What does it mean to surrender your car in bankruptcy?
When you file for bankruptcy, you have the option to surrender your car. This means that you give up ownership of the vehicle and the lender can repossess it. Surrendering your car is often a good option if you are upside down on your loan, which means you owe more than the car is worth. If you surrender your car, you will no longer be responsible for making payments on the loan and the lender will not try to collect the debt from you.
The Law Offices of Omar Zambrano has helped thousands of the people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706