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It depends. Did the bank reposses or did you turn the car over in lew of payment(this would have been worked out with the bank)If the bank repo'ed the car, once they have sold the vehicle they could sue you for the the balance owed (subject to state laws that may govern this transaction.)

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Q: You owe 40000 dollars on a truck you let it go back to the bank can the bank take you to court?
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