Latest Posts
Home > Ask The Get Out of Debt Experts > I Owe a Deficiency From My Repossessed Vehicle. – Denise

I Owe a Deficiency From My Repossessed Vehicle. – Denise

“Dear Steve,

I owe a deficiency of $15,000 for a repossessed vehicle that my credit union auctioned. And am thinking about just adding all my other debt (medical bills) to the bankruptcy. The collectors for my medical bills haven’t contacted me in a while, and I want to know how much I owe the collectors. I don’t even know who the collectors are. :/..(I’m from California)…I’m currently unemployed. I haven’t received a credit report since I had leased my now-repossessed car (2 years) ago, and I’m ridiculously broke.



Dear Denise,

Yes, you can just add the repossession deficiency into the bankruptcy. I would suggest you ask your bankruptcy attorney if they can run your credit report for you. That way they will have all the information on hand to file.

Get Out of Debt Free Hotline
debt settlement helpstudent loan help

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • sammy

    If I am in default of a car loan and attroney contact me to pay default.and if not Toyota which to reposses or take the necessary steps to obtain a judgement against me to collect past due If I do not take action to cure arrearage. Do that mean if I pay arrearage I will still be able to continue with my montyly payment?????????????

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.


I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.