Request for Repossession

I spoke today with a representative of the car lot where we purchased the car that was totaled. After speaking with my Attorney, they assumed that the car wouldn't be listed in the bankruptcy proceeding because the car is worth more than the loan balance. They weren't aware that it was totaled without insurance.

I spoke with the representative and explained the situation to her. She was actually quite nice and professional, which is very unusual from a creditor speaking to someone in the process of filing bankruptcy.

She asked me to send her a picture of the damaged car -- probably to satisfy themselves that the car is totaled.

Moments later I received another phone call that displayed BLOCKED CALL on the caller ID. I let the answering machine screen the call and called back at the number given in the message.

The caller had been from a towing company that represented the car dealer. He wanted to make arrangements to have someone pick up the car this evening. Again, it's unusual to have a "repo man" call you to schedule a repossession -- and he, too, was quite polite and professional.

I told him that I didn't have access to where the car was stored so late in the evening, especially on such short notice (the car is actually stored in my own garage). I told him I might be able to make arrangements for tomorrow after speaking with my Attorney.

When I asked him what the dealer's interest is in the car now that it's totaled, he said that it would be sold at a salvage auction and the proceeds would be applied to the balance of my loan.

I emailed my Attorney for advice with the concern that the recovery fees for the repossession would be ADDED to my loan balance, actually INCREASING rather than decreasing my debt.

It's refreshing to deal with people who act so professionally in a situation when most creditors can be so rude and disrespectful. Of course, I'm just a little wary of their actual intentions.

I should have an update with the Attorney's response tomorrow.