collateral repo?

[justfiled]

Hi, Just filed for chapter 7 today. I had my car paid off years ago but last year used it for collateral on a loan. The loan is now about 15K and I'd say I could sell my car for maybe 1,000...if that. But it does run ok and I wish I could keep it. Do you think the loan company will still take it back? Is there anything I can do to keep it? I won't be able to afford a car payment for awhile, so getting another car is out of the picture. Thanks for any advice.

[jlmaca]

Hi, Just filed for chapter 7 today. I had my car paid off years ago but last year used it for collateral on a loan. The loan is now about 15K and I'd say I could sell my car for maybe 1,000...if that. But it does run ok and I wish I could keep it. Do you think the loan company will still take it back? Is there anything I can do to keep it? I won't be able to afford a car payment for awhile, so getting another car is out of the picture. Thanks for any advice.

If you filed chap 7 you now have a stay and they can't do anything except file for relief then repo. You may be eligible for a vehicle exemption ask your attorney.