What Happens to Your Car and Car Loan in Bankruptcy?
What Happens to Your Car and Car Loan in Bankruptcy?
-
How to File Bankruptcy and Keep Your Car
Whether you keep your vehicle in bankruptcy will depend on whether you file for Chapter 7 or Chapter 13 bankruptcy, whether you’re behind on your car payment, and whether you can protect all of the vehicle equity with a bankruptcy exemption.
-
The Motor Vehicle Exemption in Chapter 7 Bankruptcy
Most states let you protect or “exempt” some equity in your car, van, truck, or motorcycle using the motor vehicle exemption. You can keep the car in Chapter 7 bankruptcy if you can exempt its equity and meet other requirements.
-
How to Value Your Car in Bankruptcy
Valuing your car, van, truck, or motorcycle is essential to a bankruptcy case. As with other property, you must list how much each vehicle is worth and whether an exemption protects its equity in the bankruptcy petition.
Car Repossessions and Bankruptcy
Car Repossessions and Bankruptcy
-
Will Chapter 7 Bankruptcy Prevent a Car Repossession?
Chapter 7 can temporarily delay the lender from repossessing your car but doesn't offer a permanent solution. Learn more.
-
Will Filing For Bankruptcy Get Back a Repossessed Vehicle?
If you've had your vehicle repossessed because you haven't kept up with the payments, you might wonder if you can get your car back by filing for bankruptcy. Learn about your options.
Options to Keep or Surrender Your Vehicle in Bankruptcy
Options to Keep or Surrender Your Vehicle in Bankruptcy
-
Should I Surrender My Car in Chapter 7 Bankruptcy?
If you owe money on your car and file for Chapter 7 bankruptcy, you must decide whether to keep or surrender it. Learn how to let the bankruptcy court and creditors know your intention.
Car Leases in Bankruptcy
Car Leases in Bankruptcy
-
What Happens to a Car Lease in Chapter 7 Bankruptcy?
What happens to your car lease in Chapter 7 bankruptcy depends on whether you are behind on your payments and on what the bankruptcy trustee decides to do with the lease.
