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Law Girl
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Category: Bankruptcy Law
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if you are filing bankruptcy can they take ur truck as a r

Resolved Question:

if you are filing bankruptcy can they take ur truck as a repo
Submitted: 7 years ago.
Category: Bankruptcy Law
Expert:  Law Girl replied 7 years ago.
Thank you for you question.

When you initially file bankruptcy that stays all repossession and collection activities. However, as you move forward through bankruptcy and the bankruptcy trustee gets a better idea of your financial situation, a determination will be made as to whether you can keep your vehicle.

However, once bankruptcy is first file and absent the creditor filing a stay from bankruptcy, it is unlikely that they can repossess your vehicle.

Please let me know if you have any other questions on this matter or require clarification. Otherwise please hit "ACCEPT" so I may receive credit for my efforts.

Good Luck!
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