answersLogoWhite

0


Best Answer

You are normally allowed to keep the house you are living in and one car in a bankruptcy.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can I keep my house and car out of a bankruptcy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can you file Chapter 7 and keep your house and car?

Whether you can keep your house and car depend on how much equity is in your house and car and the available bankruptcy exemptions within your state. If the bankruptcy exemptions allow you to protect the equity in these assets then you should be able to keep them in bankruptcy.


If you filed bankruptcy and it was final and a reaffirmation agreement was signed but discharged by the courts you have always been current on your car payment can you keep the car and continue paying?

Long as you put it in your reaffirmation so that it will not be part of your bankruptcy you will be able to keep it. Same thing as with a house. Just as long as it was part of the agreement that it was not included in your bankruptcy then you are o.k.


Can you keep your house while going into bankruptcy?

No.


Can you keep your house if bankruptcy is dismissed for non-payment?

That decision is made by the lender not the bankruptcy court.


Can i keep house and car in banruptsy?

It depends on what type of bankruptcy you're talking about. The most commonly referred to would be chapter 7 in which you would be allowed to keep a vehicle, however the house would be sold off.


What are the laws regarding reposition after bankruptcy?

can they send a police to my house to repo my car? can they send a police to my house to repo my car?


If bankruptcy is filed can you keep your house with a mortgage?

mabey 87% sure


What can you keep during bankruptcy?

I kept my house & pick up truck


What assets can i keep during bankruptcy in minnesota?

In a typical bankruptcy you are allowed to declare certain assets to be excempt from the bankruptcy. Typically you will be allowed to keep your house (though you may be forced to downsize), a car (again,you may be force you to downsize), and up to a certain limit of other assetts that can be declared except. The details for exemptions can be given to you by <a href="http://www.bolinskelaw.com/">Minneapolis bankruptcy attorneys</a>.


In chapter 7 can you keep the house?

Yes. you can keep the home. Make sure to consult a bankruptcy attorney


If I file Bankruptcy-7, will I be able to keep my 401k/ my home/ and my cay?

Chapter 7 is a liquidation bankruptcy, you are giving up your assets. If you want to keep your home and car you would need to file a Chapter 11 Bankruptcy.


I filed bankruptcy in July and included my car in the bankruptcy it discharged out of court in Oct its now December and they still havent picked up the car how long after that does the car become mine?

unless you opted to keep your car and continue to make payments, they should have repoed it already. in other words, if you still want to keep the car you can only if you keep paying for it.