How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Terry L. Your Own Question
Terry L.
Terry L., Attorney
Category: Bankruptcy Law
Satisfied Customers: 2897
Experience:  Better Business Bureau. 18yrs bankruptcy experience. Chicago Bar Assoc. American Bankruptcy Institute member.
Type Your Bankruptcy Law Question Here...
Terry L. is online now
A new question is answered every 9 seconds

Will filing bankruptcy get my car back once its been repossesed

This answer was rated:

Will filing bankruptcy get my car back once it's been repossesed if I need it to commute to work?
Great question.
If you consider filing chapter 7 bankruptcy, it will do nothing to get the vehicle back for you as this is just a debt liquidation. The debt will be discharged, the lender will auction off the vehicle to recoup some costs, and the rest is discharged. You can just go get another vehicle.
A chapter 13 can get the vehicle back, as the debt is paid thru the chapter 13 consolidation. Usually, all repo and storage fees are added onto the claim. There is limited time to get a vehicle back though, normally just 14 days from the date of the repossession. Once the case is filed, your attorney will send the notice and proof of full coverage insurance (with the lender as loss payee) to the lender who will then make arrangements for you to pick up the vehicle. They will not bring it back to you!

Terry L. and other Bankruptcy Law Specialists are ready to help you