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  1. #1
    Join Date
    Oct 2010
    Location
    Muncy, Pennsylvania, United States
    Posts
    1

    Question Bankruptcy Finalised But Bank Won't Repossess Surrendered Vehicle

    My question involves bankruptcy in the state of: Pennsylvania

    My lawyer advised in my situation to surrender my vehicle($3,500 loan) in the Chaper 7 Bankruptcy I was in the process of going through. He said the bank would work something out to retrieve the vehile whether it be by repo or me taking it to them or some where they designate. Everything was settled and the bankruptcy was finalised. I gave it some time for them to come get the car but it never happened. I called the bank to make sure they had the correct address and this is what they said, " We have no intentions of coming to get the car bc it is not worth what is owed." I asked how do I owe on the car when my bankruptcy was to absolve the debt. She tells me that there is a lien on the car for the amount of the loan. I ask what am I to do with the car since they have the title. She says, "That is not our problem. Take it up with you lawyer." I understand the bank is upset by being out the money, but attitude gets no where. I contact my lawyer and all he tells me is that if the bank doesn't want it, I have a 'free' car, 'just don't sink too much money into it in case they later decide to take it.' Some help that was. In all this mess, I left everything expire thinking the bank was taking the car. I either want the bank to take it or get it back on the road. What are my options and/or steps I'd have to take to do either? Is there a way to make the bank come get the car? And if I chose to put it back on the road, how do I get the registration back on it if the bank has the title? Would my best bet be send a certified letter to the bank negotiating a price to get the lien taken off and get the title? I'm so lost and my lawyer isn't helping! I'd greatly appreciate any sorts of knowledge in this department!!!

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Bankruptcy Finalised But Bank Won't Repossess Surrendered Vehicle

    You can't force the bank to repossess the vehicle. You can only clear the title by negotiating some sort of deal with the bank; I don't know how willing they will be to deal.

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