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"How will filing for bankruptcy help before your car is repoed? As soon as the B/K is filed, an AUTOMATIC STAY is in force. lenders must stop ALL collection efforts. If your not able to file for bankruptcy before being repoed how long will it take for them to garnish your wages in Ohio. ": That will depend on how quickly the lender files the paperwork, the court gets to it,ect. Guesstimate?? 1-6 months.

2015-07-15 19:09:34
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How soon can a car be repoed after filing chapter 7 bankruptcy?

Because of the "automatic stay", which goes into affect as soon as a Bankruptcy is filed, your car cannot be re-possessed while the Bankruptcy is in progress (unless the creditor files a motion with the court asking for relief from the automatic stay). However, as soon as the Bankruptcy is discharged or closed - which occurs approximately 6 months after it is filed - the car can be re-possessed.


If your car has been repossessed can you get it back when filing bankruptcy?

Quentyn, these questions are best asked of your B/K attorney. S/he will give you the legal advice you are PAYING for. Good Luck If your car is repoed and you've already filed for Bankruptcy (Chap 7) will you be able to ask for your car back if you still want to continue paying?


How late can you be before a car is repoed?

3 months


If you file for bankruptcy and your car is being repossessed through the bankruptcy with a loan on it and the car interior has been modified and damaged would you still owe anything on it?

If the car is being repoed then you owe something.


If your car was repossessed and you went and got another one are you still allowed to file bankruptcy?

You car being repoed has nothing to do with bankruptcy. You can file anytime. If you are filing though, make sure you keep track of the value of the vehicle v. the exemption in your state for cars. You may end up having to pay the trustee more if you get an expensive car. IF you get a car that is 100% financed though, don't worry about it. (The bank would own it, not you)


Can a repoed auto be sold for just what is owed if it is worth much more?

A repoed auto is usually sold far below its retail value. If you have a chance to sell it yourself and pay off the loan before it is repoed you will be dollars ahead, even if you lose money on the deal.


Is it better to file bankruptcy or let a car get repoed?

Depends on your monetary situation.If you can make the payments then no but if you have alot of debt then yes declare.If they repo you lose the car and all the money you invested in it to that point.After the car is auctioned(at a very low price)you are then responsible for the balance plus all the fees.So if you go into bankruptcy before a repo you are much better off monetarily.


What happens if your car has been repoed after filing Chapter 13 - weeks after?

Contact your Bankruptsy Attorney. Tell him/her what has happened. They will be able to best advise you what avenue to pursue.


Can your wages be garnished for a repoed vehicle in portland OR?

they should not be able to garnish wages for a vehicle the leinholder has taken back into their possession for payments not being made. They have the vehicle back, so its not right for them to take your money.


What can be done in IL if the repossession agent has destroyed your ignition but denies it?

First, get some sort of proof that it was NOT destroyed before it was repoed, call the lender who had it repoed and askk for repairs to it. If they refuse, call a local attorney.


What is the statute of limitation for a repoed vehical to sue the company the repoed the vehical?

I want to take the company that repoed my truck to court. I need to know what the statue of limitation is to file.


If you bought a motorcycle on yamaha's credit card for 89 a month and after two years it went up and they repoed it sold it for blue book can they garnish your wages for interest and fees in FL?

Short answer. Yes. They must first sue you and win a judgment in small claims court. Once they have done that, they can garnish your wages (some exceptions apply) they can seize bank account balances and more. Your best bet is to try to negotiate a repayment plan with them before they file suit.


If you called the creditor and arranged payment for late car note and he agreed to the arrangements but repoed your car isn't that somehow wrong?

Yes, its SO wrong. Same thing happened to me and the day I was to wire them the funds, they repoed my car. So, I got an attorney, filed bankruptcy and they gave me my car back. Now, they will get 1/2 of what we agreed on. Idiots.


Can a lienholder put a repo on your credit if the car has been totaled and instead of filing a claim you wish to keep the car and keep paying on it?

YES, IF you were in default and they repoed it. NO ins. coverage IS default. Do you HAVE the car NOW?


If you are the cosignor and the car was repoed and they want to garnish your wages who can you go to to get help to pay it off?

who can you go to to get help to pay it off?? ANYONE who will loan you money. If you dont want to let them garnishee your wages and get it $40.00 a week. LOL Good Luck


Can you sell your car before it gets repoed?

Even if you could you would still owe the bank the money they paid for the car.


Can a car be repossessed before the end of the business day?

dont see why not. I've repoed a car within a hour of getting the assignment.


How long do you have without making a payment before they pick up the car?

0 days--It is at the companies discretion..there is no law stating a vehicle has to be a certain number of days before it can be repoed


Can you get your wheels back if car was repoed?

No As far as finance company is concerned the car came with wheels, it has wheels on it when repoed. Done deal.


I filed bankruptcy in July and included my car in the bankruptcy it discharged out of court in Oct its now December and they still havent picked up the car how long after that does the car become mine?

unless you opted to keep your car and continue to make payments, they should have repoed it already. in other words, if you still want to keep the car you can only if you keep paying for it.


My car was repoed can i file bankrupt and get it back?

NO.


What happens if you quit making payments on a car that has been discharged in a bankruptcy?

Same as anyone who doesnt make the payments, it gets repoed. You cant drive for free. NO special treatment for you. I'm pretty sure that the law is the same in most states regarding bankruptcy. Until the bankruptcy is discharged, the bank has no legal recourse to the vehicle. (Common misconception is that consumers can quit making payments on vehicles when chapter 7 or 13 is filed, this is not true! most likely a judge will rule in favor of the Finance company owed, which only makes it look worse if you stopped paying for it!) As soon as the discharge is submitted by the court, the finance company has full legal claim to the collateral on loan that is in default. FYI for those thinking about filing bankruptcy: IF you want to keep your vehicle/property, do NOT quit paying for it. If you cannot make payments inform the bank that you are filing bankruptcy, but want to come up with a solution to keep your car. Most financial institutions would much rather hear from the debtor and make resolutions than to attempt to post it for repossession. In my experience in Recovery, the banks offer a new contractual agreement, or re-finance to help you get through the few months that youre in Bankruptcy status. Good Luck


If your car is repoed can they charge you to get back you personal belongings?

no


Do repo papers have to be shown when your car is being repoed?

no


Is it better to drop off your car before it is repoed?

Financially it doesn't matter, but at least you know when you're going to drop it off rather than have it repoed and have to walk home, and it's usually a pain to get your personal belongings from the repo guys. Also if you have anything aftermarket, including stereo, they won't let you take it.