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    #1

    Surrendering a car

    My husband and I surrendered our car today. We are filing for BK on 9/8. We are including it in the BK, but I am now worried after reading some posts that it will still be listed as a repo? Is this true?

    Also, we bought a new car in July knowing we were getting rid of the Trailblazer. We are planning on reaffirming the loan on this car. Is there anyway that they could take this car away from us? The loan is through Capital One Auto Finance.

    Thanks
    Filed Chapter 7 September 8th, 2008!
    341 hearing October 29, 2008.:
    341 went great! Now a member of the 60 day club
    Discharged and closed January 8th, 2009! It is now a Happy New Year!
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    #2
    I doubt the car would show up as a repo with it being so close to your filing. The events are so close together, that it will probably just show up as Included in BK.

    With regards to the new car, if you're reaffirming, it's very unlikely Capital One will repossess the vehicle. Lenders are more interested in getting your monthly payments and not owning vehicles.
    Bankruptcy History:
    Chapter 7 filed - 10/12/2005 - Asset
    Discharged - 02/16/2006
    Case Closed - 11/08/2007

    A banker is a fellow who lends you his umbrella when the sun is shining and wants it back the minute it begins to rain ~ Mark Twain

    All suggestions are based on personal experience and research and SHOULD NOT be construed as legal advice as I am NOT an attorney. Always consult with competent counsel in your area with regards to your particular situation.

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