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MKD
Lv 4
MKD asked in Business & FinancePersonal Finance · 1 decade ago

What dollar amount of settlement should I ask for?

About a week after I filed Bankruptcy my vehicle was repoed. Even though they were showed the notice from the courts, they said that they did not care and were taking the vehicle. The guy was really angry at me that we called the cops and physically threatened me when I would not give him the keys. The guy that threatened me was way out of control and the cops showed up at the right time. Had they just left when I showed them the notice, all would been fine. The cops told us let them take the vehicle and take them to court. My BK attorney was not very happy that we let the repo guys take the vehicle. We are suing the repo guys as well as the finance company for violating the BK stay and well as for the physical threat made to me. My attorney had a motion to reopen the Bankruptcy and the defendants did not respond. He asked me to think about the dollar amount of settlement I would like. Frankly I have no clue. Does anyone have any reasonable suggestions. I live in Washington state. Please only serious answers only. You have no idea why I filed BK so don't judge me.

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  • 1 decade ago
    Favorite Answer

    Your attorney should be the one to advise on the dollar amount. Although I'm not so sure you will actually get much.

    If you filed chapter 7, the car lender would probably have gotten a release from the court to repo the vehicle anyway. There's also a matter of timing. How soon after you filed bankruptcy did they take the car. Chances are they already had the court order to repo before you filed bankruptcy. It sometimes takes several weeks for notices to get in the hands of the lender. Then they have to figure out exacty which of their loans is included -- the notices tend not to indicate account numbers.

    Source(s): BD
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