Not necessarily. If you are current on your payments, you can keep your car as long as you don't have too much equity in it. The amount of property you can keep in bankruptcy depends on your state's exemption laws. http://www.bankonitsd.com/San_Diego_Bankruptcy_FAQ_7.html http://www.bankonitsd.com/Bankruptcy_FAQ_general_exemptions.html
If you continue making payments on your car you may keep it. If you do not owe anything on your car you can keep it so long as your trustee does not assume the equity in it in order to pay off creditors.
NO.
No.
1)he will take the car you left if that is the car to be repoed. 2)If you are traveling in the car to be repoed he will wait for you to return and repo it after you get back.
In GA Can you get your car back after a repossession if you file chapter 13 bankruptcy
Yes. In that order.
Yes, If you are trying to get the vehicle back you can file a Chapter 13. but you have a very short window typically 10 Days to get filed to have much success of getting the vehicle back. Or you may need to file if your window has passed to protect yourself from future liability. The lender will sell the vehicle and if there is a deficient balance will pursuse you for collection of the remaining balance.
If the car is being repoed then you owe something.
No As far as finance company is concerned the car came with wheels, it has wheels on it when repoed. Done deal.
Contact your Bankruptsy Attorney. Tell him/her what has happened. They will be able to best advise you what avenue to pursue.
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 will filing for bankruptcy help before your car is repoed? As soon as the B/K is filed, an AUTOMATIC STAY is in force. lenders must stop ALL collection efforts. If your not able to file for bankruptcy before being repoed how long will it take for them to garnish your wages in Ohio. ": That will depend on how quickly the lender files the paperwork, the court gets to it,ect. Guesstimate?? 1-6 months.
yes you have to pay the difference or you could file for bankruptcy, with a repo involved it sounds like your having money problems so that could be a way out of it a chapter 13 would allow you to be free and clear from the debt of property repoed or from an extra payment you could do without. trust me chapter 13 saved me from loosing my house when i lost two vehicles and stoped the wage garnishments for what i was left to pay on my repoed vehicles. hope this helps.