My Car Was Repo’d! Can I Get It Back By Filing Bankruptcy?
We all know that if you do not make your car payments, at some point the car creditor is likely to have your car repossessed. We know from the multiple posts on this blog that once a bankruptcy case is filed, the automatic stay prohibits a creditor from repossessing the car. What happens if your car is repossessed before you file bankruptcy? Can you get your car back by filing bankruptcy? The answer is–it depends! We can be sure that this situation occurs often enough. But that does not mean it will be easy getting a vehicle back. First, once your car is repo’d, you will need to see a bankruptcy lawyer right away. You should tell that lawyer that you need to file bankruptcy right away because your car was repossessed. Unfortunately, for this to happen, you will need sufficient money to pay the attorney as well as the bankruptcy court’s filing fees and any credit counseling fees just to get started. This may require several hundred dollars! Additionally, you must have enough information
