Memphis, TN asked in Bankruptcy for Tennessee

Q: What should i do or what is recommended?

Last week i go to pay my car payment online and it said i have no active account. I call and they say my cosigner filed bankruptcy (but they cant give me the details) so they can no longer contact me or send me notifications but i can continue to call to make payments. So know im confused as to how this works. Its my sister and i called and she said she filed wage earner. So what does this mean for me and my car?

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3 Lawyer Answers
Anthony M. Avery
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Answered
  • Knoxville, TN
  • Licensed in Tennessee

A: You must continue to make payments or the Lender will get relief from the Stay and repossess the collateral. Find out what type of payments your Sister's Plan proposes, and this will determine what you pay each month after the Plan is confirmed. But until the Plan is confirmed, no payments by the Trustee will be made.

Bruce Alexander Minnick agrees with this answer

1 user found this answer helpful

A: If you want to keep your car, do what the lender advised you to do.

Timothy Denison
Timothy Denison
Answered
  • Bankruptcy Lawyer
  • Louisville, KY

A: Continue paying the car as agreed. When it is paid off, it will be yours.

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