About 4 years ago I received a title loan from title max during that repayment time I lost my job and came down with some health issue which caused me to default on the loan. In 2012 I decided to file bankruptcy chapter 7. Now the motor has gone out in the 2001 Nissan Altima and now there is some one interested in fixing the car up and passing it on to their teen grandchild. I contacted Title Max but they want me to pay off the loan.
I want to know what would be my option in receiving my title back from titlemax after filing bankruptcy on a non working vehicle?”
Your only option would be to negotiate some reduced amount as a settlement in return for the title.
The problem here is the bankruptcy discharged your need to repay the lien against the car but did not remove the lien.
The only way to get the title back would be to either pay the debt secured against the car or negotiate a lesser amount to satisfy the lien.
Please post your responses and follow-up messages to me on this in the comments section below.