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.
Just the same as if it was your car repossessed. Legally, you hold the same liability as the primary buyer.
If your name was on the note, yes.
The car will most likely be repossessed unless you make up the missing payments and penalties.
If the car is gone, the car is gone. The car would only be covered in BK if you still had it. If you file Chapter 13 bankruptcy within 10 days of your car being repossessed, or in some states before it has been sold or auctioned, your creditor must return the vehicle to you.
You do. You were in possession of the car. The car was registered to you. Until the car is sold, you are legally and financially responsible for it.
if i get my car repossessed, can they put a llien on the house?
The car gets taken to the impound lot, and you have to file paperwork and pay a certain amount of money to get your car back.
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No. Your car gets repossessed, it's on you. You don't get to pass that on to someone else.
Yes you can retrieve personal belongings from your car if it gets repossessed. By law you are allowed 7 days after your car gets repossessed to retrieve your personal belongings.
It gets placed in the junkyard. In order to get the vehicle back you must you pay your bill, as well as pay your local junkyard company to get your car back.
The car goes to auction, then you owe the remaining balance of you loan + repossession and storage fees minus what the car was sold for at auction.
The former owner of the car, now still owner of the DEBT, gets to pay the debt. The leinholder will likely get a judgment for the balance due and proceed to collect. Uless your name is 'turnip", you will pay.
Just the same as if it was your car repossessed. Legally, you hold the same liability as the primary buyer.
Your credit is severely damaged. Stays on your credit report for 7 years. Don't let this happen. Contact the lender and work something out.
Normally your credit is ruined for 7 years.
You will also be liable for any deficiency balance