Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
1) You said, "...when contract was up...". If the contract is up, what outstanding balance is there?
2) Were the sellers listed as creditors in the Bankruptcy filing?
Since the debt was listed in the Bankruptcy petition, and since it was not re-affirmed, there is nothing the sellers can do if you do not pay the balance.
I think this is what you wanted to know. If not, please let me know.Thank you!
They are mistaken, or they are trying to scare you.
"Forfeiture" means they are giving up their right to collect any money for the contract. They cannot get a judgment for the balance of the contract, because the liability for the balance of the contract was discharged in the Bankruptcy, similarly to what happens to mortgages that are included in Bankruptcies.