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Q: Chapter 7 bankruptcy in the State of Georgia. ( No Answer,   0 Comments )
Subject: Chapter 7 bankruptcy in the State of Georgia.
Category: Business and Money > Finance
Asked by: herb2323-ga
List Price: $25.00
Posted: 25 Oct 2006 06:36 PDT
Expires: 24 Nov 2006 05:36 PST
Question ID: 776721
Chapter 7 bankruptcy in the State of Georgia.

A bank is a secured creditor and listed as such in the Bankruptcy
Schedules. A car is the property on which the bank has its lien.
Georgia is a car title state. The bank has possession of title on
which it's lien is recorded. The discharge was granted by the
Bankruptcy Court. The bank refuses to release the title to the car
unless it receives an "acceptable payment even though it has forgiven
the debt."  The bank did not attend the creditors' meeting and did not
repossess the car. What is quoted here is what the bank said.

Can a secured creditor demand and receive an "acceptable payment"
under these circumstances in order to release the title without
showing the recorded lien on it?
There is no answer at this time.

There are no comments at this time.

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