Question: Can a vehicle leasing company ask for the remaining payments on the lease if they repossessed the vehicle due to non payment if an individual has not filed for bankruptcy? Can they do this if an individual has filed for bankruptcy?
Answer: Yes, if you have not declared bankruptcy, you are liable for all outstanding payments on a leased vehicle. In most cases the leasing company will sell the vehicle to recover the amount owing; if there remains a balance owing, they will pursue you for the difference.
If the vehicle is repossessed or surrendered prior to your bankruptcy, any remaining balance owing is included in your bankruptcy; in that case they cannot pursue you for the remaining payments.
