<prompt> Human: Say I go out and buy a 50,000 car and put it on my credit card. Then I call up one of the many debt negotiators that are on TV during the day and on the radio and have them work with my credit card company to negotiate my debt down to 30,000. Then I pay the negotiating firm who took over my debt the 30,000. Now I have 0 balance and a 50,000 car, right?Besides the hit to my credit, would this even work? This is hypothetical of course, I wouldnt actually do this.  <response>: IANAL or a debt negotiation expert, but my guess is that this wouldnt work. No one is obligated to forgive debts because a negotiator says so. If you tried this through bankruptcy court, they would liquidate unnecessary assets, like an overpriced car.That, and its absurdly wrong. 