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Yes, how the bankruptcy will affect the ownership of the vehicle depends on the state vehicle exemption amount and if the lender will agree to reaffirm the loan. If there is no loan/lien pertaining to the vehicle then only the state exemption will apply.

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โˆ™ 2005-06-09 16:24:05
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Q: Can you file bankruptcy if you own a car?
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If you file bankruptcy and you have not been discharged the car that you buy can be used to finance it.


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