Legal Question in Bankruptcy in California

i filed for chap 7 BK. i also have a leased vehicle but i stopped payment after the BK filing.

should i contact the dealer and have them take the car back or wait?

does the condition of the car matter when the vehicle is returned? what if it has been in an accident or what if the original parts are not on the car when returned? can i get sued for the amount to get the vehicle back to factory specs?

thank you for your time


Asked on 8/04/09, 5:58 pm

1 Answer from Attorneys

Larry L. Doan Law Office of Larry L. Doan

If you're not going to continue with the lease despite the bankruptcy filing, then yes, you should contact the dealer and arrange to surrender the vehicle back to them.

As far as being assessed additional charges by the leasing company due to the accident or lack of original parts, I believe those debts will be discharged as a part of the Chapter 7 if you've listed the lease in the schedules and surrender the car.

Larry L. Doan, Esq.

Note: The above response is provided for legal information only and should not be construed as legal advice, nor to create an attorney-client relationship, which can only be established through payment of consideration. We do not offer free advice except for the information provided herein on LawGuru which has been screened. If follow-up advice on your specific situation is desired, we offer a paid consultation in person if you are in the Los Angeles area, or by phone or email. Please visit our website www.GuruImmigration.com for more details.

Read more
Answered on 8/07/09, 7:31 pm


Related Questions & Answers

More Bankruptcy Law questions and answers in California