If I file for medical bankruptcy, do I have to sell all my cars and take out my money from the bank?

There is no such thing as MEDICAL BANKRUPTCY. By law, all your debts must be included in any bankruptcy you file. You do not sell your cars or take money out of the bank because to do so right before filing bankruptcy could get you into a lot of hot water, which might include spending time in prison ? the kind of prison you see on the series Orange is the New Black. Which is why I urge you to consult a local bankruptcy attorney before putting a knife in your own back.

You would be well advised to speak to an attorney face to face so you don't make any mistakes. You want a minimal balance in your bank account on the date of the filing. You can keep the car if you keep making the payments. If you qualify, you may be able to lower your car payments through a 722 redemption. A lawyer can explain all of this to you. Good luck!

There is no such thing as a medical bankruptcy. There is only a chapter 7 to eliminate debt whether you can keep a vehicles or money in bank accounts depends on their value and the amount to be exempted.