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Can your vehicle be repossessed after you file Chapter 7 bankruptcy?

Anonymous

∙ 10y ago

Updated: 11/21/2022

No. But they can ask to be excluded from the bankruptcy. Usually a deal can be made with the lender to keep a vehicle. If it is covered by the exemption and the borrower lives up to the contract agreement.

Wiki User

∙ 10y ago

What else can I help you with?

Related Questions

Can you keep your vehicle if you file chapter 13 bankruptcy?

yes

Can you get your repossessed car back if you file Chapter 7 bankruptcy and start making payments?

You will have to ask your bank about that. They are in control now.

If your car has been repossessed and you have not yet filed bankruptcy can you still be eligible to get the car back after you file?

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.

How long do you have to be unemployed to file chapter 7?

You do not have to be unemployed to file bankruptcy.

Can you file bankruptcy if you are hiding your car from being repossessed?

You can, but it most definitely would not be advisable. The vehicle would have to be listed in the bankruptcy schedule as a secured debt which means it is NOT dischargeable in a BK.

Can you get your car back if you file a chapter 7 bankruptcy before it is auctioned off?

If the lender is willing to reaffirm the loan with the borrower then the vehicle can be returned. A vehicle is a secured debt and is not subject to chapter 7 bankruptcy laws.

How often can I file for Chapter 7 bankruptcy?

You can file for Chapter 7 bankruptcy once every 8 years.

How often can you file for Chapter 7 bankruptcy?

You can file for Chapter 7 bankruptcy once every 8 years.

In Kentucky How long after bankruptcy can you file chapter 7 and can you file chapter 13 after chapter 7?

You can file bankruptcy again 7 years after the last time you filed.

How soon can you file bankruptcy after a voluntary dismissal of a chapter 13?

is it safe to file for voluntary dismissal of chapter 13 bankruptcy

Can you file for bankruptcy after 3 years of car being repossessed?

Sure

Can you get your car back after a repossession if you file chapter 13 bankruptcy?

In GA Can you get your car back after a repossession if you file chapter 13 bankruptcy

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