Legal Question in Credit and Debt Law in Minnesota

I am about to have my car voluntarily repossed because I cannot make the payments on my $850 a month on Social Securiyt and I am way behind on my payments, and I cant file a Chapter 7 because I filed one 7 years ago. Is there a "form" or agreement that I can have the repo company sign stating that the repo was voluntary and not instigated by them?


Asked on 9/21/09, 5:19 pm

1 Answer from Attorneys
David Anderson Anderson Business Law LLC

You should obtain a release and waiver of any deficiency if you voluntarily surrender the car.

Otherwise they will pursue the balance in court. Plus interest. Plus attorney fees.

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Answered on 9/26/09, 8:34 pm


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