QUESTION
I'm considering filing bankruptcy, I have a signature loan and car loan at the same Credit Union. Can I file on one and not the other?
Asked on Apr 23rd, 2024 on Bankruptcy - Michigan
More details to this question:
I want to file on my signature loan and keep my car. They are both thru the same credit union, can this be done? Will I lose my car?
1 ANSWER
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In theory, the Debtor in a bankruptcy can cancel or reaffirm each debt they have
it could be tricky here as the debts might have contract language referencing each other and are held by the same creditor.
Your bankruptcy attorney ought to be able to advise you best on this
good luck
Answered on Apr 24th, 2024 at 8:10 AM