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Can you file bankruptcy if you own a car?

Wiki User

∙ 2005-06-09 16:24:05

Best Answer

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.

Wiki User

∙ 2005-06-09 16:24:05

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Related questions

Can you file bankruptcy if you caused a car accident?

Can you file bankruptcy if you caused a car accident?

Can you file bankruptcy if you own your home?

can a person file bankruptcy if the home is not under any mortgage?

Can you get your car back after a repossession if you file chapter 13 bankruptcy?

In GA Can you get your car back after a repossession if you file chapter 13 bankruptcy

If you file bankruptcy can they take the car?

Yes.

If you own a home can you file for bankruptcy?

Yes

What happen if you file bankruptcy and have not been discharged and buy a car and have it finance?

If you file bankruptcy and you have not been discharged the car that you buy can be used to finance it.

If I want to file bankruptcy but my car is in my aunt's name is there any way she can release it into my name and I file the car in with my bankruptcy?

must be yours for two years

Can you keep your car and house if you file bankruptcy?

yes

Can you file bankruptcy if you own vacant land?

Of course

What happens if my car is repossessed and then I file bankruptcy?

Any leftover debt from that car repossession can be put in your bankruptcy petition..so if you owed $12k and the bank sold it for $6k..then you can file bankruptcy on the remaining $6k.

Can you purchase another car before you file bankruptcy on another car?

sure you can, but you will loose new car when u file bankruptcy anyway.also need more than just a car payment to file bankruptcy. laws have changed to prevent people filing bankrupcy just to dodge paying there bills

Claim bankruptcy of your car for dwi lost?

can file bankrupcy if i lose my car

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