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    jondawg44601's Avatar
    jondawg44601 Posts: 1, Reputation: 1
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    #1

    Aug 14, 2013, 03:47 PM
    How can I get a car title from a bank after the car was claimed in bankruptcy
    I am trying to take ownwership of a vehicle that was in my brothers name 6 years ago when he filed for bankruptcy. He put the car on his bankruptcy,but, the bank has never came to take possession of the vehicle. It has been now more than 6 years and I was wanting to know if I could file for a lost title to this car or maybe charge a monthly storage fee to the bank in hopes that they might just give up the title?
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #2

    Aug 14, 2013, 07:31 PM
    Does he still have the title? If so, it's not a "lost title" situation.

    Is the bank shown on the title as lienholder? If so, contact the bank and ask them how much they want to release the lien? It's probably not worth much today. The maximum they can get is the present value of the car.

    No, I don't think the bank will pay storage charges.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Aug 15, 2013, 08:18 AM
    He will still owe it, and he should have the title, the bank merely has a lien on it, which will show p on title, the lien has to be settled to sell the vechile.

    Where is the brother, he is the one that has to do everything.

    If the car was given to the bank at the bankruptcy court, then it is really their car at this point.
    So what do you want to do with car ? Get rid of it, use it ?
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #4

    Aug 17, 2013, 06:30 AM
    Quote Originally Posted by Fr_Chuck View Post
    ...
    If the car was given to the bank at the bankruptcy court, then it is really their car at this point.
    That's not how bankruptcy is conducted. The court does not "give" assets from the bankruptcy estate to secured creditors. If the bank wanted to obtain possession of the car it would have asked the bankruptcy court for leave to take it, but I am guessing that this did not happen.
    reginekelly143's Avatar
    reginekelly143 Posts: 1, Reputation: 1
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    #5

    Sep 22, 2013, 08:54 PM
    He will still owe it and he must have the title. Usually cars will loose after filed banrkuptcy but this is conditional.
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #6

    Sep 23, 2013, 05:30 AM
    Quote Originally Posted by reginekelly143 View Post
    ... Usually cars will loose after filed banrkuptcy but this is conditional.
    I can't figure out what this sentence means: "... cars will loose " what?
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