Should I put my car on Bankruptcy list or have it repossesed?
August 19th, 2010 | 
Author: James B asked:
I am filing for bankkruptcy. Should I put my car (owe $30K on it) on the bankruptcy list or have it repossesed?
I got the car through GMAC loan. Does GMAC does the Repo or the dealer I bought it from?
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You might as well just drive it untill someone comes and takes it away.
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if your bankrupt it will be taken anyway so drive it and flog it while you can may as well get some enjoyment out of it while you can good luck and drive safe lol
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I WOULD INCLUDE IT IN THE BANKRUPTCY LIST NOW JUST IN CASE.
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GMAC is in charge the dealer don’t come into play, the damage is done, turn the car in or play hide and seek till the repo man finally corners you, the results will be the same, so you may as well play the game and drive for as long as you can.
When your bankruptcy is settled we both know your credit will be blemished for a long time, and if your smart and follow some guidelines how to repair your credit you could be up and running again within 2 to 3 years getting credit at somewhat fair interest rates.
If your interested to learn the steps go to this link on my website there is no catch, its free advice with no strings attached,,, good luck
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Might as well include it in your bankruptcy since they’ll come after you for the money even after it’s repossessed.