, DH is having a fit, and i too am worried, I know I should have just paid on this stinking thing, but I will in total be shelling out over 20000.00 fo something I dont even have anymore!

Thanks