Legal Question in Bankruptcy in Maryland

Credit Union refuses to release title to auto.

Dear Sirs;

In Feb. 1998 I filed personal bankrupcy (chapter 7). A 1992 Ford Ranger Truck was exempted. Six months later the truck loan was was payed off. When I asked to have the title released the local Credit Union said that it would not be released it until I satisfied a personal loan (credit card included in the bankrauptcy) .

My attorney has said that they can't do that but has done nothing to obtain the title for me. Despite numerous calls to the credit union requesting the title which have all been fruitless. Is there are easy way to obtain the title without further legal action.

Sincerely,

--name removed-- --name removed--


Asked on 1/21/99, 1:20 pm

1 Answer from Attorneys

Daniel Press Chung & Press, P.C.

Re: Credit Union refuses to release title to auto.

Many credit unions cross-collateralize their loans, meaning that your security agreement on the truck says that it also secures other loans. Your lawyer needs to take a close look at these documents and see whether the cross-collateralization is valid in this situation.

Daniel Press

Chung & Press, P.C.

6723 Whittier Ave., Suite 302


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Answered on 1/29/99, 2:29 am


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