Question by tasty t: Title loan company has lien on vehicle, I just wrecked the vehicle and insurance says it is a total loss?
I just filed for chapter 7 bankruptcy and listed the title loan company on it, who gets the money from the insurance company? Also, if i decide to keep the car, do i have to give the insurance company a copy of the title?
Best answer:
Answer by § ☼ JLG ☼ §
You should definitely consult your lawyer. I can most certainly tell you that you will not be getting the money. Either the bank, or trustee of the bankruptcy or however they do it now a days will get the money. If you decide to keep the car, you will have to hand in the title to get a salvage or reconstructed title.
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