A friend of mine filed bankruptcy a few weeks ago and gave up his car. The loan company mentioned it once before the final hearing but have not contacted him since then. To be honest, his 18 year old got a hold of it and it is in such bad condition, it wouldn’t suprise me if it wasn’t worth it for them to pay someone to come pick it up.
Who is responsible for initiating the physical surrender? The friend or the loan company?
Is there a certain point where my friend will end up keeping the car permanently simply because they never collected it? I assume it would be a hassle because of title, insurance, registration, etc. but it may just be like a free lease.