If I file for bankruptcy and my car was repossessed, is there still a way that I can get it back?
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If I file for bankruptcy and my car was repossessed, is there still a way that I can get it back?
We only had the car for a month and put $2,500 down; the first payment was due on the 4th of net month. We didn’t finis paying them the down payment of $500 which was due on the 18th.
Asked on March 30, 2013 under Bankruptcy Law, Texas
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
If the car was repossessed pending your bankruptcy then there is an automatic stay as to its final disposal under 11 U.S.C. section 362. As such, I advise you to contact the lender who repossessed the vehicle and demand it back sending a copy of your bankruptcy filing to the lender.
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