North Carolina  |  Bankruptcy

Legal Question

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

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?

1 Answer

Answered on: 2/25/08, 7:00 am by Michael Elliott

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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Elliott Law Firm, PC PO Box 1821 Huntersville, NC 28078

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