Michigan  |  Bankruptcy

Legal Question

Asked on: 2/19/13, 4:13 pm

Due to an unpaid credit card our vehicle was seized. Within a few days we filed for bankruptcy. Over the last week and after analyzing our debt to income ratio we have changed our mind and are filing to dismiss our original claim. Since our vehicle was seized and then put on the automatic stay the court officers have not been able to sell the vehicle and get the money to pay the debt. Once our case is finalized and our creditors are notified i knows that we will still owe the debt. My question is- when the vehicle is sold will the court officers bill for storage and towing come out of the proceeds of the sale and if so do they pay themselves or the collection company first? Basically I want to know where the money from the sale goes and how much I will be on the hook for in the end.

2 Answers


Answered on: 2/20/13, 7:24 am by Charles Schneider

It first goes to court officers and their expenses which includes storage fees and a lot more. You will still be on the hook for any remaining credit card debt.


Did you find this answer helpful?

0 Users found this answer helpful.

0 Attorneys agree with this answer.


Charles Schneider, P.C. 39319 Plymouth Rd. Ste 1 Livonia, MI 48150m

Other answers from this attorney

Answered on: 2/20/13, 11:30 am by Robert Denton

If your finances are poor and you got your vehicle seized, a chapter 13 might be in your best interest as this can give you protection for three to five years. As to your question, you have the judgement plus court costs and fees and storage fees less the proceeds of the sale. You owe the balance.


Did you find this answer helpful?

0 Users found this answer helpful.

0 Attorneys agree with this answer.


Robert Denton 3101 Cabaret Trail S Saginaw, MI 48603

Other answers from this attorney

Didn't find what you were looking for? Ask an Attorney!

Get answers from the top Attorneys
Ask Question

133 Answers given in the last few hours.

8661 Active attorneys ready to answer your question

Search Past Answers:
  Advanced Search