Legal Question in Bankruptcy in California

My auto finance company transfered my file to their bankruptcy department. The bankruptcy department stated that they could not issue me a receipt for my payments, due to bankruptcy code. Should I continue to make payments, or wait until the proceeding are finished ?


Asked on 9/30/10, 6:29 pm

2 Answer from Attorneys

Robert F. Cohen Law Office of Robert F. Cohen

If you wish to keep the car, you probably will want to continue to make payments to the old address or, if they've given you a payment address in the letter, to that address. You might speak with a lawyer about whether you should reaffirm the car loan. Though you might be paid up by the time of the bankruptcy discharge, it's been known to happen that a lender will repossess the vehicle without a signed reaffirmation agreement filed with and approved by the bankruptcy court.

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Answered on 10/05/10, 6:42 pm


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