If you are considering filing for Chapter 13 bankruptcy you may be wondering if you will be able to keep your car. The answer to this question depends on a number of factors including the value of your car your ability to make payments and whether you are current on your payments.
If your car is worth more than the amount you owe on it you will be able to keep your car in a Chapter 13 bankruptcy. However you will be required to make payments on the car as part of your bankruptcy repayment plan. These payments will be in addition to your other debts that are included in the bankruptcy.
If you are behind on your car payments you may still be able to keep your car in a Chapter 13 bankruptcy. However you will need to bring your payments current as part of your bankruptcy repayment plan. In some cases the lender may agree to reduce the amount you owe on the car in order to make the payments more affordable.
If your car is worth less than the amount you owe on it you may be able to keep your car in a Chapter 13 bankruptcy if you are current on your payments. However if you are behind on your payments the lender may require you to surrender the car.
Whether or not you will be able to keep your car in a Chapter 13 bankruptcy depends on your individual circumstances. It is important to speak with an experienced bankruptcy attorney to discuss your options and to determine whether bankruptcy is the right option for you.
Can I keep my car if I file Chapter 13?
You may be able to keep your car if you file Chapter 13 depending on factors such as the value of your car your state’s exemption laws and how much money you owe on the car.
How much money must I owe on my car to keep it in Chapter 13?
You may be able to keep your car in Chapter 13 even if you owe more than the car is worth as long as you are current on your payments.
Will I be able to keep my car if I am behind on my payments?
You may be able to keep your car in Chapter 13 if you are behind on your payments as long as you are able to catch up on your payments.
What if I am not current on my payments but my car is worth less than I owe?
You may still be able to keep your car in Chapter 13 but you may have to pay the difference between the value of your car and what you owe.
What if I am current on my payments but my car is worth less than I owe?
You may still be able to keep your car in Chapter 13 but you may have to pay the difference between the value of your car and what you owe.
What if my car is worth more than I owe?
You may be able to keep your car in Chapter 13 but you may have to pay the difference between the value of your car and what you owe.
Can I keep my car if I file Chapter 7?
You may be able to keep your car if you file Chapter 7 depending on factors such as the value of your car your state’s exemption laws and how much money you owe on the car.
How much money must I owe on my car to keep it in Chapter 7?
You may be able to keep your car in Chapter 7 even if you owe more than the car is worth as long as you are current on your payments.
Will I be able to keep my car if I am behind on my payments?
If you are behind on your payments you may still be able to keep your car in Chapter 7 depending on your state’s exemption laws.
What if I am not current on my payments but my car is worth less than I owe?
If your car is worth less than you owe and you are not current on your payments you may still be able to keep your car in Chapter 7 depending on your state’s exemption laws.
What if I am current on my payments but my car is worth less than I owe?
If your car is worth less than you owe and you are current on your payments you may still be able to keep your car in Chapter 7 depending on your state’s exemption laws.
What if my car is worth more than I owe?
If your car is worth more than you owe you may still be able to keep your car in Chapter 7 depending on your state’s exemption laws.
What are some of the factors that will determine if I can keep my car in bankruptcy?
Factors that will determine if you can keep your car in bankruptcy include the value of your car your state’s exemption laws and how much money you owe on the car.
Where can I find my state’s exemption laws?
You can find your state’s exemption laws online or by contacting your state’s bankruptcy court.
I’m still not sure if I can keep my car.
Who can I talk to?
You can talk to a bankruptcy attorney or your bankruptcy trustee to get more information about keeping your car in bankruptcy.
