tommyc279
03-03-2009, 03:53 AM
I files a chapter 13 bk around july of last year. It is a hundred percent which will be completed in 34months with the payments started in august meeting of creditors in october and everything completed in november. During this process I turned over the original title to motorcycle which was included in the chapter 13. nothing has happened to the the bike, it is still insured and sitting in the garage. I have left two messages with my lawyer and have not recieved a callback. I was wondering is this normal or should i be doing anything about this motorcycle. thank you for your help.
justbroke
03-03-2009, 04:41 AM
To whom did you surrender the title?
tommyc279
03-03-2009, 05:00 AM
over to my lawyers before the meeting of creditors
justbroke
03-03-2009, 05:20 AM
Well, sometimes the repossessions are very slow. I would just ask your lawyer again if there is any movement in that area.
StartingOver08
03-03-2009, 05:22 AM
JustBroke, this is just a question, if the OP is paying back the creditors 100%, why would he have to give up his motorcycle?
justbroke
03-03-2009, 05:27 AM
JustBroke, this is just a question, if the OP is paying back the creditors 100%, why would he have to give up his motorcycle?Because it's secured debt, and he chose not to pay that as well. I will go out on a limb and say, that because the OP surrendered the bike, they were able to pay the unsecured creditors 100%. :)
