Matagal na proseso pa yan bago makapag-repossess.

First, BPI Family has to file cases (civil and criminal against the buyer). It has to undergo inquest proceedings wherein the prosecutor will have to weigh kung may prima facie. Tapos bibigyan pa ng pagkakataon na mag-file ng comment yung other party. Occasionally, the opposing counsel will file motions to delay the proceedings or request for several more days to review the case. Minimum siguro of 2 months.

Pag nai-file na, kailangan dumaan pa ng pre-trial. Matagal din ito, kasi may marking of evidence pa. In the meantime, the best step for BPI would be to request for a writ of replevin, para mahatak ang sasakyan. No writ, no repossession.


Solution:

1. Go to Bank to report transaction and expressed wilingness in writing to surrender vehicle. Take note that Banks are trigger happy in filing cases.
I'd like to correct this misimpression. I work for a financing company, and we have a bank as an affiliate. I'm in the C&C Dept. As much as possible, we refrain from filing cases. Why? It's too costly, takes too long to litigate and even if we win, chances are the defendant/accused cannot pay the sum awarded. Kaya, if possible, we resort to extra-judicial means (Dacion en Pago, etc.)