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Yes, but a BK will only, at most, delay a repossession. A chpt. 7 isn't really a way to pay back arrears and its possible the creditor can get a relief from stay. Moreover, its not advisable to file a chpt. 7 merely over late car payments, as you will be prevented from filing another chpt. 7 for a few years.
What else can I help you with?
Can you get your repossessed car back if you file Chapter 7 bankruptcy and start making payments?
You will have to ask your bank about that. They are in control now.
If you file Chapter 7 and include your car how long do you have before they come and get it and how can you buy some more time?
Keep sending payments and the creditor should be happy.
Can you get your car back after a repossession if you file chapter 13 bankruptcy?
In GA Can you get your car back after a repossession if you file chapter 13 bankruptcy
Filing a Chapter 7 with 2 payments owing on your car how long do you have in getting it current before the creditor can take it if you plan on curing the default 30 days after filing?
When you file a Chapter 7 bankruptcy, you have the option to keep your home and 1 vehicle. If you are able to make the last 2 payments on the car, you can keep it and not include it in the bankruptcy.
What happens if car is totaled in chapter 13 but no claim was filed for the car?
A car is not totaled in a chapter 13. A car may be totaled while the owner is in a chapter 13. If the car was fully exempted, nothing happens. If you need to buy a new car, you will have to get permission from the bankruptcy court after you file a specific purchase agreement (car loan) which should not seriously affect your plan payments. Why are you not asking your lawyer?
Can you lose a car if you file bankruptcy?
Yes, you can lose a car if you file for bankruptcy, but it depends on several factors, including the type of bankruptcy you file and the value of the car. In Chapter 7 bankruptcy, non-exempt assets may be sold to repay creditors, which could include your car if it's not protected by exemptions. However, if you file for Chapter 13 bankruptcy, you may be able to keep your car by restructuring your debt and making payments over time. Always consult with a bankruptcy attorney to understand your specific situation and options.
If you file Chapter 7 Bankruptcy can the lien holder on a car already repossessed that you are making payments on still collect?
IF its filed properly,NO. Why not ask your B/K attorney this question??? That's what you pay them for.
Can you repossess a car that is under your name from a friend who is always late on the payments?
Yes, it is your car.
When filing Chapter 7 is a car loan department discharged by your credit union?
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.
Car repo in ny?
A car can be repossessed in the state of New York if payments are late or defaulted. The only way to not get a repossessed is to make your payments on time.
If a bank repossesses a car do they have to return it if you file Chapter 7 bankruptcy?
No.
If a car was repossessed and you called and said you would pay all late payments why wouldn't they let you have the car back?
Perhaps the car is worth more than the remaining payments!
