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Bankruptcy to Avoid Repo and Property Seizure When you file for bankruptcy, you can stop the seizure and potential sale of your vehicle, avoiding further legal and debt problems. In addition, filing for bankruptcy before your vehicle is seized also discharges the debt owed to the creditor on the vehicle.
If the court permits the government to keep your property through forfeiture, the government will likely sell it at an auction and keep the profits.
Police seized any property under section 41 r/w section 102 of Criminal Procedure Code and produced before the court, such property should be received by the court. If there is no complaint/report by any person, police will file final report.
What is remission? The Attorney General or the seizing agency may return forfeited property to an owner or lienholder of the property, or to a victim of the crime underlying the forfeiture, if certain eligibility criteria are met. The federal regulations governing remission are at 28 C.F.R.
A person wishing to file for a seized property must do so through the Buchanan County Clerk of Court. The filing is required by code to be done electronically on the Iowa Judicial Branch's Electronic Filing (eFiling) website.