QUESTION
If you file bankruptcy and creditors that have titles to your vehicles do not show at the bankruptcy, can they still repossess your vehicles?
Asked on Oct 19th, 2017 on Bankruptcy - California
5 ANSWERS
If you have loans on the vehicles, and you want to keep the vehicles, you have to continue with the payments or surrender the vehicles to the creditors.
Answered on Oct 23rd, 2017 at 10:39 AM
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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Yes, bankruptcy does not eliminate a lender's lien on property.
Answered on Oct 20th, 2017 at 7:00 PM
Bankruptcy Chapter 7 Attorney serving Fort Collins, CO
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The Salas Law Firm LLC
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If you do not remain current on the loan, they can and will repossess.
Answered on Oct 20th, 2017 at 7:47 AM
Bankruptcy Attorney serving Madison, WI
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Richard B. Jacobson & Associates, LLC
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Yes. Unless you reaffirm the debt. They will need to get relief from the Automatic Stay if they want to repossess the vehicle during the course of the BR. You really need to retain a skilled lawyer. It's almost always a good investment.
Answered on Oct 20th, 2017 at 7:47 AM