I am about 60 or 90 days behind on my car
loan. I know the repo man is after me. Should I hide my car so that I can use it for a little
bit longer? Maybe then I’ll file bankruptcy? My name is Ron Drescher. I’m an attorney practicing
bankruptcy and creditors’ rights in Maryland, Delaware, Pennsylvania, and Virginia, and,
no, don’t do that. Don’t hide your car from the repo man if you’re going to be filing
bankruptcy later, because if you do anything to hinder or delay a creditor during the year
before the bankruptcy and that creditor can prove that you did it, then you won’t get
a discharge in your Chapter 7 case, and that’s a disaster. That’s like capital punishment
in bankruptcy, not getting a discharge. So, if you are nervous about your car being repossessed,
be very, very careful about the steps you take to try to not have that car be repossessed.
My name is Ron Drescher. I’m an attorney practicing bankruptcy and creditors’ rights, and if you
have a question about what you should do if the repo man is after your car, please pick
up the phone and call me. I would love to hear from you.