The amount of time it takes a creditor to obtain a writ of plevin for a repossession varies in each state. Based on the local court jurisdiction, processing times to obtain a writ of plevin may take between 15 and 60 days.
The time frame for a creditor to sue you after a repossession varies by state, but typically it ranges from 2 to 6 years. It's important to check the specific statute of limitations in your state to determine the exact time frame.
In most states 10 days but some are longer.
Thats a good question to ask your B/K attorney for state specific advice.
The loan company can repossess any car that the payments are delinquent on. Your BK does not prevent repossession of your car.
For the most part, creditors cannot do this; the creditor will have to obtain a judgement against you first giving them the right to do so. You'll be notified of the pending court case.
As long as they feel its worth it, i have come accross a collector from 6 years ago that i forgot about - they rarely forget. There are not time limits for when a creditor or collector can pursue debt collection procedures. In the U.S. all states have SOL's pertaining to how long a creditor has to file a lawsuit against the debtor to obtain a writ o judgment.
Your policy requires that you, ''promptly report all accidents'' failing to do so could result in the claim being denied, file it immediately.
The repossession stays on your credit report for 7 years.
7 years
The repossession process of a car usually takes about 6 months
You being arrested has no bearing on your loan. As long as you make the payments on time there will be no repossession. The loan company does not care if you are in jail as long as they get their money.
The regulations will vary by state. Typically you have a certain number of days in which to come up with all of the missed payments and repossession charges. After that time the car will likely go to auction or be put up for sale by the creditor. If you call the creditor they should provide you with that information. Otherwise call a bank or credit union in your area to find out how long you have to get it back. Good luck.