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Your Experiences with TDAUTO during BK Chapter 7

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Established Member

Your Experiences with TDAUTO during BK Chapter 7

Me and my wife are doing a chapter 7 BK and well after debate we decided we wouldnt be reaffirming her loan on her car since the car is not worth the amount we owe, Plus I was able to carpool with my co-worker. My question to anyone here is will TD Auto come for the car asap or only after the discharge is finalized? We are due for a discharge by the end July (hopefully).

 

Thanks!

 

 

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Message 1 of 5
4 REPLIES 4
Super Contributor

Re: Your Experiences with TDAUTO during BK Chapter 7

Are you going to continue making the payment?

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
740 EQ FICO 06/2018
750 TU FICO 06/2018
741 EX FICO 06/2018
$24k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE | AMEX Gold
Message 2 of 5
Frequent Contributor

Re: Your Experiences with TDAUTO during BK Chapter 7

The judge will likely allow them to pick it up right after the 341 meeting. If you continue to make payments they might not pick it up until you quit.

4/25/11 FICO: EQ 761....EX 770.....TU 744
3/6/2011 FICO: EQ 710... EX 718... TU 710
09/09 FICO: EQ: 525
Message 3 of 5
Established Member

Re: Your Experiences with TDAUTO during BK Chapter 7

Well that's the thing j was trying to I find out if they can or can't pick it up. I just rather not pay if they are going to pick it up so we can save some cash.

My plan was to not pay anymore.
Cap One $1000
Cap One Quicksilver $500
Best Buy Visa Citi $2000
Message 4 of 5
Super Contributor

Re: Your Experiences with TDAUTO during BK Chapter 7


@labelexpired wrote:
Well that's the thing j was trying to I find out if they can or can't pick it up. I just rather not pay if they are going to pick it up so we can save some cash.

My plan was to not pay anymore.

If you don't continue payments I would assume they will repo the car within 4 months. As always YMMV especially since every lender is different. If you continued to pay on the vehicle there would be a big chance that they don't come repo the car.

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
740 EQ FICO 06/2018
750 TU FICO 06/2018
741 EX FICO 06/2018
$24k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE | AMEX Gold
Message 5 of 5
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