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If a car is cleared in bankruptcy and the car does not start do you have to fix it before they come pick it up?
Wiki User
∙ 18y ago
No, but most lending contracts stipulate that secured property must be kept in the same or reasonably acceptable condition as it was when the borrower took possession. Therefore it is likely the lender will have the car repaired and add the costs to be paid by the borrower. New bankruptcy laws now allow a lender to recover the entire amount of the loan plus applicable costs and legal fees, rather than only the resale deficiency amount.
Wiki User
∙ 18y ago
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If you filled for bankruptcy then modified a mortgage can the mortgage company come after you or will it still be in your bankruptcy?
Great question for your BK attorney
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Is it okay to purchase a car before you file bankruptcy?
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