Under the Arizona bankruptcy protection law, the bank may not repossess a vehicle without first getting permission from the court. However, there is no pre-notice required before repossession on collateral loans.This page will provide an overview of Arizona's Repossession Laws and what you should know if you've fallen behind on car payments. Yes. Paying online with a bank account, credit card or debit card is easy. Your creditor would rather have you pay then get the property back. Find their phone number on your card or statement. The Bank fee is non-refundable. Foreign Bank issued credit cards. The Arizona Repossession Affidavit form, officially known as form 48-0902, is a crucial document used in the repossession process. Understanding all the terminology on your credit card statements is an important part of financial literacy.