Surrendering Vehicle in Bankruptcy

[TJR70]

My question is how long will it take for the Bank to come and get vehicle after surrendering vehicle after filing for bankruptcy?

[dgaffler]

They came for mine the day after the last day of objections.

[B65]

what about if you continue to

pay early every month....wonder if they will come, never missed a payment

[TJR70]

They came for mine the day after the last day of objections.

How long was that for the objections. Oh by the way its with Wachovia if that makes a difference..

[TJR70]

pay early every month....wonder if they will come, never missed a payment

I am wondering the same thing, I never missed a payment too.. I would like to get a estimate what time frame of when I will need to get another vehicle..

[dgaffler]

61 days after my 341, I was behind on payments and it was credit union.

[outsidetool]

I filed Oct 3; got discharge notice last week. Ford Credit got the stay lifted over a month ago--which I was ok with as I'd bought another car for a much lower payment. Ford credit had refused an offer I'd made to reaffirm the loan with them, just wanting the missed payments made up a mere 2 weeks earlier than I'd proposed. I was told they'd be here to pick up the truck "within days" if I did not agree to their wants. I went and bought another car and had my attorney inform them that they could, in fact, come get their car immediately. Now, nearly two months later, the car still sits in my driveway.

[StartingOver08]

I got a reaffirmation from my lender, but could not negotiate it to something reasonable. I was current and had the last negotiations with the lender - since they would not budge, even on the due date, I filed a motion to surrender and they picked up the car within a week. It was upside down by over $8k (owed $19.5k value $10-12k).

[okiebk09]

we told ford motor credit 2 weeks ago that we were surrendering our car immediatly. they called a few days later to try to get us to keep it and we said no. it is still in my garage as it is not insured anymore since we got different cars. wonder when they will come get it.

[B65]

starting over

wow they came and took it even though you were current, will be interesting to see if they come and get mine....

B

[StartingOver08]

Yep, took it because I agreed to surrender as they would not adjust anything in terms of payments, amount due, interest rate or due date! I had intended to reaffirm. I filed the petition that way. I continued to make the payments. On Dec 12, when the payment was due, I had one last negotiation with them - they had some phone drone that did not know up from down. As a direct result of her bull-headedness I did not make the 12/12/08 payment. She would not even pass me to the supervisor! So let them eat steel! I called my attorney and said to file a surrender. We timed the surrender to be filed for Dec 29, 2008. I signed it on Dec 31 and then it was not actually filed until 1/2/09 (on pacer). I was discharged 1/5/09. Called the bank on 1/6 and they picked up the car on 1/9/2009. Of course, then I would have been 30 days behind on 1/12/09.
So at no time, ever, was I 30 days behind, even during the automatic stay because I had always wanted to negotiate a good reaffirmation (like I did on my husbands car). You never know with these lenders....each one has their own procedure. Maybe they do this so they get the lump sum 722 redemption payment, even if it is for less money...who knows.

[B65]

that makes more sense though

you had passed your car payment due date right? so how many days late were you i could not make it our from your post, Mine is due on the 1st every month but grace up to the 16th of the month... so just wondereing if you were past your grace period on one payment, I intend to pay on the first every month so it will be interesting to see if they come get it still...

[Intoodeep80]

I havent paid anything since August and informed them of my bk7 at that time. Its now 1-19-09 and havent heard a peep from them. Btw, its through natl city bank. Every time I call them and tell them its sitting out front with no insurance or plates, they transfer me 10 times and basically say somebody will get a hold of me. They have all my (correct) phone numbers, nobody has ever called.

[StartingOver08]

you had passed your car payment due date right? so how many days late were you i could not make it our from your post, Mine is due on the 1st every month but grace up to the 16th of the month... so just wondereing if you were past your grace period on one payment, I intend to pay on the first every month so it will be interesting to see if they come get it still...

Sorry my post was confusing. The timeline was:
My payment was due 12/12/08 (payments due the 12th of each month).
Fifteen day grace period up on 12/28/08.
Signed motion to surrender on 12/31/08 and filed on pacer 1/2/09.
Discharged 1/5/09. Spoke to lender 1/6/09 to make arrangements for them to pick up vehicle. They picked up the car on 1/9/09.

[jribe]

I havent paid anything since August and informed them of my bk7 at that time. Its now 1-19-09 and havent heard a peep from them. Btw, its through natl city bank. Every time I call them and tell them its sitting out front with no insurance or plates, they transfer me 10 times and basically say somebody will get a hold of me. They have all my (correct) phone numbers, nobody has ever called.

i was wondering about dropping the coverage on two cars we're not keeping... we haven't filed yet; but bought a cheaper car already. I'm driving one of the cars- since i commute. But the other one is literally just sitting in our driveway. Since we won't be filing until May, and I haven't missed a payment yet; I was keeping insurance on both- i didn't know what would happen if i dropped coverage. They both have loans on the them - and in the loan paperwork it basically says that if you don't have full coverage; they'll add it for you. Has anyone had that happen? Do they just add it to the car payment? Obviously if i don't plan on making the car payment - that's not a huge deal. It would really save us money if we could drop the insurance on at least one of them. Advice?