My wife and I had our 341 meeting on May 23rd and are trying to patiently wait for our discharge - My question is..
We have a car loan through USAA, which is not a local bank, and we are not reaffirming the loan. The payment is extremely high and under water, so we included it in the bankruptcy. We have yet to hear from USAA, or our attorney who may have been contacted by USAA, to schedule a pick up or drop off of vehicle. Has anyone dealt with surrendering a vehicle with USAA in a bankruptcy and how long we may have the vehicle until they come knocking?
I'm in the same boat as you but with another bank TD Auto. I been reading somewhere that they are not able to pick up the car until after the bk is discharged. Have you talked to your attorney regarding this?
When you file for Chapter 7 or Chapter 13 bankruptcy, the automatic stay immediately goes into effect. The automatic stay prohibits most creditors from continuing with collection activities, which can provide welcome relief to debtors as well the opportunity to regroup during bankruptcy. There are some exceptions to the automatic stay, so it's important to learn about these before you file. And creditors can ask the bankruptcy court to lift (remove) the stay. In certain circumstances, the court is likely to do so.
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