Legal Question in Bankruptcy in Texas
I lent $11,000 to someone so they could by a car. I have a notarized installment loan and a notarized security agreement using the car to secure the loan. This person has filed chapter 7 bankruptcy and has never paid a dime on the loan. Can I "reposses" the car?
Asked on 11/24/09, 8:51 am
1 Answer from Attorneys
Keith Engelke
Law Office of S. Keith Engelke
Ultimately yes. However, you will need to file a proof of claim and may have to file a motion to lift stay. You should consult an attorney to guide you through this process.
Answered on 11/29/09, 11:04 am
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