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  1. #1
    Join Date
    Jul 2015
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    2

    Default What is the Statute of Limitations on a Deficiency from an Auto Repossession

    My question involves collection proceedings in the State of: Georgia

    In November of 2008, I voluntarily returned a vehicle to the dealership that I knew I couldn't pay for (financed with GMAC). In December of 2008, I filed for Chapter 13 Bankruptcy. The Bankruptcy was dismissed in March of 2009. I now have a charge off account on my credit report for GMAC, but it still shows over 14,000 past due. I assume this is for the deficiency owed after the vehicle was owed. My question is: Is there a statute of limitations for collections on this deficiency? If so, how long do they have to collect? In a few months, this debt will be 7 years old since last payment.

    Any help would be greatly appreciated.

  2. #2
    Join Date
    Sep 2005
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    98,846

    Default Re: What is the Statute of Limitations on a Deficiency from an Auto Repossession

    Why wasn't the creditor included in your bankruptcy case? Was your bankruptcy case a zero assets Chapter 7 bankruptcy?

  3. #3
    Join Date
    Jul 2015
    Posts
    2

    Default Re: What is the Statute of Limitations on a Deficiency from an Auto Repossession

    This debt was included in the chapter 13 but was dismissed because I could not make the payments.

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