Chapter 7 Buys Time to Redeem Your Vehicle
If your vehicle is worth less than its debt, and you can get the money representing that value, you can "redeem" the vehicle free and clear.
A Fresh Start on Your Vehicle Loan through Chapter 7 “Redemption”
You may be able to keep your vehicle for less money by "redeeming" itâpaying its present fair market value instead of the full debt.