Voluntary Repo

[ToughSpot]

I have a Ford pickup that was used for my business before we shut it down. I am now a couple payments behind and have been trying to sell it but no bites. Since I will most likely be letting all the rest of my accounts go shortly credit will be shot anyway. I plan to call up Ford and let them know they can have the truck back. I know they will sell it at a loss and try to collect from me, by then it's likely I will have filed Ch7 anyway.

Anything about the voluntary repo process I should know about before I call them?

[junker]

years ago i also requested a voluntary repo on a porsche i had..with b of a...i called them they sent a truck and i had no problems..especially since you will be filing bk...as i did in when i lived in southern ca..shouldnt be any problem..as you know though...if you dont file they will try and collect the difference...and they really dont care what it sells for at auction...

[floridian]

when i first started to file a chap 7, my lawyer told me to turn in my harley davidson to the credit union... i called them and made arrangements to deliver it to them.. i delivered it to their front door in like new condition and took a taxi home...

now the bastards are suing me and charging me 700 bucks for the repo, that they didnt do... they said it was for the paper work involved..

i should have made them come get it..

[reneeka]

voluntary repo

I just gave back a 2003 Cadillac Deville to Wachovia Dealer Services. I owe a bit over $14,000 on the car. They just sold it at auction for $1,000! They told me that they wouldn't sell it unless they got a fair price. lol. Also, they filed a claim against my insurance for some minor scratches on the car, my insurance rep says they often do this. (I would take pictures before you turn it in.) I think that my insurance company is going to pay them $700 for the damage, even though the car has already been sold. I did talk to WDS yesterday, and they seemed interested in taking a settlement of $2,000. I still haven't decided if I should try to settle or continue with the bankruptcy.

Anyway, good luck.