I am late on my car payments so can't really take issue with the car being repossessed. My only concern is that the car was repossessed and not stolen. I don't want to report it stolen to the police if it in fact was repossessed. Not sure what I should do? Can I just assume it was repo'd or do I have to call the police to report it stolen? If it was repo'd can I drop the insurance on it. I plan on filing bankruptcy and am in the process of getting all the paperwork together.