I have asked this question before but I am not sure if I got the answers I was looking for. We are filing on July 15th and my car payment was due on April 24th and I have not paid it and I am not going to. My lawyer said it was up to me what I wanted to do. Well my husband and I decided to only pay his car that we are keeping because we need to save money for an appraisel and to pay the lawyer and some other things. Well what happens if the car gets repoed before we file? What is the difference since I was going to let it go anyway?
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When I filed I had a leased 2007 G6 and a Bought 2007 Trailblazer which I owed way too much on. We decided to purchase 2 new vehicles a 2007 CX-7 and 2007 Camry before our Chapter 13. We were already about 3 months late on the payments of the G6 and trailblazer. I called them both up and told them to reposses and they did not come and get them. We finally had to just take the G6 to a local dealer and give them the keys and let the finance company know where it was so they would get it. With the trailblazer we made a deal with finance company to take the vehicle to CarMax which paid them 11,000 for a vehicle I owed 25,000 on and they wrote the rest off.
Bottom Line is I would not worry about repossession until at least 90 days late and if you plan on surrending it anyway it does not matter.
Beam14
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