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What is a creditee?

Updated: 9/18/2023
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12y ago

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Creditee is a the one who is having taken a loan or credit from the loan or credit provider

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12y ago
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Q: What is a creditee?
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How much time does the creditee have to give back the vehicle after a bankruptcy court grants a Release Of Motion To Stay?

That's the decision of the lender. The lender can take repossesion of the vehicle immediately. Sometimes a lender and borrower can come to an agreement to make up any missed payments and adjust payments so the car can be kept. The BK court does not usually take action involving secured debts. Unless there is a forced sale of such property.