Dallas, TX asked in Bankruptcy for Texas

Q: I was recently dismissed from BK but I had 2 cars in my plan so what happens now? Will they notify me or just repo?

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2 Lawyer Answers

Timothy Denison

Answered
  • Bankruptcy Lawyer
  • Louisville, KY

A: If you start making payments again on them, they will likely let you keep them. If you don’t pay, they’ll ultimately try to repo them.

Mr. J. Thomas Black

Answered
  • Bankruptcy Lawyer
  • Houston, TX
  • Licensed in Texas

A: They will likely repo them, and they may do so quickly and without giving you any notice. So if I were you I would remove any personal items of yours from the vehicles.

If you want to try to work something out with them, call them immediately. Or it is possible to file a new chapter 13 case. Or you may want to consider filing chapter 7. In chapter 7 it is possible to redeem vehicles by paying them the value of the vehicles instead of what you owe.

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