How To Redeem Your Car in Bankruptcy

If you're considering filing for bankruptcy, you may be wondering what will happen to your car. Can you keep it? Will you have to give it up?

The answer depends on whether you want to redeem your car or not. Redeeming your car means that you pay the lender the full value of the car, and then you keep the car. You can do this by paying cash or by reorganizing your debts in a Chapter 13 bankruptcy.

If you don't want to redeem your car, then you can surrender it to the lender. The lender will sell the car and use the proceeds to pay off your loan. Any money left over after the loan is paid off will be given to you.

If you're considering redeeming your car in bankruptcy, there are a few things you need to know

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