This form is a subpoena in a case under the Bankruptcy Code. The issuing officer must sign the form and proof of service is required.
Case Bankruptcy File For Car Loan
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US-B-256
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How to fill out Subpoena In A Case Under The Bankruptcy Code - B 256?
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FAQ
(2) After filing your bankruptcy forms, you must mail the Statement of Intention form to your car lender. You should also call your lender and speak with the bankruptcy department. Ask them to send you a reaffirmation agreement.
A car loan is a "secure" loan, which means that if you stop paying it, the lender can sell the vehicle at auction and use the proceeds to pay the balance?even if you file for bankruptcy.
What happens to your auto loan if you file for bankruptcy. The lender may repossess your car if you file for Chapter 7 and aren't in good standing with your auto loan. Because you haven't kept up with your loan payments, your vehicle won't be protected by any exemptions.
How Do I Reaffirm a Car Loan in Chapter 7 Bankruptcy? You'll sign a new contract with the lender on the same terms as before. The new contract is known as a "reaffirmation agreement" because in the new contract, you "reaffirm" or agree to continue paying for the car as if you hadn't filed for bankruptcy.
If you are behind in your car payments and don't have a lot of equity in the car, the court will likely lift the stay. If that happens, the lender can continue with collection actions against you, including repossession of your vehicle.