I see. Thank you for clarifying the situation, Jodi. Then the lender may not have received any benefit from the sale of the vehicle and that would explain why they are suing for the full amount of the loan.
Given that this is such a large amount, you may wish to consider filing for bankruptcy protection, seeking to discharge the debt altogether. If you do not qualify for bankruptcy protection for any reason, then it would typically be best to initiate settlement discussions in an attempt to avoid a judgment from being entered against you and assets/income seized to satisfy the debt.
I would normally contact the attorneys listed in the case to see whether they are open to settling the case. If they are, I would likely offer something in the neighborhood of fifty cents on the dollar since they would then avoid litigation and collection costs as well as the risk that they may never collect on the judgment.
Of course, any agreement reached should be in writing and filed with the court.
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