Giving my car back to the bank

[rjd78]

Okay, so, about a year after I filed for Ch 13, my car basically stopped running (needs about $3k worth of work). So, my attorney informed the bank that no more payments would be made on the vehicle and that we were surrendering the car back to them. In the meantime, I was approved to incur new debt to get a new car.

Fast-forward to today...

The bank has yet to contact either myself or my attorney about coming to get the vehicle. It has since been sitting in my father's garage. So, I contact the repo department of the bank and asked what was going on. They required that I fax them a copy of what the mechanics said was wrong with the car and they would "decide if (they) were going to come get it."

My question is, what happens if they decide NOT to come get it? I mean, I'm not making payments on it through my Ch 13 plan (and haven't done so for about 6 months). So, what now? Do I just park it at a Wal-Mart or something?

Thanks for any help.

[debtinohio]

I don't have an answer but I would be interested in how long it would stay in the parking lot of a 24hour Walmart. Try to get a spot up close so it's less obvious at 3am.

[SMinGA]

Probably best to ask your attorney.

If you park it somewhere and it gets impounded - you may be responsible for impound & storage fees. Depending on your state you could also get hit with penalties if you don't keep it tagged & insured.

If they decide they don't want it, your attorney will know what is needed for you to be able to legally dispose of it.