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    Doan Law Vehicle Surrender Policy

    If you are a client of one of the San Diego Offices of Doan Law, please note that we are here to make surrendering your vehicle as easy as possible.  Generally, you are free to surrender your vehicle at any time: before filing Bankruptcy, during Bankruptcy, and after Bankruptcy Discharge.   Regardless, you will no longer be liable for any further automobile payments.

    The surrender duties can be found in the Bankruptcy Code under Sections 362(h), 521(a)2, and 521(a)(6).  In summary, a Debtor has three (3) options when it comes to secured debt: RETAIN, REDEEM, or SURRENDER.   The Surrender Option may be exercised at any time, although technically it shoud be performed within 30 days of filing the Bankruptcy to avoid a potential unnanounced repossession.

    Unfortunately, Doan Law has had too many past clients experience frustration and difficulties when it comes to the Surrender option, such as 1) Locating and contacting the proper bankruptcy surrender department and location of lienholder; 2) Delays in lienholder pickup, 3) Unnecessary parking tickets, storage fees, expired registration fees, insurance expenses, unwanted safekeeping, and other post-petition costs; 4) Startling repossessions in the middle of the night and embarrassment in front of neighbors; 5) Vehicle drop offs at wrong dealerships/banks/locations; 6) Lienholder demands for money to pick up vehicles; 7) Post-petition claims for post-petition vehicle damages; 8) 549 post-petition transfer issues and other adverse consequences under 521(d); and 9) Retrieval refusals by Lienholders, tow companies, charitable organizations, junk yards, etc. that refuse to retrieve Zombie Cars (vehicles of low values, vehicles with expired tags, salvage vehicles, ticketed vehicles, etc.).

    In response, Doan Law’s new “521 Collateral Services” division resolves the forgoing frustrations and Creditor interference. Simply fill out our form or call us and 521 Collateral Services will walk you thru your surrender duties in retrieving, transporting, securing, and storing the secured collateral for the lienholder. These services are free of charge to you and ensure compliance with the Bankruptcy Code. Pick up is also immediate(usually same day) and easy.  Surrendering pursuant to the Duties of the Bankruptcy Code has never been easier!

    Written by Michael G. Doan

    – Owner of the Oceanside Bankruptcy Attorney‘s office, Michael not only manages his business, but is also a highly skilled San Diego Bankruptcy Attorney with over 17 years of experience. He specializes in many fields, such as: insolvency, bankruptcy, consumer rights, debt negotiation, creditor collection abuse, estate planning, contracts, real estate, and tax. Michael is currently concentrating his practice solely in Bankruptcy Law and is a Board Certified Specialist in Consumer Bankruptcy Law by the American Board of Certification, one of only fourteen such attorneys in all of California.

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      Do you need more information regarding the Vehicle Surrender Policy? Please feel free to directly contact an Oceanside Bankruptcy Attorney today, our attorneys at Done Law are here to assist you in this difficult time.

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