Legal Question in Bankruptcy in North Carolina

auto repossession

i have a vehicle in the proces of being voluntarily repossessed. will a chapter 13 prevent from trying to collect on the balance after the charge-off?

Asked on 2/24/08, 8:15 pm

1 Answer from Attorneys

Michael Elliott Elliott Law Firm, PC

Re: auto repossession

A Chapter 7 will prevent any deficiency balance collection. Under a Chapter 13 you would have to pay a % back.

Please contact me if you would like to discuss further.

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Answered on 2/25/08, 7:00 am


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