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If your car was repossessed a few months ago and you owe 12K on it can they take any money from an accident settlement you are due to receive?


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Wiki User
2015-07-16 18:06:13
2015-07-16 18:06:13

Only if they know you are getting it and have a judgment against you.

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It depends on the company. If you had an injury claim, you usually have to wait until your treatment is done. Ours wasn't paid out for 4 months.

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About two months after one stops paying for the vehicle.

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You can be sued and your car repossessed.

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Hopefully you listed the asset in your schedules. If not, call your bankruptcy lawyer or trustee ASAP! This could result in all sorts of unhappy consequences. If it is properly listed, the trustee will work with you to split the settlement. Your PI lawyer gets paid first and the rest of the money is shared between the debtor and creditors. In some districts, the debtor gets nothing. Get professional help - you don't make sense even here...you were paying on the BK for six months before the accident, but filed BK after the accident?


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