If I my Chapter 7 was discharged and I kept my vehicle through this, am I still entitled to monthly statements on my auto loan?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
If I my Chapter 7 was discharged and I kept my vehicle through this, am I still entitled to monthly statements on my auto loan?
The company that holds the loan claims that they cannot contact me or send me monthly statements anymore because of the bankruptcy. Is this true?
Asked on August 23, 2013 under Bankruptcy Law, Michigan
Answers:
Terence Fenelon / Law Offices of Terence Fenelon
Answered 11 years ago | Contributor
It may be true as the discharge prohibits creditors from attempting to collect debts after a discharge. You didn't mention whether you reaffirmed the car debt. If so, the creditor should have no problem sending notices. If not, they would be bound by the discharge. You also might find your car gone as there is no acourt approved agreement which provides for future retention of the security.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.