Kind of a repo. question...

[patunia]

We have a personal loan that has a lien on our car (or so they say). I have been informed that it is possible that they (the loan company) are "telling" us the loan is secured with our car title, but they may not of actually filed a lien with the DMV. If this is the case, then they actually do not have our vehicle and we may be able to include them in our BK. Does anyone here know how I go about finding out if there is an actual lien on our car?

Thank you

[jayalln]

We have a personal loan that has a lien on our car (or so they say). I have been informed that it is possible that they (the loan company) are "telling" us the loan is secured with our car title, but they may not of actually filed a lien with the DMV. If this is the case, then they actually do not have our vehicle and we may be able to include them in our BK. Does anyone here know how I go about finding out if there is an actual lien on our car?

Thank you

Um well first off you check that with the dmv. The can inform you if there is a lien on the title of your vehilce. Next why would some have lien on any of your personal property unless you agreed to it. The only other way that could happen is that the company would have had to sue you and gotten a judgement.

[patunia]

Yes, we did agree to the lien in order to get the loan. I was informed that it was possible they really didn't have a lien on it. Sometimes this particular company says they have a lien on the title, but in reality all they do is have physical possesion of the title. If that were the case, and the loan was not secured, then we can include them in the BK without fear of them taking our car.