What happens to an auto that is repossessed before, during or after a bankruptcy case?The answer will depend upon which type of bankruptcy or which chapter rather, that the debtor has filed. It also depends upon whether or not the debtor wants to recover the vehicle or simply let the vehicle go. The basic rule is as follows; the debtor remains the beneficial owner of the vehicle until such time that the vehicle is sold at auction. What this means is, the debtor has the ability to recover that vehicle and negotiate with the lender prior to the auto being sold at auction. This assumes of course that the debtor has filed a bankruptcy and that the automatic stay has gone into effect. Read First 3 tips on how buy reposed cars.
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If only Doc Brown knew how much he could get for that thing... One of the original DeLorean DMC-12 cars used as time machines in the "Back To The Future" movie trilogy was put on auction and sold for a high bid of $541,000. Part of the proceeds for the car, one of seven built for the film series and allegedly one of only three remaining, went to the Michael J. Fox Foundation for Parkinson's Research. Had the car not been one of the DeLoreans used for the Robert Zemeckis-directed film, it'd be worth around $30,000. The DeLorean has been experiencing a pop culture revival of late. In October, it was announced that the DeLorean Motor Company of Texas, a new company formed in 1995 dedicated to buying up old parts from original model DeLoreans, would produce an electric version of the car made partially from those old parts.
Nano technology is one of the best technology that is improving every field with its amazing range of properties. One such nano material is nano fiber that is used primarily in bio-medicine. There are also other fields that make use of this fiber. There are numerous applications of this fiber and few of them are listed below.
Damaged cars are probably the lowest-priced automobiles out there in the markets today.A brand new car basically loses a little less than a quarter of its value during the first time it is driven out in the street after the purchase, a damaged car has lost most of its market-value after years of torture or after a certain unfortunate incident. However, value is relative to the things that are done to the damaged car.
There was once a time when hybrid vehicles were considered the future of motoring. With calls to cut down on the use of fuel guzzling traditional motors, not helped by rising gas prices, hybrid vehicles were undeniably an attractive option and that was evidenced by the number of drivers investing in them.
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