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Urgent -Can you file for Bankruptcy after your car has been repo'd?

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Please help.

If your car has been repossessed, can you then file for Bankruptcy, even if its a few weeks later? Can you include the amount the dealership loses in the auction, and all of the other fees associated with the repo?

Or does the car have to be repossessed after you file for bankruptcy?

I am in California.


Thank you!




The creditor can repossess you car even if you make a single missed payment as per the agreement. However, you can include the deficiency balance under bankruptcy.

Sub: #1 posted on Fri, 07/17/2009 - 23:55

SC SC
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(Posts: 3673 | Credits: 370.75)

great. Thank You.

Sub: #2 posted on Sat, 07/18/2009 - 13:27

Unregistered


CAN I GET MY CAR BACK IF I FILE BANKRUPTCY AFTER IT HAS BEEN REPOSSED.

Sub: #3 posted on Sat, 08/08/2009 - 13:36

Unregistered


Maybe, but you'd have to file before the redemption period. After the redemption period (usually 21 days after they repo), they will be free to sell the car.

Sub: #4 posted on Sat, 08/08/2009 - 14:39

DebtCruncher DebtCruncher
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(Posts: 2296 | Credits: 269.79)

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