There is nothing about a repossession which prevents eligibility to file for bankruptcy.
NO collection activity may occur legally during bankruptcy proceedings.
as a repo
You need to calol the LENDER and discuss this.
repo rate is 8%. reverse repo rate is 7%
An automobile loan is secured by the vehicle title, meaning that the lending institution has filed legal notice of interest in the vehicle. Even if you file chapter 7 bankrupcy, the lending institution can repo the car if you don't make payments.
Chapter 7 of the bible will always be chapter 7.
7 years from the date of repo.
Each one starts from date of report to CB. Its NOT the repo report that will hurt. The JUDGEMENT will stay there longer and has more teeth.
A Chapter 7 can be filed with an open Chapter 13.
Supernatural - 2005 Repo Man 7-15 is rated/received certificates of: USA:TV-14
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