What GWBcasualty has explained is exactly what our lawyer advised us. I did not file until we knew for certain that the lien had been perfected. To file and hope that it had been perfected because a reasonable amount of time had passed would be to gamble blindly with the loan amount.
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1/15/10 Filed ch7 2/18/10 314 meeting
2/22/10 Report of No Distribution
4/20/10 Discharged 5/20/10 Closed! -
So how do you determine if the lien has been perfected?04/01/10 - Hit rock bottom and knew we were going to have to file for bankruptcy and surrender our home.
12/14/10 - Filed Chapter 7, 02/09/11 - 341 Hearing, 04/14/11 - 
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In our case it meant that the lien (automobile) had to be recorded with the state. We had to take the original title to the lcourt house, fill out a form ot have the lien recoeded, and they sent the title to the state. Since our loan was from a friend, we waited until they had received the title in the mail from the state. They (state) claim that it is instantly recorded in the system by computer, but couldn't offer a way for us to verify that it really happened, so we waited for someone to actually see the title with the lien recorded on it. More progressive states may have a way to check on-line to verify that the lien was recorded.1/15/10 Filed ch7 2/18/10 314 meeting
2/22/10 Report of No Distribution
4/20/10 Discharged 5/20/10 Closed!Comment
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Thank you!Originally posted by pcn View Post
"Usually" "feel" and "should be" don't cut it for me... nothing personal.
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