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Will a repo 1 year pre bankruptcy show as repo or IIB

mfigueroa22
Member

Will a repo 1 year pre bankruptcy show as repo or IIB

I have a lots of charged off dept, collections, and 2 repos on my credit. It is impossible for me to get a car loan without a cosigner and chapter 7 seems to be my only option. My current fico is 460. Will the two older repo still show as a repo or will the included in bankruptcy over right that. I guess what I'm asking is, will auto lenders still see the repo even though it was inlucded in bk or will it just show IIB? Also, what is the likelyhood of me getting approved for an auto loan the day of discharge with a pre bk score of 460?
Message 1 of 3
2 REPLIES 2
Scupra
Super Contributor

Re: Will a repo 1 year pre bankruptcy show as repo or IIB

Does anyone know how the repo would report after discharge? My head says since it was repo prior to filing, it will remain a repo.. I have no experience though, anyone?

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
759 EQ FICO 03/2021
754 TU FICO 03/2021
743 EX FICO 03/2021
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Message 2 of 3
Shana77
New Visitor

Re: Will a repo 1 year pre bankruptcy show as repo or IIB

It should say IIB and 0 balance.
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