can I lose my truck if I got a loan through bank to buy it?
May 10th, 2013 by Questions
Ifyou have a truck loan through a bank and if you don`t pay for truck bank will take it back. can you lose the truck in bankruptcy? Even if continue to pay for truck through the bank?
Posted from: Ontario
One Response to “can I lose my truck if I got a loan through bank to buy it?”
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.
May 10, 2013 at 9:00 am, A licensed trustee said:
Assuming the lender (bank) registered a lien on your truck, as long as you continue to make the payments you will be allowed to keep it, even if you file for bankruptcy or a consumer proposal. Obviously, if you don’t make the payments the lender may come and take your truck…