What happens if your car gets reposessed after only one year? please help...?

[YCEE]

I had my car for only 1 year, and still owed 11k on it. I got a letter in the mail about
the creditor either selling it to reduce my debt or letting me buy it back. I can't buy it back, but I know if they sell it they will get a lot less than 11k for it. Does that mean I would have to still pay them a huge chunk of money? Is there any way I can just stay debt free once they have my car? ( I live in California )

[NationwideKia]

Once they sell it (you can't sell it) at auction for auction value and add on the fees involved they will try to collect the difference from you. You can either make payment arrangements to pay the balance or you can avoid it until they sue you and obtain a judgment and garnish your wages or you can file bankruptcy. Good luck!