Repossession

Bankruptcy filing does not stop a car repossession. The contract you entered into most likely gives the lender the right to reclaim possession of the vehicle if you default on the terms. Depending on the bankruptcy chapter (7 or 13), you may either a) Have to pay the deficit over time, chapter 13 or b) have the deficit forgiven, chapter 7.

The deficit is the difference between what you owe (+ repossession and disposition fees) on the vehicle and what it brought at auction. The lender is required to get maximum value for the car at sale. Genrally, courts have held that wholesale value satisfies this requirement. Therefore, the deficit is likely to be quite large.

Not without insurable interest in a car.

If you do not have a car, you do not need to have insurance. If you rent a car, you can get insurance for the rental, but that is a temporary policy.

If you have permission to drive the car, you should be insured under the policy of the person from whom you borrowed the car.

Usually there is a grace period for late payments; however it is not a requirement.

yes

First question: Yes, they can come on private property, with some limitations. They may not enter an enclosed building or cross a locked gate.

Second question: Unless they gain consent of the owner of that vehicle, they cannot enter or move any other vehicle in order to get to the vehicle they're repossessing.

yes if it is open

legal tender.

yes it can.

You need a find a friend or a family member willing to help you.

Your creditor added a negative entry (a charge-off) to your credit report and will continue to attempt to collect on the debt.

Let me make this clear ABSOLUTELY I have been in the automobile business for 12 years. And that is a huge deal if the person didn't make the last payment for some reason take it to small claims court.

by law they cant, unless that deceased person left the car to the person who's trying to get it.

No. Because the loan is deferred. meaning its post poned. which means you should not have to make payments until they change the status of the loan deferrement.

Ex: with my student loans they are deferred until I'm done with college or i stop going to school

No.

Washington State law allows Mallory to be paid up to 36 hours late.

This can only be interrpreted that you are asking whether it is legal to hinder the recovery of the lender's property. The answer is no. In some states, if you actively or even pssively attempt to hinder the legal repossession of a vehicle for which you have not paid the loan, you could be arrested and charged criminally.

Now, literally, provided the agent is able to secure the vehicle, does not violate any federal, state, or local laws, and maintains the peace, yes.

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.

Notify your insurance company and file a claim. Failing this, you will pay the balance owed on the loan. The property that secured the loan, that which was stolen, only acts as security for the lender.

Mechanics. Or "Automobile Repair Specialists" if you want to get fancy.

If you are delinquent on your car note, and the lender has ordered repossession of the car, a repossession agent may come to your home or place of work and demand you surrender the vehicle. If you refuse, or attempt to hide the vehicle, you could, in some states be held criminally liable. The lender could pursue criminal charges against you for hindering their efforts to recover their property. You see, when you contract to make payments on a car, you do not own it, the lender does. You are in essence paying to use the car until the loan is paid in full.

In some states you could be charged with hindering and arrested. In others the lender could seek a replevin against you at which time you would either give up the vehicle or face criminal charges. Other lenders will simply take you to court and seek a judgment against you, at which time you will have no choice in how the debt is recovered or when. It will be taken from your pay check, your bank accounts, your tax returns, it could aid in the forced liquidation of other property.

Your two easiest options are pay the note or turn in the vehicle. As long as active repossession is in place, you will lose the vehicle; it's just a matter of time.

Yes. If the car's value at repo was under what you owed they can get the difference, court costs and interest.

It depends on the state, but generally, in the U.S. the lein holder will eventually sue you for the difference of what the vehcile sold for and what you owed on it. Generally speaking, you will either have to pay it or file bankruptcy.

Seven years.