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What schedule to use for a repo?

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    What schedule to use for a repo?

    My car was repossessed by Ford a couple years ago. They garnished my wages a while back to pay for the difference they say they lost, the difference I owed from the amount they got when they sold/auctioned it. A couple weeks ago they filed a judgment and cleaned out my bank account. I am filing Chp. 7. Where do I put this? Is it a secured or non-secured debt? Priority or non-priority?

    #2
    Whether you list it as secured or non-secured (a debt is a debt), I don't think it matters as the Trustee will issue a form for all creditors to fill out and from there the creditors list the debt as secured or non-secured. That is horrible they wiped out your account, I hope you shut it down or at least stopped putting money into it! I hope all goes well ! ! ! The way I see it, you don't have the car anymore, so there is nothing the creditor is securing. I COULD BE WRONG. Hopefully others will chime in here to lend their expertise.

    Best of Luck, Catchmeifyoucan
    July 2006: Filed Ch13 :blink:
    Oct 2006: Converted to Ch7 :clapping:
    Jan 2007: DISCHARGED :clapping:
    Nov 2007: CLOSED :yahoo::yahoo::yahoo:

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