Frequently Asked Questions

Can I keep my car?

Most of the time, yes, because in almost all the cases I see, the debt is more than the car is worth. Your car can have an auction value or equity up to $8,000 in bankruptcy. There is more information on this in the section called ‘Can I own anything?’. If you do want to keep it, check that all the payments are up-to-date before you file for bankruptcy and from then on.

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