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Can you get your truck back after it has already been repossessed if you file Chapter 13 in Michigan?
Wiki User
∙ 8y ago
No, you cannot. If you declare any kind of bankruptcy, the bank knows hey are likely going to have to loose a percentage of their investment and will immediately auction off the collateral to the highest possible bidder to apply the proceeds to as much of the loan as possible so they can get the rest back through trustee payments, if at all possible.
Nice thought, but sorry no go. A friend of mine had a similar theory, but banks have to look out for their loan collection.
Wiki User
∙ 8y ago
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Does having the title to a repossessed truck give you any legal rights?
NO, the truck probably has been sold already and the lender got a repossessed title to sell it with. Of course they do make mistakes. LOL
If your workers truck was repossessed and he had your tools inside how do you get your tools back?
ask the guy that repossessed your workers truck for the tools that were in that truckask the guy that repossessed your workers truck for the tools that were in that truck
How can you buy a repossessed truck?
Go to bank or other place that repossessed the truck. Pay cash for it etc
What do you do once your car has been repossessed?
I have a welding machine on the truck they repossessed can they keep that?
How can I get my repossessed truck back in Indiana?
The only way to get a repossessed truck back in the state of Indiana is to pay the balance owed. Sometimes, you can contact the lender and make arrangements to get the truck back without paying the whole amount.
Are you still liable for the payments if your truck is repossessed in Alberta?
Yes you are
Can your truck be repossessed if you are using it for income?
Yes, your truck can be repossessed even if you are using it to earn an income, however, you can tell your creditor that you are earning money with your truck, and that if the creditor does not repossess the truck you will use that income to make payments on your loan. Of course, if you are not making payments, and spending all of your income on other things, then the creditor has no motive to let you keep the truck.
Can your federal tax refund be taken if you cosigned for a truck that was repossessed?
Legally, YES.
Can you get your engine back out of a truck after it has been repossessed?
NOT. Good try though. LOL
Can a backhoe and trailer be taken with repossessed truck?
If they only have an order of repossession of the truck, then no. Otherwise, the trailer and backhoe would be considered stolen.
If your truck is going to be repossessed will you have to repay the outstanding debt?
READ your contract. Likely the answer is YES.
Can your car be repossessed while parked in reverse?
Yes/No, because if it is parked in reverse, the back wheels would be dragging, and soon shift gears (If repossessed by a chain truck), but if it is a flatbed tow truck, then yes, it can be repossessed, because the back wheels would not be dragging, therefor the wheels would not shift gears and ruin the vehicle, or reverse of of the truck!Why are you asking, has your car bin repossessedbefore?-Zachary T. Davis06/03/12
