Legal Question in Bankruptcy in California

Loan company will not pick up car.

I have filed bankruptcy and have comleted everything, gotten my paperwork back from court, it's finished. I called the loan company (in another state)to see if they were gonna pick up the vehicle and when. They stated it was not worth their time/money to pick up the vehicle as it wasn't worth a certain amount. They told me to make them an offer, which I did after researching this on-line, and they told me it was not high enough. My question is; can I file some kind of paperwork to say it's an abandoned vehicle and re-register it in my name? Thank you.


Asked on 3/09/02, 1:22 pm

2 Answers from Attorneys
Robert Miller Robert L. Miller & Associates, A Law Corporation

Re: Loan company will not pick up car.

Interesting question. I'd say you are in the driver's seat here (so to speak), since the company has admitted it's not worth it for them to take the car.

An abandoned vehicle is one seized by the government, usually the police department. It is taken to an impound lot, and the owner is given 30 to 60 days to claim it. If the registered owner doesn't claim it, then it is sold at auction.

I don't see how that works in your favor, since impound fees are steep, and if it is sold, you might have to pay more for it at auction.

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Answered on 3/09/02, 3:57 pm
Victor Hobbs Victor E. Hobbs

Re: Loan company will not pick up car.

I'd keep the car insured (carry collision and comprehension on the car if at all possible) and licensed, and continue to drive it. If I came out of the house one morning, and it is gone. You should call the police and report it as stolen. Then when the police inform you that it was repossessed you shouldn't be surprised. Meanwhile get ready to obtain another car. If the car is never repossessed re-contact me, and I'll tell you how to get the car into your name.

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Answered on 3/10/02, 12:56 pm


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