Repo-to-Judgment Timeline?

[BrokeToo]

Couldn't find anything of help in any other posts....Please Help!

I am up for Repo of my lease financed through Ford Credit due to Ch. 7 dismissed w/o prejudice (free to file anytime)

If I surrender the car now, I would like to know the general time line of events from when the car will be sold at auction, to the final bill (with lease contract amount as well as after-auction deficiency. And most importantly, how long after that will they try to obtain a judgment to garnish wages, etc.?

I will be filing Ch. 7 again in either Sept. or August and am curious if I will be relatively "safe" until that time. I know that I would file an "Answer" to a Judgment suit, and probably request the trial to be extended, but I am not sure how much time generally passes in between all of these events. Can anybody please shed some light on the time line of events for me?

[jlmaca]

Couldn't find anything of help in any other posts....Please Help!

I am up for Repo of my lease financed through Ford Credit due to Ch. 7 dismissed w/o prejudice (free to file anytime)

If I surrender the car now, I would like to know the general time line of events from when the car will be sold at auction, to the final bill (with lease contract amount as well as after-auction deficiency. And most importantly, how long after that will they try to obtain a judgment to garnish wages, etc.?

I will be filing Ch. 7 again in either Sept. or August and am curious if I will be relatively "safe" until that time. I know that I would file an "Answer" to a Judgment suit, and probably request the trial to be extended, but I am not sure how much time generally passes in between all of these events. Can anybody please shed some light on the time line of events for me?

I also had to delay like you are trying to do. My tactic was to not let them have the vehicle. If you have the vehicle on your property in a garage they cannot take it unless the sue you and get a judgement for the vehicle first. This adds another layer for them and takes time. In my case I owed $5k on a vehicle worth 8k, an SUV which they probably did not want. I stashed it in the garage and they gave up because they have to pay the repo guy money whether they get the car or not and that can get expensive. If you plan to use the vehicle and leave it at work or anywhere remember it is fair game and can be repoed on the spot.

[MSbklawyer]

but I am not sure how much time generally passes in between all of these events. Can anybody please shed some light on the time line of events for me?

There's just no good answer to that question; too many variables. I've seen repos where the creditor never bothered at all to come after the deficiency --the amount was too small or the debtor was so hopelessly insolvent that the creditor saw no profit in pursuing it. On the other hand, I've seen instances where suit was filed in less than 2 weeks after repo. On average though, in my experience, I'd say suit is filed about 6 months out. They usually try to collect by other means first. But that is no indication that your creditor will wait that long or that it won't wait longer or that suit will be filed at all.

[floridian]

10 months from voluntary repo to summary judgement, in my case..

[BrokeToo]

Thank you all for your replies so far.... based on everything posted up to this point, I think I should be able to handle this without sinking myself too bad before I file. I have a baby on the way, so priority 1 for me is to make sure I can provide until it's time to file.

[BrokeToo]

floridian, did you file an "Answer" to the Summons or partake in any other delay tactics ie. extend out Trial Date etc.?

[HHM]

As was stated, there is no "one" answer to your question. However, I think it can be generally said that Repo deficiency lawsuits tend to happen more quickly than any other type of collection lawsuit.