Title for my car - that trustee has paid off

[Bkq]

We filed chapter 13 in september of 2010. Our plan was confirmed in september of 2011. The first payment to all creditors was made in october of this year (2011) -- and the car (secured) - was paid off by the trustee. Does anyone know if the deed will be held by the trustee or will be sent to us. We are on a five year plan -- which will be paid to all of the unsecured creditors over the next 4 years. Thanks

[mountanddo]

It took a year for your chapter 13 plan to be confirmed? I'm really not sure what "confirmed" means so maybe it's not as bad as it sounds. Does it normally take that long and what do you do in-between filing and confirmation?

No idea if the trustee keeps the title or not. I would assume that you wouldn't be able to sell the car without their permission while you are in a chapter 13.

[Bkq]

Confirmation of the 341 plan is done by the judge - and is a formal confirmation of your chapter 13 plan. It takes a long time in this state for this to happen - since there are so many people filing bk. I am not interested in selling the car - and the court wouldn't allow it anyway. I am just interested in who gets the title (ourselves or the trustee). If the trustee gets it - then i would assume that he will hold onto it - until our final payment for chapter 13. Thanks

[AngelinaCat]

It would make sense that the trustee hold it until all your payments are made. But I am not a CH13 person, so this is a guess on my part.

Des is from Arizona I believe, and would be the best one to answer this question.

[lrprn]

A few car lenders will send you the car title as soon as the plan pays off the car in full. Unfortunately more car lenders will hang on to the title until your case is successfully discharged. Ford Motor Company is one that hangs on to titles until after discharge, for example.

We paid off our cars after the first two years of our plan in 2008. We didn't get our car titles from Ford until about a month ago after we were finally discharged. Sigh.

Your lawyer will know what to expect with your car lenders. Give him/her a call or send an email.

[CCB35]

Capital one or ascension group holds your title til discharge too.

[MOMof3]

We paid off my car in 2007 and don't have the title. Hopefully it will show up soon after discharge (early next year), I am going to need a new (used) vehicle soon as my van is now almost 12 years old!

[IamOld]

Capital one or ascension group holds your title til discharge too.

Really - wow - great to know...spouse's car will be paid off in about - well just under 3 years - and it's a car we definitely want to keep for a long time...so I guess we'll then wait another 2 for the title.

Thanks so much!

[fslady]

My car was paid off through the BK. I didn't even realize that it was paid for and then one day the title showed up in the mail. Thank you Trustee!