If a car that you are buying from an individual was repossessed because he filed for bankruptcy can you get it back?

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NOT if it was repoed by a lender. You had NO standing in the contract between the lender and the B/K person. You should have watched the B/K person closer so you didnt get burnt. Next time buy from a car lot or bank.
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Where can you get a loan to buy back your car that was repossessed?

Answer . Mike, that depends on how great your credit is. A repo on your record is NOT going to help. Any interest rate you get will be HIGH because of your credit rating.\nWith a decent down payment you can always get a ride at a buy-here-pay-here car lot. Good Luck.

What happens if your car is repossessed after you file bankruptcy without a court order?

%REPLIES%. Answer . Karen, it is possible to do so legally. You should ask your B/K attorney if it was legal the way it was done. S/he is in a btter position to know ALL the facts.. Answer . Within days of filing the BK, your finance company should have received notice that you filed for BK (MORE)

After you file bankruptcy how long does the creditor have to repossess a car?

NOT sure on this, but it seems that until they give up the right to repo by getting a judgment for the amount owed, they could still repo. Once they get the judgment, they would not have the car for security for the loan. Ill check on it and post again in a couple of days. They may let it go due t (MORE)

Should you let your car get repossessed or file bankruptcy or what if you wrecked your car with no insurance and you are 3 months behind on payments?

The Lender may or may not want to repo a wreck. Bankruptcy, samedeal. Call the lender, tell them what the car looks like, and letthem decide. ___ File bankruptcy if you are buried in unsecured debt, not to savethe car. Especially a wrecked car. ___ "Repossession" looks slightly better (not MUCH be (MORE)

If you have a clear title and FMC did not perfect a lien can they repossess the car after you notify them that you are filing bankruptcy?

Your B/K attorney should be glad to reccommend a course of action. S/he might just get out of the B/K business long enough to make a ton of money on this one.Of course, you DIDNT say if FMC had a DEFAULT contract with the Explorer as collateral & your name on it OR if you had a B/K CASE NUMBER when (MORE)

Would you let your car be repossessed or would you file bankruptcy?

Answer . \nThere's no definitive answer to a question of this type, as the final decision would depend on the person's overall financial situation. Bankruptcy is a very serious action and should only be used as a last resort. Especially in light of the new bankruptcy reform laws. Even in bankrupt (MORE)

If your car was repossessed after you filed bankruptcy What are your rights?

Answer . You have the right to call/visit your B/K attorney and have s/he explain your rights as you've paid them to do. Who knows your case and state laws better???. Answer . \nSay I can't afford an attorney (which I can't). Now what?. Answer . Then you cant afford to file B/K, but if yo (MORE)

Can you buy a car 6 months after you file bankruptcy?

Answer . You can buy anything you want after you file or at anytime. The question is has the BR been discharged, if not you probably will be liable for anything you buy and it will not be listed on you debt or assets. If you pay for it in full the court probably will seize it to help pay credito (MORE)

If you filed Chapter 7 bankruptcy on a repossession balance and the bank never came to repossess the car and the debt was discharged can you get the title?

Answer . \nUnless a secured lender has received a "lift of stay" on a debt included in bankruptcy, they must wait until the BK has been discharged before they can repossess or begin legal procedures to retrieve a vehicle. A vehicle is considered a secured debt and is not dischargeable in a chapte (MORE)

If a person files for chapt 7 bankruptcy can he get his cars returned that were taken 6 days ago by the county sheriff because an individual who won a civil suit again place an attachment on the cars?

Answer . \nNo. Even if the BK had been filed under the circumstances cited the vehicles were subject to seizure and sale. Chapter 7's temporarily halt lawsuits and recovery of secured property, they do not prevent a lawsuit from being refiled (except those by creditors included in the BK) or se (MORE)

If you are behind on your car payments should you file bankruptcy before the vehicle is repossessed?

\n. \n Answer \n. \nBefore doing that, you should go to your bank and explain your situation. They might be able to take over the loan at a lower interest rate. That way your payments may become smaller. If that doesn't work, maybe call whoever has your laon and explain your situation, see (MORE)

Can a car be repossessed if involved in bankruptcy?

Only If Chapter 13 . Depending on your state... a car that is included in a Chapter 13 Bankruptcy cannot be repossed. The Bankruptcy laws protect you from repossession. Just as long as you are in Chapter 13 and are making payments to the Trustee, your car cannot be repossessed.

Should you file bankruptcy when your car gets repossessed?

That totaly depend on what else is happeneing in your credit world.. Just because your car gets reposessed? NO once they take your car there is nothing else you need to do with them. If you are in debt for way more than you can handle then you might want to think about bankruptcy, But first talk to (MORE)

If you file bankruptcy can you buy a car?

you can have a car in your name as long as the retail value in $500.00 or less. I know this because I just filed and my lawyer just told me that**** Second answer: This is serious business. You really should check with a local lawyer - I think that Bankruptcy is governed by Federal law, but diff (MORE)

Can you get your repossessed car back through bankruptcy in Arkansas?

The debtor always has the ability to come up with the past due amount and become current to recover the vehicle, prior to the vehicle being sold at auction. After sale, it's all over. If you file a Chap. 13, normally, upon proving you have insurance, the debtor is included at the correct amount a (MORE)

Your car was on a buy back list because of problems Before the buy back could go through your car was repossessed What are your options?

Then the car was never yours - it 'belonged' to the finance company until you have paid the full amount. When a person buys something they pay the seller the purchase price - you didn't pay that money, the finance company did, so they were the buyer and you were using it with their permission unti (MORE)

Can you file bankruptcy on a repossessed car?

A basic, rough primer: BK is always done under FEDERAL Laws, in a Federal Bankruptcy Court. Basically State makes little difference. (Yes the BK Courts operating in certain areas have certain special exemptions and such, minor in the overall, generally intended to make things adhere to the lo (MORE)

When you file bankruptcy when do they repossess my car?

When you first meet with your attorney, and fill out the initial paperwork, normally all credit collection is to stop including car repossession ( if you have included your car's creditor on your list). You may also be allowed to keep your car anyway, depending on its value. Even then, if it exceeds (MORE)

Can you file your car in bankruptcy after a bankruptcy discharge?

After discharge is too late. The good news is you are exempted for 1 car as long as it's not outrageously valuable. If you can no longer afford do a voluntary repo. the car is the loans security & once they have they cannot do much. They will auction & try to recover anything they were unable to rec (MORE)

Can you get your car back after reposession if you file bankruptcy?

While both home and automobiles are considered secure creditors, there are much less protections for automobiles. About the only way you would be able to obtain a court order for the assets return would be if it was recovered after your bankruptcy was filed and that both the creditor and repossessio (MORE)

How soon after filing bankruptcy can you buy a car?

Within days after your discharge. You will have to find one of those dealers that arrange financing, and you will pay a high interest, but it can be done. You cannot do it after filing but before discharge, except in a chapter 13, with permission of the court.