How to Find Out How Much I Owe on My Car After Bankruptcy

Bankruptcy eliminates or manages all debts, including car loans. Some people keep automobiles during bankruptcy by continuing monthly payments with the lender. Others decide they cannot afford the car and allow repossession. The dealer sells the car through a private sale or auction after repossession, with any remaining balance on the loan paid during bankruptcy or eliminated entirely. Finding out how much you owe on the car after the bankruptcy is a straightforward process.

Instructions

1

View and print a copy of your credit report from Annual Credit Report -- a website managed by the major credit bureaus. It is the only site specifically authorized by the Federal Trade Commission to offer free reports under the terms of the Fair Credit Reporting Act.

2

View account information on the credit report for the auto loan. The report will note if the car was lost to repossession. The credit report should list any remaining balance after the repossession as "included in bankruptcy," meaning you owe nothing following the official completion, or discharge of the bankruptcy. A balance due after the sale of a car is called a "deficiency balance," according to Bankrate.

3

Call the lender if you still have the car and made payments through the bankruptcy. Ask the lender how much you owe on the car after the bankruptcy. Request a copy of your last billing statement, if necessary.