Legal Question in Bankruptcy in Tennessee

Laws concerning automobile title loans and bankruptcy

I would like to know what the laws are concerning a person under bankruptcy who has a loan through a automobile title loan company in the state of TN.Can they take the vehicle after bankruptcy?


Asked on 4/02/02, 12:12 pm

1 Answer from Attorneys
Andrew Nichols Law Office of Andrew B. Nichols

Re: Laws concerning automobile title loans and bankruptcy

Short answer -- it depends on if you made the loan before or after bankruptcy.

If the loan was made after the bankruptcy case was concluded then the loan company would probably have the right per the language in their contract with you to repo the vehicle if payments were not made. If you are still in bankruptcy you should sign a document called a reaffirmation agreement with the loan company and continue to make your payments or catch up before the bankruptcy case is concluded. ph. (800) 303-0720

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Answered on 4/09/02, 11:27 am


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