Our family has gone through some really hard times the last several months. We have a family van and I have a truck I bought new a few years ago. We've been going through some financial couseling and it was suggested that I sell the truck to free up some cash and pay off the loan. My wife and I have been talking about going car-lite for a while since I can ride to work most days.

Here in lies my problem... my truck is worth less than what I owe!! Even if I manage to sell it, I would still owe money which is contrary to what I am trying to accomplish. I've thought about calling up the bank and telling them to take the truck back. My credit is already trashed as we went into foreclosure but we were able to pull out of it. We are trying to simplify our lives, so my credit rating to a moot factor at this point.

So what would you do??