QUESTION
Can I keep my new car if I continue paying for it after filing for bankruptcy?
Asked on Oct 01st, 2012 on Bankruptcy - Wyoming
12 ANSWERS
Bankruptcy Attorney serving Bellevue, WA
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Wild Sky Law Group, PLLC
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In most cases, yes.
Answered on Jun 27th, 2013 at 12:46 AM
Chapter 7 Bankruptcy Attorney serving Appleton, WI
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Sisson & Kachinsky Law Offices
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Yes.
Answered on May 22nd, 2013 at 1:27 AM
Yes.
Answered on May 22nd, 2013 at 1:27 AM
Bankruptcy Law Attorney serving Austin, TX
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Law Office of Susan G. Taylor
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Yes.
Answered on May 21st, 2013 at 3:20 AM
Bankruptcy Attorney serving Petaluma, CA
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Law Office of Andrew Kern
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It depends. Some creditors require you to file a "reaffirmation agreement" in order for you to retain your car and other creditors do not require the agreement. Check with the creditor.
Answered on Oct 03rd, 2012 at 4:17 PM
Commercial Bankruptcy Attorney serving Davie, FL
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Law Office of Jeffrey Solomon
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As between you and the car lender, you might have to sign a reaffirmation agreement to be able to keep the car. If there is too much equity in the car, the chapter 7 trustee can take your vehicle, or you would have to pay money to the trustee to keep your car.
Answered on Oct 03rd, 2012 at 11:42 AM
Bankruptcy Attorney serving Overland Park, KS
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The Smalley Law Firm, LLC
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Yes, you should be able to keep your car as long as you continue to make the payments.
Answered on Oct 03rd, 2012 at 11:42 AM
Bankruptcy Law Attorney serving Livingston, NJ
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Law Office of Stuart M. Nachbar, P.C.
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Yes, you should be able to keep the car by filing a Reaffirmation Agreement with the Lender.
Answered on Oct 03rd, 2012 at 11:41 AM
Criminal Defense Attorney serving Deltona, FL
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R. Jason de Groot, P.A.
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You can probably keep your car if you continue making all the payments.
Answered on Oct 03rd, 2012 at 11:39 AM
General Practice Attorney serving Crystal Lake, IL
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Bruning & Associates, P.C.
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The answer is probably yes. If you are current on your payments, and reaffirm the debt, you should be able to keep your car.
Answered on Oct 03rd, 2012 at 11:34 AM
Alternative Dispute Resolution Attorney serving Ventura, CA
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Zahn Law Office
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Only if you reaffirm the loan. Pay and retain is no longer an option.
Answered on Oct 03rd, 2012 at 11:32 AM
Appellate Practice Attorney serving Cheyenne, WY
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Lynn Boak Attorney at Law
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If you reaffirm it you may be able to keep it, but it will depend on what other debts you have. The trustee may frown on it if it is a luxury car and very expensive.
Answered on Oct 03rd, 2012 at 11:29 AM