got a title loan-had to do a bankrupcy-listed the company-can't get my title from them?

Question

got a title loan- had to do bankruptcy listed the title loan company on my bankruptcy-car has been total- need the title-insurance company only want the original title

Answer 1

Pay off the title loan, then get your title back. The bankruptcy has nothing to do with it, unless you don't want to keep the vehicle.

Answer 2

If the debt was included in the bankruptcy, it does not mean you will get your title back. If you want the title, you will have to pay off the debt. Unfortunately, it is like a second car loan. You keep the car as long as you re-pay or the car goes to the title loan company because in fact, it owns the car. If this is not the case, your bankruptcy attorney is the person who should handle the matter and that will also be reviewed by the bankruptcy trustee.

Answer 3

Where I live the title loan company IS the owner of the vehicle, not you. And since they own it your bankruptcy does not release their ownership. Any monies received from any settlement related to the vehicle belongs to them. If you recall they insisted that you maintain full coverage insurance on the vehicle while you had the loan with them. Check with your state consumer office to see if a specific law will help you out. Sadly in most state there is little to no regulation on these parasites. Good Luck.

Answer 4

Have the insurance adjuster send the payment, less the $200 title holdback, to the title company. They'll take out their balance, give you the rest, with the title. Then when you have the title, you turn it in to the insurance company, and get the $200 holdback.

Assuming the book value of the car is over the loan balance.

Answer 5

I would love to help you, but I guess I am not understanding what your question really is?