Legal Question in Credit and Debt Law in Missouri
voluntary surrender of vehicle
My husband and I are working with a bankruptcy attorney at this time. We have decided we will surrender our vehicle with a lien as part of the bankruptcy. We are not filing the bankruptcy until after April 1st due to a change of employment status and the effect it may have on our filing status. We have not made our March 2nd loan payment on our vehicle. Should we contact the lender and go ahead with a voluntary surrender at this time or wait until we file our bankruptcy? I don't want to cause any more problems than necessary, but I don't want the lender repossessing........we want to return the vehicle rather than having someone come get it.
1 Answer from Attorneys
Re: voluntary surrender of vehicle
If you have a current bankruptcy attorney this question must be addressed to him. It would be improper for an attorney without an attorney client relationship to give you advice where you are already paying for the advice and counsel of your bankruptcy attorney. Please ask your attorney this question.