Can I Keep My Car If I File Chapter 7 Bankruptcy?
If you're considering filing for Chapter 7 bankruptcy, you may be wondering if you'll be able to keep your car. The answer is yes, in most cases, you can keep your car when you file for Chapter 7 bankruptcy. However, there are a few things to consider when it comes to keeping your car during bankruptcy. First, if your car is worth more than the allowed exemption amount, the trustee may choose to sell your car to pay off creditors. Second, if you're behind on payments or owe money on your car loan, the lender may try to repossess your vehicle. But, if you're current on your payments and don't owe any money on your loan, the lender can't take your car away.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
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