Can i keep my car if i file for bankruptcy or foreclose on my house?
Well you got some half arzed answers…..Please take a minute and review the offical bankruptcy website and familarize yourself more on bankruptcy, it’s a great site to give you info as the question you asked…. www.usbankruptcy.gov If you still owe on your car note and are current on the notes, you may be able to file a chapter 7 bk filing. If the notes are behind, the bk courts will only allow you to file a chapter 13 bankruptcy running the payments thru a payment plan and keeping the vehicle, but the payments run approx 3 to 5 years, depending on what kind of income you have. You can consult with a local bankruptcy attorney, most will see you free the first time. They will want to see your last 6 months of pay stubs, list of assets, debts, and last 4 years of taxes. As far as a foreclosure, if you are behind on the loan and it’s not foreclosed upon yet, a chapter 13 bankruptcy will help you stay in the house, keep the vehicle and run all the secured debts you have thru the plan, un
