Can a lender repo the car if you fillt a chapter 7 that is disharget and the never came for the car how long do the have after the BK to get the car or clear the tiltle in KY?

1. Can my car be repossessed after Chapter 7?
2. Can car get repossessed during bankruptcies?
3. How long can you keep your car after filing Chapter 7?
4. What happens if you don't reaffirm your car loan?
5. What happens if they never repo your car?
6. How do I know if I reaffirmed my car loan?
7. Can you trade in a car after reaffirmation?
8. What happens if you default on a reaffirmed loan?

Can my car be repossessed after Chapter 7?

Car repossession is proper after a Chapter 7 discharge because the lien on the car is not erased by the bankruptcy. If you default on your monthly car payment after bankruptcy, your lender has the right to repossess your vehicle. State law governs the repossession process.

Can car get repossessed during bankruptcies?

If your car loan lender gets court permission, it can repossess your car during Chapter 7 bankruptcy. ... If you are in Chapter 7 bankruptcy, your car loan lender cannot repossess your car or otherwise try to collect its debt without first getting permission from the court.

How long can you keep your car after filing Chapter 7?

If reaffirmation is approved, you must keep up with the payments in order to keep the car. You can't refile for another Chapter 7 bankruptcy for eight years after discharge of one, so that option is gone as far as keeping the car after bankruptcy if you can't make payments.

What happens if you don't reaffirm your car loan?

If you don't sign a reaffirmation agreement, the lender can repossess your car after your case closes and the automatic stay lifts. ... Reaffirming your car loan will provide certainty against the lender repossessing your car as long as you keep current with your payments.

What happens if they never repo your car?

WHAT IF THE LENDER DOESN'T REPOSSESS YOUR CAR? This means that: You are stuck with it – if the lender doesn't come to pick up the car. You can't sell it – because the lender still has the lien, and selling it would be committing a theft.

How do I know if I reaffirmed my car loan?

To reaffirm a car loan, you must be able to show the court that the vehicle is necessary and that the payment is reasonable. You must also be able to show that the car payment isn't an undue hardship on your household (you'll still be able to afford the necessities of life).

Can you trade in a car after reaffirmation?

The reaffirmation agreement obliges you to pay the full amount set forth in the reaffirmation document. You can trade in your car if you get enough from it to pay off the reaffirmed debt which is not a frequent occurrence.

What happens if you default on a reaffirmed loan?

It's possible reaffirmation can actually hurt you. In California, lenders can and usually do foreclose without going to court. You lose the house faster, but the bank can't sue you for any debt left after the foreclosure sale. ... If you reaffirm the debt, though, it's not wiped out.