This is what happened... My friend go into a car accident (his fault). He still owes $10,000 on the car to the bank. To my understanding, the bank would require full coverage on the car. He bought the car through a dealership, who faxed all the paperwork to the bank, including the insurance. Why would they release the loan to her knowing he didn't have full coverage. The car is totaled. We can't junk it due to the bank still in possession of the title. What can we do to get around this, legally? Is filling bankruptcy and option. Stop making payments and the bank could repossess it? I'm just looking for any kind of guidance. Thanks.
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My car is totalled, no collison protection, still owe money.
Thursday, April 13, 2017 - 19:18 | Author: djbricco | Comments (0)