Law & Legal Issues

Your car was repossessed. you have to make an offer of payment. if they do not accept the offer can they force bankruptcy?

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Wiki User
11/19/2014

They can't force you into bankruptcy, that is a choice you have to make based on your ability to pay your debtors. When a car is repossessed it is sold and you have to pay the difference between what you owe and the cars sale price.