HomeAfter you file bankruptcy how long does the creditor have to repossess a car?
Wiki User
2015-07-14 16:03:39
2015-07-14 16:03:39
NOT sure on this, but it seems that until they give up the right to repo by getting a judgment for the amount owed, they could still repo. Once they get the judgment, they would not have the car for security for the loan. Ill check on it and post again in a couple of days.
They may let it go due to lack of security, but remember: no payoff, no deed certificate.
Related Questions
A creditor can repossess a vehicle at any time after a default(late payment, lack of insurance, etc.) occurs on the contract.
The loan company can repossess any car that the payments are delinquent on. Your BK does not prevent repossession of your car.
You do not have to be unemployed to file bankruptcy.
8 years between discharge of bankruptcy to re-file.
Bankruptcy will prevent a foreclosure but you still have to reaffirm the loan and begin paying or the bank will repossess your house regardless of bankruptcy. Bankruptcy temporarily halts the process for up to a couple months.
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