Law Office of Asaph Abrams | Asaph Abrams
Vehicle deficiencies get eliminated in bankruptcy. They're often a major cause of insolvency. Blame it all on the car commercials... dramatic displays of professional racing on cleared-out roads, car bodies all reflective chrome and showroom shine, and the luxury-make's smug voiceover... they're the bane of the consumer-driver.
Answer Applies to: California
Law Office of Lynnmarie A. Johnson | Lynnmarie Johnson
Yes, at least in Michigan, the car financing company, since they have gotten the car back, now have an unsecured debt in the amount between what you owed and the amount they sold the car for and their additional expenses to get the car back and sell it.
Answer Applies to: Michigan
Indianapolis Bankruptcy Law Office of Eric C. Lewis | Eric Lewis
Yes, deficiency on a repo'd loan is dischargable in bankruptcy.
Answer Applies to: Indiana