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Karen, it is possible to do so legally. You should ask your B/K attorney if it was legal the way it was done. S/he is in a btter position to know ALL the facts. Within days of filing the BK, your finance company should have received notice that you filed for BK protection. If they wanted the vehicle, they should have filed a Motion to Lift the Automatic Stay. It is up to the BK court to grant or deny the Lift of the Automatic Stay. If they didn't, then they cannot legally repossess the vehicle. If they did, they have every right to repossess the vehicle. Consult your attorney immediately.

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โˆ™ 2004-06-14 16:33:17
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Q: What happens if your car is repossessed after you file bankruptcy without a court order?
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Related questions

What happens if the bankruptcy is denied?

You will have to satisfy your creditors without the protection of the court.

What happens if you are in chapter 13 and your car gets repossessed?

If neither the lender or the repossession company is notified that you have filed, and they proceed in good faith, your car can be repossessed. If either knowingly violated the stay, you may be able to redeem the vehicle, and the bankruptcy court may fine the agencies who acted in violation.

When a company files bankruptcy what happens to the union contracts?

They can be changed by the Court.

How will bankruptcy affect the sale of real estate property?

No property can be sold, transferred, refinanced, etc. while in bankruptcy without the permission of the bankruptcy court.

Can a creditor seize your checking account after you file bankruptcy?

Not without the approval of the court

What federal court hears cases involving federal bankruptcy court?

Federal Bankruptcy Court hears bankruptcy cases.

Can a car be repossessed if a primary buyer files bankruptcy and the co-buyer has possession of the car but falls behind on payments and the court rules that the vehicle belongs to the lendor?


What happens to shareholders money if a company goes bankrupt?

It all depends on the proceedings in the bankruptcy court, the amount of assets to be re-organized or liquidated, what kind of bankruptcy, and the kind of stock you are talking about. No one can effectively answer this question without more specifics from you.

If you filed bankruptcy in Illinois and have not made a car payment this month but notified the bank of the bankruptcy will the car be repossessed or will you be notified to return it?

If you are not going to reafirm the loan, in other words- keep and pay for the car, then yes the bank will want the car back. Usually they will try to get the car back shortly after your 1st court date when the court has oked your petition to go thru bankruptcy.

Will the bankruptcy court take a lawsuite settlement?

The bankruptcy court will deal with ALL your assets.

Would bankruptcy be tried in federal court?

Yes. The federal court system has exclusive jurisdiction over bankruptcy cases; they are heard in US Bankruptcy Court.

How do I file bankruptcy in ca?

In a FEDERAL Bankruptcy court

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