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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.

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โˆ™ 2015-07-15 18:38:56
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Q: Can you get your truck back after it has already been repossessed if you file Chapter 13 in Michigan?
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Related Questions

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


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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 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


Can you get your engine back out of a truck after it has been repossessed?

NOT. Good try though. LOL


Can your federal tax refund be taken if you cosigned for a truck that was repossessed?

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Can a backhoe and trailer be taken with repossessed truck?

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If your truck is going to be repossessed will you have to repay the outstanding debt?

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If your truck was repossessed in PA what steps are usually required to get it back?

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How do you find out if the truck you purchased was repossessed?

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If your truck is repossessed in Oklahoma is the finance company reqiured by law to get as much of the owed balance as possible.?

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Can your wages be garnisheed in the state of Nc 2 years after the truck has been repossessed and sold at auction?

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You need a license to drive a tow truck in Michigan. You need a license to operate any vehicle on public roads.


How old do you have to be to become a truck driver in Michigan?

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Can a repo man take a truck and trailer?

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Where do you stand if repossessed truck is sold for less then the loan?

You are responsible for the remaining balance of what the vehicle sells for and what you owed when it was repo'd.


They repossessed my truck but are now saying they didn't what can I do to prevent myself from going to jail for hiding a truck I know they repoed?

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As long as the truck you are unloading is stationary.


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